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ICICI Bank reappoints Sandeep Bakhshi as CEO/MD for two more years amid a 4% profit drop due to higher loan provisions.
ICICI Bank’s board has reappointed Sandeep Bakhshi as CEO and MD for another two years, starting October 4, 2026, pending approvals.
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.
Core metrics remained stable, and analysts maintained 'Buy' ratings, citing solid fundamentals, controlled credit costs, and improving asset quality.
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ICICI Bank vuelve a nombrar a Sandeep Bakhshi como CEO/MD por dos años más en medio de una caída de ganancias del 4% debido a mayores provisiones de préstamos.