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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Sandeep Bakhshi’s feeler indicating he wants to be relieved has the RBI worried and the bank scrambling to find a replacement. It helps that it has a deep bench.
Sandeep Bakhshi has indicated that he wants to be relieved as managing director and CEO of ICICI Bank, according to three people with knowledge of the matter.
“He has some personal emergency. That is why he wants to step down,” says one of them.
But the Reserve Bank of India is dead set against him stepping down. Rather, it is all for him to continue at the helm of the bank for as long as possible—which means Bakhshi, 63, could stay another seven years.
“The central bank suggested that he work remotely if the need arises, and requested him …
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.
