Veteran banker Ashwani Bhatia joins ICICI Bank (IBN) board

Rhea-AI Filing Summary

ICICI Bank Limited has approved the appointment of Mr. Ashwani Bhatia as an Additional (Independent) Director. His term is set to run from June 1, 2026 to May 31, 2031, subject to shareholder approval under Indian listing regulations.

Mr. Bhatia is a seasoned banking and financial markets professional with over 40 years of experience, including senior leadership roles at State Bank Group and as a Whole Time Member of India’s securities regulator SEBI. The bank states he is not related to any existing director and is not debarred by SEBI or any other authority from holding a directorship.

Key Figures

Director term start: June 1, 2026 Director term end: May 31, 2031 Board approval time: 1:51 p.m. +3 more

6 metrics

Director term start June 1, 2026 Commencement of term as Additional (Independent) Director

Director term end May 31, 2031 Scheduled end of five-year independent director term

Board approval time 1:51 p.m. Time when board resolution approving appointment was passed

Professional experience over 40 years Experience in financial markets and banking

Tenure at State Bank Group ~37 years Duration of association with State Bank Group

SEBI Whole Time Member tenure June 2022 to May 2025 Period serving as Whole Time Member at SEBI

Key Terms

Additional (Independent) Director, Whole Time Member, Securities & Exchange Board of India (SEBI), Alternative Investment Fund, +1 more

5 terms

Additional (Independent) Director financial

"approved the appointment of Mr. Ashwani Bhatia ... as an Additional (Independent) Director"

Whole Time Member regulatory

"He served as a Whole Time Member at Securities & Exchange Board of India (SEBI)"

Securities & Exchange Board of India (SEBI) regulatory

"He served as a Whole Time Member at Securities & Exchange Board of India (SEBI)"

Alternative Investment Fund financial

"responsible for the Department of Debt and Hybrid Securities, Alternative Investment Fund and Foreign Portfolio Investors Department"

Foreign Portfolio Investors financial

"Alternative Investment Fund and Foreign Portfolio Investors Department"

Foreign portfolio investors are individuals or institutions located outside a country that buy stocks, bonds, or other financial assets in that country’s markets without taking direct control of companies. Like tourists who shop in a market rather than running a store, they bring money in and out and can change overall demand, liquidity, price moves, currency flows, and market sentiment—factors investors watch because they affect asset prices and volatility.

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FAQ

What board change did ICICI Bank (IBN) disclose in this 6-K?

ICICI Bank disclosed that its board approved appointing Ashwani Bhatia as an Additional (Independent) Director. His term is scheduled from June 1, 2026 to May 31, 2031, subject to shareholder approval under Indian listing regulations.

Who is Ashwani Bhatia, the new independent director at ICICI Bank (IBN)?

Ashwani Bhatia is a banking and financial markets professional with over 40 years of experience. He previously served as Managing Director of State Bank of India and as a Whole Time Member of SEBI, overseeing multiple regulatory and market supervision departments.

When will Ashwani Bhatia’s term on the ICICI Bank (IBN) board run?

His term as an Additional (Independent) Director is planned from June 1, 2026 to May 31, 2031. The appointment is effective for this five-year period once shareholders provide the required approval under Indian listing regulations.

Is Ashwani Bhatia related to any existing ICICI Bank (IBN) director?

ICICI Bank states that Ashwani Bhatia is not related to any of its directors. This affirmation supports his status as an independent director under applicable governance norms and is specifically disclosed as part of the board appointment announcement.

Has any regulator barred Ashwani Bhatia from being a director at ICICI Bank (IBN)?

The bank affirms that Ashwani Bhatia is not debarred from holding the office of director by SEBI or any other authority. This statement confirms his eligibility to serve on the ICICI Bank board according to regulatory requirements.

What prior regulatory role did Ashwani Bhatia hold before joining ICICI Bank (IBN)?

From June 2022 to May 2025, Ashwani Bhatia served as a Whole Time Member at SEBI. He was responsible for departments overseeing debt and hybrid securities, alternative investment funds, foreign portfolio investors, intermediaries, investigations, and investor assistance.

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 June 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:

Other news

 

OTHER NEWS

Sub: Disclosure under Indian Listing Regulations

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

In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of ICICI Bank Limited (the Bank) have, vide, resolution passed by circulation today at 1:51 p.m. approved the appointment of Mr. Ashwani Bhatia (DIN : 07423221) as an Additional (Independent) Director, for a term commencing from June 1, 2026 to May 31, 2031, subject to the approval of shareholders. Brief profile of Mr. Ashwani Bhatia is attached as Annexure. Mr. Bhatia is not related to any Director of the Bank. We affirm that Mr. Bhatia is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or any other such authority.

Please take the above information on record.

 

Annexure

Mr. Ashwani Bhatia:

Mr. Ashwani Bhatia is a financial markets and banking professional with over 40 years of experience across diverse roles. He served as a Whole Time Member at Securities & Exchange Board of India (SEBI) from June 2022 to May 2025 and was responsible for the Department of Debt and Hybrid Securities, Alternative Investment Fund and Foreign Portfolio Investors Department, Market Intermediaries Regulation and Supervision Department, Corporation Finance Investigation Department and Office of Investor Assistance & Education.

Prior to joining SEBI, Mr. Bhatia was associated for ~37 years with the State Bank Group where he joined as a Probationary Officer in 1985. He held leadership responsibilities across various functions and businesses in SBI and its subsidiaries and retired as the Managing Director of SBI. Before becoming the Managing Director of SBI, Mr. Bhatia served as the Managing Director & CEO of SBI Funds Management Limited. He has wide experience in treasury operations, retail banking, credit, investment banking and asset management.

Mr. Bhatia is a Bachelor of Science (Physics & Mathematics) from Dayalbagh University, Agra and an MBA from Podar Institute of Management, Jaipur.

 

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	: June 1, 2026		By:	/s/ Prachiti D. Lalingkar
				Name :	Prachiti D. Lalingkar
				Title    :	Company Secretary