ICICI Bank gets RBI approval to re-appoint Sandeep Batra as ED

This renewed term of two years is within the five years term as previously approved by the shareholders, it further said.

Private sector lender ICICI Bank on December 20 received approval from the Reserve Bank of India (RBI) to re-appoint Sandeep Batra as the executive director (ED).

“RBI vide its letter approved the re-appointment of Sandeep Batra as Executive Director of the bank with effect from December 23, 2023 to December 22, 2025,” the bank said.

The shareholders of the bank on May 29 approved Batra's appointment as ED for five years effective from the date of approval of RBI. The effective date of the same was from December 23.

The board of directors recorded that the current tenure of Batra as ED of the Bank as per RBI approval, which was for three years, ends on December 22, 2023. It unanimously approved the reappointment of Batra for a further period of two years with effect from December 23, 2023, to December 22, 2025.

Batra is an ED on the Board of ICICI Bank and has been responsible for the Corporate Centre since July 2018. He is responsible for the credit, corporate communications, data science, finance, human resource, legal, operations and customer service, technology and secretarial groups. He is also administratively responsible for the risk function, internal audit and compliance groups.

He also serves on the board of ICICI Prudential Life Insurance, ICICI Lombard General Insurance, ICICI Prudential Asset Management and ICICI Venture.