RBI clears ICICI Bank (IBN) CEO Sandeep Bakhshi for new two-year term

Rhea-AI Filing Summary

ICICI Bank Limited reports that the Reserve Bank of India has approved the re-appointment of Mr. Sandeep Bakhshi as Managing Director & CEO for a further two-year term starting on October 4, 2026. His new term will run until October 3, 2028.

The re-appointment had previously received unanimous approval from the Bank’s Board, and it remains subject to shareholder approval and any other required approvals, which the Bank plans to seek in due course.

Key Figures

CEO term length: 2 years Term start date: October 4, 2026 Term end date: October 3, 2028 +2 more

5 metrics

CEO term length 2 years Re-appointment of Managing Director & CEO from October 4, 2026

Term start date October 4, 2026 Effective start of new CEO term

Term end date October 3, 2028 End of approved two-year CEO term

RBI approval date May 22, 2026 Date of Reserve Bank of India approval letter

Board approval date January 17, 2026 Date Board unanimously approved CEO re-appointment

Key Terms

Form 6-K, Managing Director & CEO, Reserve Bank of India, shareholders, +1 more

5 terms

Form 6-K regulatory

"FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 15d-16"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

Managing Director & CEO financial

"re-appointment of Mr. Sandeep Bakhshi ... as Managing Director & CEO of the Bank"

Reserve Bank of India regulatory

"RBI has, vide its letter dated May 22, 2026, approved the re-appointment"

shareholders financial

"The approval of the shareholders will be sought in due course of time."

Report of Foreign Issuer regulatory

"FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 15d-16"

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 OR

15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number: 001-15002

ICICI Bank Limited
(Translation of registrant’s name into English)

ICICI Bank Towers,
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.

Form 20-F   X  Form 40-F      

Table of Contents

Items:

1. Other news

OTHER NEWS

Sub: Disclosure under Indian Listing Regulations

The Bank has made the below announcements to the Indian stock exchanges:

This is further to our letter dated January 17, 2026 intimating the Board’s unanimous approval for the re-appointment of Mr. Sandeep Bakhshi (DIN: 00109206) as Managing Director & CEO of the Bank for a further period of two years with effect from October 4, 2026 to October 3, 2028, subject to approval of Reserve Bank of India, shareholders, and such other approvals as may be required.

RBI has, vide its letter dated May 22, 2026, approved the re-appointment of Mr. Sandeep Bakhshi for a period of two years from October 4, 2026. The approval of the shareholders will be sought in due course of time.

This is for your information please.

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

				For ICICI Bank Limited
Date	: May 22, 2026		By:	/s/ Prachiti D. Lalingkar
				Name :	Prachiti D. Lalingkar
				Title :	Company Secretary

 

FAQ

What did ICICI Bank (IBN) announce regarding its CEO on this Form 6-K?

ICICI Bank announced that the Reserve Bank of India approved re-appointing Mr. Sandeep Bakhshi as Managing Director & CEO for a further two-year term from October 4, 2026, following prior unanimous Board approval.

What is the tenure of Sandeep Bakhshi’s new term as ICICI Bank (IBN) CEO?

His approved new term as Managing Director & CEO runs for two years, starting on October 4, 2026 and ending on October 3, 2028, following prior unanimous Board approval communicated in January 2026.

Which regulator approved the re-appointment of ICICI Bank (IBN)’s CEO?

The Reserve Bank of India approved the re-appointment of Mr. Sandeep Bakhshi as ICICI Bank’s Managing Director & CEO, via a letter dated May 22, 2026, clearing him for a two-year term from October 4, 2026.

Is shareholder approval required for ICICI Bank (IBN) CEO Sandeep Bakhshi’s re-appointment?

Yes, the re-appointment remains subject to shareholder approval and other required approvals. ICICI Bank states that shareholder approval for Mr. Sandeep Bakhshi’s two-year term from October 4, 2026 will be sought in due course.

When did ICICI Bank (IBN)’s Board initially approve Sandeep Bakhshi’s re-appointment?

The Board unanimously approved the re-appointment on January 17, 2026. That earlier decision supported extending Mr. Sandeep Bakhshi’s role as Managing Director & CEO for two years, subject to Reserve Bank of India and shareholder approvals.

What is the effective start date of Sandeep Bakhshi’s new term at ICICI Bank (IBN)?

The new two-year term for Mr. Sandeep Bakhshi as Managing Director & CEO is effective from October 4, 2026. It has been approved by the Reserve Bank of India and still requires shareholder approval.