INSUBCONTINENT EXCLUSIVE:
Sandeep Bakhshi started his career with ICICI Ltd in 1986.Sandeep Bakhshi will replace Chanda Kochhar as managing director and CEO of ICICI
Bank, the lender said on Thursday
His appointment, subject to regulatory approvals, will be for a period of five year until October 3, 2023, the private sector banking major
said in a regulatory filing
The appointment of Mr Bakhshi came after the board of ICICI Bank accepted request for an early retirement from Ms Kochhar, who is being
probed on charges of alleged conflicts of interest
Mr Bakhshi currently serves as executive director and chief operating officer at ICICI Bank, the country's third largest bank.Other
June, when Ms Kochhar went on leave during the inquiry into an alleged conflict of interest that triggered months of controversy
His current term as whole-time director and chief operating officer (COO) designate started on July 31 for a period of three years.In his
current role, he is responsible for handling all the businesses and corporate centre functions at the bank.Before stepping into the COO's
role of ICICI Bank, Mr Bakhshi used to serve as the managing director and CEO of ICICI Prudential Life Insurance Company - the bank's life
insurance arm - until July this year.Mr Bakhshi started his career with ICICI Ltd in 1986, and has been with the the ICICI Group for 32
He has handled various assignments in group companies ICICI Limited, ICICI Lombard General Insurance, ICICI Bank and ICICI Prudential Life
Insurance, according to the bank's website.He looked after the corporate clients for the northern and eastern regions of ICICI Ltd before
joining ICICI Lombard in 2002.Mr Bakhshi is a mechanical engineer from Punjab Engineering College, Chandigarh and has a post-graduate degree
in management from Xavier Labour Relations Institute or XLRI, Jamshedpur.Mr Bakhshi grew up in a defence services family, according to ICICI
