Regulatory31 Jul 2026, 07:20 pm
RBI Approves Ajay Kumar Gupta's Re-appointment at ICICI Bank for 2 Years
AI Summary
ICICI Bank Ltd has received approval from the Reserve Bank of India (RBI) for the re-appointment of Mr. Ajay Kumar Gupta as Executive Director. The approval is valid for a period of two years, commencing from November 27, 2026, and concluding on November 26, 2028. This follows the Board's earlier unanimous approval. Shareholder consent is now being sought at the upcoming Annual General Meeting scheduled for August 21, 2026. This regulatory clearance is a key step in ensuring continuity in the bank's leadership.
Key Highlights
- RBI approves re-appointment of Mr. Ajay Kumar Gupta.
- Re-appointment is for a two-year term starting November 27, 2026.
- Shareholder approval to be sought at AGM on August 21, 2026.
- Ensures leadership continuity for the bank.
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