Meet Sandeep Bakhshi, the CEO of Rs 5.74 lakh crore ICICI bank; check his monthly salary and education

- Advertisement -
👉 Join our whatsapp group and get instant banking news updates

Sandeep Bakhshi: Sandeep Bakhshi, the MD and CEO of the ICICI Bank, is one of the highest paid bankers of India. He is credited with taking the bank out of one of its darkest chapters – his predecessor Chanda Kochchar resigning under a cloud of allegations of financial irregularities. He took the reins of the bank in 2018. Within five years, he has brought it back on the growth trajectory. When he took charge, the share price at BSE was Rs 313.35; yesterday, it closed at Rs 825. This shows that the investors have been showing faith in the bank’s management.

Under Sandeep Bakhshi, the market capitalisation of the ICICI bank rose to approximately Rs 5.74 lakh crore. The market cap can be described as the total market value of all shares of a publicly traded company.

Education

Bakhshi has nearly four decades of corporate experience. He is an engineer and manager by education. He studied mechanical engineering from Chandigarh’s Punjab Engineering College. He did a post graduate degree from the prestigious Xavier School of Management, Jamshedpur.

- Advertisement -

Journey in Bank

Bakshi joined ICICI in 1986. He was appointed the MD and CEO of the bank in 2018. Before assuming the top position, he was the managing director and CEO of ICICI Prudential for eight years. Before that, he was the top executive of ICICI Lombard. Prior to his appointment as MD & CEO, he was a Wholetime Director and the Chief Operating Officer (COO) of the Bank.

Salary

Bakhshi is one of the most well paid bank leaders in India. His annual salary in the financial year 2022 was Rs 7.98 crore, which is around Rs 65 lakh per month. He had famously relinquished his 2021 salary due to the coronavirus pandemic-induced financial crunch.

- Advertisement -

Share this article...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

Fake Currency Notes Found in Punjab National Bank Currency Chest in Agra

Fake Currency Notes Found in Punjab National Bank in Agra

Congress Questions Steel Minister on Disinvestment and Privatization of Steel Plants

Congress Questions Steel Minister on Disinvestment and Privatization of Steel Plants

Yes Bank and IDFC First Bank Announce Initiatives to Boost Corporate Lending

Yes Bank and IDFC First Bank Announce Initiatives to Boost Corporate Lending

Union Minister says BPCL privatization plan has been put on hold

Union Minister says BPCL privatization plan has been put on hold

86% Employees not happy with their life in India: Report

Low Employee Wellbeing in India: Gallup 2024 Report Reveals Alarming Statistics

PNB next MD & CEO appointment process to start from July

Appointment of Next Managing Director and CEO of Punjab National Bank (PNB) and Expectations for the Future

What are the Expectations of Banking Industry from Newly Formed Modi Government?

What are the Expectations of Banking Industry from Newly Formed Modi Government?

SBI Annual Report 2024 [Download PDF]

SBI Annual Report 2024 [Download PDF]

Bank of Baroda Officers start nationwide protest against Transfer Policy

Bank of Baroda Officers start nationwide protest against Transfer Policy

Bank Privatization: Can PM Modi privatize Banks after formation of coalition government?

Bank Privatization: Can PM Modi privatize Banks after formation of coalition government?

Latest News