INSUBCONTINENT EXCLUSIVE:
Sandeep Bakhshi joined the ICICI group in 1986.Adopting a seemingly cautious approach, the Reserve Bank has approved appointment of Sandeep
Bakhshi as ICICI Bank's Managing Director and Chief Executive Officer for three years as against a five-year term sought by the
quo in extending loans to certain entities -- resigned earlier this month, the bank announced appointment of Bakhshi as the MD and CEO for
five years.In recent months, the RBI seem to be exercising a cautious approach when it comes to re-appointment of chiefs of private sector
banks, especially against the backdrop of rising non-performing assets in the banking system.Last month, the central bank curtailed the
proposed three-year term for Yes Bank MD and CEO Rana Kapoor, whose tenure was extended only till January end
inform you that RBI (on October 15, 2018) has approved the appointment of Sandeep Bakhshi as Managing Director and CEO of the Bank for a
board had decided that Bakhshi would have a tenure of five years until October 3, 2023
Under his leadership, the company re-designed various products, re-engineered the distribution architecture and made significant improvement
the RBI had curtailed the three-year term that the Yes Bank's board had sought for Kapoor, also one of the promoters of the bank, to
January 31, 2019, and asked the bank to find a replacement
Sharma as MD and CEO to seven months following an unusual request from her that she be relieved on December 2018 -- 29 months ahead of the
mounting non-performing assets
