ICICI Bank Management

Management criteria checks 4/4

ICICI Bank's CEO is Sandeep Bakhshi, appointed in Oct 2018, has a tenure of 6.08 years. total yearly compensation is ₹99.66M, comprised of 34.8% salary and 65.2% bonuses, including company stock and options. directly owns 0.005% of the company’s shares, worth ARS4.96B. The average tenure of the management team and the board of directors is 4.2 years and 3.4 years respectively.

Key information

Sandeep Bakhshi

Chief executive officer

₹99.7m

Total compensation

CEO salary percentage	34.8%
CEO tenure	6.1yrs
CEO ownership	0.005%
Management average tenure	4.2yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sandeep Bakhshi's remuneration changed compared to ICICI Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	₹474b
Jun 30 2024	n/a	n/a	₹453b
Mar 31 2024	₹100m	₹35m	₹443b
Dec 31 2023	n/a	n/a	₹424b
Sep 30 2023	n/a	n/a	₹402b
Jun 30 2023	n/a	n/a	₹373b
Mar 31 2023	₹96m	₹36m	₹340b
Dec 31 2022	n/a	n/a	₹319b
Sep 30 2022	n/a	n/a	₹296b
Jun 30 2022	n/a	n/a	₹277b
Mar 31 2022	₹70m	₹29m	₹251b
Dec 31 2021	n/a	n/a	₹223b
Sep 30 2021	n/a	n/a	₹212b
Jun 30 2021	n/a	n/a	₹200b
Mar 31 2021	₹4m	n/a	₹184b
Dec 31 2020	n/a	n/a	₹147b
Sep 30 2020	n/a	n/a	₹139b
Jun 30 2020	n/a	n/a	₹102b
Mar 31 2020	₹63m	₹29m	₹96b
Dec 31 2019	n/a	n/a	₹95b
Sep 30 2019	n/a	n/a	₹67b
Jun 30 2019	n/a	n/a	₹68b
Mar 31 2019	₹55m	₹22m	₹43b

Compensation vs Market: Sandeep's total compensation ($USD1.18M) is below average for companies of similar size in the AR market ($USD5.71M).

Compensation vs Earnings: Sandeep's compensation has been consistent with company performance over the past year.

CEO

Sandeep Bakhshi (64 yo)

6.1yrs

Tenure

₹99,655,999

Compensation

Mr. Sandeep Bakhshi, BE (Mech), PGDM, has been Managing Director and Chief Executive Officer of ICICI Bank Ltd. since October 15, 2018 and has been its Executive Director since June 19, 2018. Mr. Bakhshi s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sandeep Bakhshi	MD, CEO & Executive Director	6.1yrs	₹99.66m	0.0047% ARS 5.0b
Anindya Banerjee	Group CFO & Head of Investor Relations	2.5yrs	₹11.36m	0.0024% ARS 2.5b
Rakesh Jha	Executive Director	2.2yrs	₹83.96m	0.0019% ARS 2.0b
Sandeep Batra	Executive Director	no data	₹86.74m	0.0048% ARS 5.0b
Ajay Gupta	Executive Director	less than a year	₹48.29m	0.0084% ARS 8.8b
Laxminarayan Achar	Chief Accountant	no data	no data	no data
Prachiti Lalingkar	Company Secretary & Compliance Officer	1.6yrs	no data	0% ARS 0
Prasanna Balachander	Head of Markets & Proprietory Trading and Group Executive	8yrs	no data	0.00064% ARS 671.1m
Akshay Chaturvedi	Country Head of USA	5.8yrs	no data	no data
Rajendra Khandelwal	Chief Internal Auditor	no data	no data	no data
Vivek Ranjan	Chief Manager	14.6yrs	no data	no data
Soumendra Mattagajasingh	Head of Business HR & Employee Relations	no data	no data	no data

4.2yrs

Average Tenure

55yo

Average Age

Experienced Management: IBN's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sandeep Bakhshi	MD, CEO & Executive Director	6.4yrs	₹99.66m	0.0047% ARS 5.0b
Rakesh Jha	Executive Director	2.2yrs	₹83.96m	0.0019% ARS 2.0b
Sandeep Batra	Executive Director	3.9yrs	₹86.74m	0.0048% ARS 5.0b
Ajay Gupta	Executive Director	less than a year	₹48.29m	0.0084% ARS 8.8b
Neelam Dhawan	Independent Non-Executive Director	6.8yrs	₹4.90m	no data
Punit Sood	Additional Independent Director	less than a year	no data	no data
Pradeep Sinha	Independent Part-Time Non-Executive Chairman	less than a year	₹341.76k	no data
Balasubramanyam Sriram	Independent Non-Executive Director	5.8yrs	₹7.40m	no data
Vibha Rishi	Non-Executive Independent Director	2.8yrs	₹4.70m	0% ARS 0
Subramanian Madhavan	Independent Non-Executive Director	5.6yrs	₹6.10m	0.000060% ARS 62.9m
Radhakrishnan Nair	Independent Non-Executive Director	6.5yrs	₹5.80m	no data
Rohit Bhasin	Independent Director	less than a year	no data	no data

3.4yrs

Average Tenure

64yo

Average Age

Experienced Board: IBN's board of directors are considered experienced (3.4 years average tenure).

ICICI Bank Management

Management criteria checks 4/4

Key information

Recent management updates

ICICI Bank Limited Announces Retirement of Uday Chitale as Independent Director

ICICI Bank Limited, Annual General Meeting, Aug 29, 2024

ICICI Bank Limited Informs Resignation of Bijith Bhaskar as Head of Cards, Payment Solutions, E-Commerce Ecosystem, Merchant Ecosystem, Consumer Finance, Effective May 18, 2024

ICICI Bank Limited Announces Appointment of Mr. Ajay Kumar Gupta as an Executive Director of the Bank

ICICI Bank Limited Announces Management Changes

ICICI Bank Limited Appoints Ajay Gupta as an Additional Director and Whole-Time Director (Designated as Executive Director), Effective from November 27, 2023

Recent updates

Top Banks Reportedly Keen to Share Project Loan for Adani Enterprises

ICICI Bank Limited Announces Retirement of Uday Chitale as Independent Director

ICICI Bank Limited to Report Q2, 2025 Results on Oct 26, 2024

HDFC Reportedly in Talks with Global Banks to Offload $1 Billion in Loans

ICICI Bank Limited, Annual General Meeting, Aug 29, 2024

ICICI Bank Limited to Report Q1, 2025 Results on Jul 27, 2024

ICICI Bank Limited Informs Resignation of Bijith Bhaskar as Head of Cards, Payment Solutions, E-Commerce Ecosystem, Merchant Ecosystem, Consumer Finance, Effective May 18, 2024

ICICI Bank Limited Recommends Dividend for the Financial Year 2024

ICICI Bank Limited to Report Q4, 2024 Results on Apr 27, 2024

ICICI Bank Limited Announces Appointment of Mr. Ajay Kumar Gupta as an Executive Director of the Bank

ICICI Bank Limited Announces Management Changes

ICICI Bank Limited to Report Nine Months, 2024 Results on Jan 20, 2024

ICICI Bank Limited Appoints Ajay Gupta as an Additional Director and Whole-Time Director (Designated as Executive Director), Effective from November 27, 2023

ICICI Bank Limited to Report Q2, 2024 Results on Oct 21, 2023

ICICI Bank Limited Recommends Payment of Final Dividend for the Financial Year Ended March 31, 2023

ICICI Bank Limited, Annual General Meeting, Aug 30, 2023

ICICI Bank Limited to Report Q1, 2024 Results on Jul 22, 2023

ICICI Lombard Soars 14% as ICICI Bank Plans to Buy Additional 4% Stake

ICICI Bank Limited (NSEI:ICICIBANK) acquired 81% stake in I-process Services (India) Pvt., Ltd.

ICICI Bank Limited to Report Q3, 2023 Results on Jan 21, 2023

Tata Consultancy Services Limited and ICICI Bank Announces the Launch of `iLens', Digital Lending Solution

ICICI Bank Limited to Report Q2, 2023 Results on Oct 22, 2022

ICICI Bank Limited Announces Appointment of Mr. Rakesh Jha as Executive Director of the Bank

ICICI Bank Limited Recommends Payment of Final Dividend for the Financial Year Ended March 31, 2022

ICICI Bank Limited, Annual General Meeting, Aug 30, 2022

ICICI Bank Limited to Report Q1, 2023 Results on Jul 23, 2022

ICICI Bank Limited Recommends Dividend

ICICI Bank Limited (NSEI:ICICIBANK) accepted an offer to acquire 5.97% stake in Open Network for Digital Commerce for INR 100 million.

ICICI Bank Limited (NSEI:ICICIBANK) entered into an agreement to acquire 15% stake in India Debt Resolution Company Limited for INR 75 million.

ICICI Bank Limited (NSEI:ICICIBANK) entered into an agreement to acquire a 9.49% stake in VERVE Financial Services Private Limited for approximately INR 200 million.

ICICI Bank Limited Recommends Dividend for Fiscal Year of 2021

ICICI Bank Limited (NSEI:ICICIBANK) completed the acquisition of 9.09% stake in in Myclassboard Educational Solutions Private Limited for INR 45 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age