Private sector ICICI Bank has denied the report, which claims that the bank’s CEO Sandeep Bakshi is resigning from his post. Earlier, some reports had claimed that Sandeep Bakshi was resigning from the post of MD and CEO due to personal reasons. However, now Sandeep Bakshi has said that his report is completely false and misleading. However, there has been no significant impact on its shares and the bank’s shares have declined. Currently it is trading at Rs 1134.30 on BSE with a decline of 1.54 percent. It fell to Rs 1133.40 intra-day and touched an intra-day high of Rs 1155.
What did ICICI Bank say on the resignation of Sandeep Bakshi?
ICICI Bank said in an exchange filing that the report claiming that the MD has resigned due to personal reasons is completely imaginary, baseless and misleading. The bank says that it is believed that this rumor has been spread by the bank and its stakeholders with ulterior motives and malicious intent to incur losses. The report claims that Sandeep Bakshi has some personal emergency due to which he wants to resign. The report, quoting sources, also claimed that the central bank RBI was against his resignation.
Shares have tripled during Anand Bakshi’s tenure
Last year, in September 2023, the central bank RBI had given approval to ICICI Bank to appoint Anand Bakshi as MD and CEO. His current tenure is till October 2026. For the first time, this is the bank’s earnings till October 2026. He first took charge of the bank in October 2018 and ICICI Bank shares have surged during his tenure. During the tenure of Anand Bakshi, the shares of ICICI Bank have more than tripled and if we talk about the last five years, its performance has been the best on Nifty Bank.
