ICICI Bank Board approves appointment of Anup Bagchi as Executive Director

India Infoline News Service | Mumbai | October 14, 2016 18:16 IST

Anup Bagchi has been with the ICICI Group since 1992 and has worked in the areas of retail banking, corporate banking and treasury.

ICICI-Bank
ICICI Bank Ltd has informed BSE that the Board of Directors of the Bank at its Meeting held on October 14, 2016 approved the appointment of Anup Bagchi, presently Managing Director & CEO, ICICI Securities Limited, as Executive Director of the Bank subject to regulatory approvals for a period of five years effective February 01, 2017 or the date of approval of his appointment by RBI, whichever is later.

Anup Bagchi has been with the ICICI Group since 1992 and has worked in the areas of retail banking, corporate banking and treasury. During his tenure at ICICI Securities, he has led the growth and development of the retail broking, retail financial product distribution and wealth management businesses. Mr. Bagchi is not related to any other director of the Bank.

The Board also took on record, the resignation of Rajiv Sabharwal, Executive Director consequent to his decision to pursue opportunities outside the ICICI Group, effective January 31, 2017. The Board has placed on record its appreciation of his contribution to ICICI Bank.

The Board also took note of other incidental changes to the senior management positions across the ICICI Group. 

***Note: This is a NSE Chart

 

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