ICICI Bank (IBN) refreshes senior management with two new SMPs
Rhea-AI Filing Summary
ICICI Bank Limited reported that its Board of Directors has approved the inclusion of Mr. Samit Upadhyay and Mr. Sachin Garg in the category of senior management personnel, effective October 1, 2025. Both executives are Chartered Accountants with over two decades of experience, and Mr. Upadhyay is also an Actuary with prior roles at major Indian and multinational financial institutions.
The Board also noted that Mr. Atul Arora, currently a senior management personnel, will superannuate from the Bank’s services on September 30, 2025 and will cease to be part of senior management from October 1, 2025. These changes were approved at a Board meeting that ran from 9:30 a.m. to 3:25 p.m., and were disclosed in line with Indian listing regulations.
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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 September 2025
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
Subject: Disclosure under Indian Listing Regulations
IBN
ICICI Bank Limited (the ‘Bank’) Report on Form 6-K
The Bank has made the below announcement to the Indian stock exchanges:
Based on the recommendation of the Board Governance, Remuneration & Nomination Committee, the Board of Directors of ICICI Bank Limited (“the Board”) has, at its meeting held today, inter alia, approved the inclusion of Mr. Samit Upadhyay and Mr. Sachin Garg in the category of senior management personnel (SMP) with effect from October 1, 2025.Their profile is enclosed as Annexure.
The Board also noted that Mr. Atul Arora, a SMP of the Bank, will superannuate from the services of the Bank on September 30, 2025. Consequently, he shall cease to be a SMP with effect from October 1, 2025.
The Board meeting commenced at 9:30 a.m. and concluded at 3:25 p.m.
Please take the above information on record.
Annexure
Brief profile of Mr. Samit Upadhyay
Samit Upadhyay is a Chartered Accountant and an Actuary. He has over two decades of experience. Prior to joining the Bank, he has worked in organisations such as Tata AIA Life Insurance Company Limited, HDFC Standard Life Insurance Company Limited and ICICI Prudential Life Insurance Company Limited.
Brief profile of Mr. Sachin Garg
Sachin Garg is a Chartered Accountant. He has over two decades of experience. Prior to joining the Bank, he has worked in organisations such as Genpact and Bharat Sanchar Nigam Limited.
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: |
September 19, 2025 |
By: | /s/ Vivek Ranjan | ||
| Name : | Vivek Ranjan | ||||
| Title : | Associate Leadership Team | ||||
FAQ
What senior management changes did ICICI Bank (IBN) announce in this 6-K?
ICICI Bank announced that Mr. Samit Upadhyay and Mr. Sachin Garg will be included in the category of senior management personnel from October 1, 2025, while Mr. Atul Arora will superannuate on September 30, 2025 and cease to be senior management from October 1, 2025.
When do the new senior management appointments at ICICI Bank (IBN) become effective?
The inclusion of Mr. Samit Upadhyay and Mr. Sachin Garg as senior management personnel becomes effective on October 1, 2025.
Who are the newly designated senior management personnel at ICICI Bank (IBN)?
The newly designated senior management personnel are Mr. Samit Upadhyay, a Chartered Accountant and Actuary, and Mr. Sachin Garg, a Chartered Accountant, each with over two decades of professional experience.
Which senior management member is leaving ICICI Bank (IBN) and when?
Mr. Atul Arora, a senior management personnel of ICICI Bank, will superannuate from the Bank’s services on September 30, 2025 and will cease to be part of senior management from October 1, 2025.
What regulatory framework governs this disclosure by ICICI Bank (IBN)?
The disclosure is made as "Disclosure under Indian Listing Regulations" and is reported to the U.S. market through a Form 6-K submission.
What experience do the new ICICI Bank (IBN) senior managers bring?
Mr. Samit Upadhyay has over two decades of experience and has worked at Tata AIA Life Insurance Company Limited, HDFC Standard Life Insurance Company Limited, and ICICI Prudential Life Insurance Company Limited. Mr. Sachin Garg also has over two decades of experience, having worked at Genpact and Bharat Sanchar Nigam Limited.
