ICICI Bank shares jump after lender gets nod from RBI to reappoint Sandeep Bakhshi as CEO
The Reserve Bank of India on Monday approved the reappointment of Sandeep Bakhshi as the bank's managing director and CEO for three years.
ICICI Bank started Tuesday (September 12) morning trade session on a high note, rising to the day's high of Rs 993.35, a day after the Reserve Bank of India approved the reappointment of Sandeep Bakhshi as the bank's managing director and CEO for three years.
The reappointment of Bakhshi will be effective from October 4, 2023, till October 3, 2026, ICICI Bank said in a regulatory filing on Monday (September 11).
The bank's shareholders have already approved the appointment of Bakhshi for three more years, it added.
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Here's how the shares of ICICI have done in the last one year.
ICICI Bank Share Price
The bank's share was trading up 1.21 per cent at Rs 990.15 in early morning deals on Tuesday.
The company's shares in the last month have jumped 3.45 per cent, while they have soared 19.90 per cent in the last six months.
The shares' jump in the last one year has been 9.38 per cent.
In comparison to the bank's stock performance, the benchmark index Nifty 50 has jumped 3.09 per cent in the last one month, 16.80 per cent in the six months while 11.70 per cnet in the last one year.
The bank last week also get approval from the RBI to make i-Process Services (India) Pvt Ltd its wholly owned subsidiary.