HomeFinance NewsAll you need to know about ICICI Bank COO Sandeep Bakhshi

All you need to know about ICICI Bank COO Sandeep Bakhshi

Private lender ICICI Bank on Monday appointed Sandeep Bakhshi as whole time director and chief operating officer (COO).

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By Jomy Jos Pullokaran  June 19, 2018, 7:44:45 PM IST (Updated)

All you need to know about ICICI Bank COO Sandeep Bakhshi
Private lender ICICI Bank on Monday appointed Sandeep Bakhshi as whole time director and chief operating officer (COO).


Bakhshi's appointment as COO will be for a period of five years, subject to regulatory approvals, and his tenure will start on June 19, the bank said in a disclosure to exchanges.

The new COO will be responsible for handling all businesses and corporate operations of the bank.

All executive directors on the bank's board and its executive management will report to Bakhshi, who in turn will report to managing director and chief executive officer (CEO) Chanda Kochhar, the bank added.

Sandeep Bakhshi has been associated with the ICICI bank group for 32 years, working across its diverse verticals. "We believe that this deep association should aid a smooth transition," said Jefferies on the latest development.

Bakhshi has been the managing director and CEO of ICICI Prudential Life Insurance Company since August 1, 2010 and and was re-appointed from August 1, 2015. Prior to this role, Bakhshi was the deputy managing director of ICICI Bank. In this role, he headed the retail and subsequently the wholesale business at the bank. He looked after the corporate clients for the northern and eastern regions of ICICI Ltd before joining ICICI Lombard in 2002.

His work responsibilities included business development, project appraisals, project monitoring and business re-structuring.

Bakhshi has also been the managing director and chief executive officer of ICICI Lombard General Insurance.

He has obtained his bachelor’s degree in mechanical engineering from Punjab Engineering College, Chandigarh and a post-graduate degree in business management from Xavier Labour Relations Institute, Jamshedpur.