Sandeep Bakhshi Reappointed As CEO & MD Of ICICI Bank; Ajay K. Gupta Reappointed As Executive Director

The Board of ICICI Bank has reappointed Sandeep Bakhshi as Chief Executive Officer and Managing Director (CEO & MD), effective October 4, 2026.

Ajay Kumar Gupta, Executive Director of the bank, has been reappointed, effective November 27, 2026.

Bakhshi has served as MD and CEO of ICICI Bank since 15 October 2018. Prior to this role, he was a Whole-Time Director and Chief Operating Officer (COO). He has over three decades of experience across the ICICI Group, holding key positions at ICICI Ltd., ICICI Lombard General Insurance, ICICI Bank, and ICICI Prudential Life Insurance. He studied at multiple schools and colleges across India before completing his management programme at XLRI, Jamshedpur.

Gupta serves as Chairperson of ICICI Securities Primary Dealership Ltd. and I-Process Service (India) Ltd. and is a board member of ICICI Securities Ltd. and ICICI Home Finance Company Ltd. He is a Chartered Accountant since 1991, overseeing credit underwriting and process management for retail and business banking, operations, technology, and data sciences and analytics at ICICI Bank. Gupta has been with ICICI Bank since November 25, 1991, and has experience across corporate banking, project finance, SME, debt service management, credit and policy, and operations, contributing to the bank’s risk management, operational efficiency, and governance.

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