Management ChangeAug 3, 2026, 06:13 AM
ICICI Bank: RBI Approves Ajay Kumar Gupta's Re-appointment as ED
AI Summary
The Reserve Bank of India (RBI) has approved the re-appointment of Mr. Ajay Kumar Gupta as Executive Director of ICICI Bank for a two-year term, effective November 27, 2026, until November 26, 2028. This follows the Board's unanimous approval on January 17, 2026. Shareholder approval for the re-appointment will be sought at the upcoming Annual General Meeting scheduled for August 21, 2026.
Key Highlights
- RBI approved the re-appointment of Mr. Ajay Kumar Gupta as Executive Director.
- The re-appointment is for a period of two years.
- The term is effective from November 27, 2026, to November 26, 2028.
- ICICI Bank's Board had previously approved the re-appointment on January 17, 2026.
- Shareholder approval will be sought at the Annual General Meeting on August 21, 2026.
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