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flag ICICI Bank reappoints Sandeep Bakhshi as CEO/MD for two more years amid a 4% profit drop due to higher loan provisions.

flag ICICI Bank’s board has reappointed Sandeep Bakhshi as CEO and MD for another two years, starting October 4, 2026, pending approvals. flag The bank reported a 4% drop in net profit to ₹11,318 crore, driven by higher provisions—especially ₹1,283 crore from RBI-mandated requirements on non-compliant agricultural loans—despite strong net interest income growth. flag Core metrics remained stable, and analysts maintained 'Buy' ratings, citing solid fundamentals, controlled credit costs, and improving asset quality.

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