Report of Foreign Issuer (6-k)
October 16 2018 - 7:15AM
Edgar (US Regulatory)
FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For
the month of October, 2018
Commission File Number: 001-15002
ICICI
Bank Limited
(Translation of registrant’s name into English)
ICICI
Bank Towers,
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)
Indicate
by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
Indicate
by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate
by check mark whether by furnishing the information
contained in this Form, the Registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934:
If
“Yes” is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g 3-2(b):
Not Applicable
Table
of Contents
Item
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1.
2.
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Other
news
Annexure
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OTHER
NEWS
Subject:
Appointment of Mr. Sandeep Bakhshi as Managing Director & CEO
IBN
ICICI
Bank Limited (the ‘Bank’) Report on Form 6-K
The
Bank has made the following announcement to the Indian stock exchanges:
We
wish to inform you that RBI
vide
its letter no DBR.Appt.No.3065/08.88.001/ 2018-19 dated October 15, 2018 has approved
the appointment of Mr. Sandeep Bakhshi as Managing Director & CEO of the Bank for a period of three years with effect from
October 15, 2018.
Please
take the above information and annexure to the letter pursuant to the requirements of Regulation 30 of SEBI (Listing obligations
and disclosure requirements), 2015 on record.
ICICI
Bank Limited
ICICI
Bank Towers
Bandra-Kurla
Complex
Mumbai
400 051, India.
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Tel.:
(91-22) 2653 1414
Fax:
(91-22) 2653 1122
Website
www.icicibank.com
CIN.:
L65190GJ1994PLC021012
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Regd.
Office: ICICI Bank Tower,
Near
Chakli Circle,
Old
Padra Road
Vadodara
390007. India
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Annexure
Reason for change
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Appointment
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Date
of appointment
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October
15, 2018
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Brief
Profile
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Mr.
Sandeep Bakhshi joined the Group on December 1, 1986, in the Project financing group of ICICI Limited. In the Bank he
was responsible for the Wholesale Banking & Small and Medium enterprises business. He was appointed the Managing Director
& CEO of ICICI Lombard General Insurance Company on April 01, 2002 and was instrumental in scaling up the private
sector general insurance offerings in the country. Mr. Bakhshi was appointed as the Deputy Managing Director and had handled
both the Retail and Corporate Banking business of ICICI Bank Limited, from May 1, 2009 to July 31, 2010. He was thereafter
appointed as the Managing Director & CEO of ICICI Prudential Life Insurance Company from August 1, 2010 where under
his leadership the Company redesigned various products, re-engineered the distribution architecture and made significant
improvement in productivity. He successfully led the listing of the Company. He has leveraged technology and innovative
business practices to enhance the quality of products and services offered to customers and improved operational efficiency.
Mr.
Bakhshi has obtained his bachelors’ degree in mechanical engineering from Punjab Engineering College, Chandigarh
and a post graduate degree in management from Xavier Labour Relations Institute, Jamshedpur. His responsibilities over
the years include Strategic planning, business development, project appraisals, project monitoring and business re-structuring
across the Group’s banking & insurance companies. He has over 32 years of experience in Finance, Banking and
Insurance. Previously, he has also served as the chairman of ICICI Home Finance Company Limited.
Mr.
Sandeep Bakhshi’s invaluable experience across the Bank’s businesses combined with his exposure in more than
two of the Group companies as Managing Director & CEO in addition to his leadership attributes would strengthen the
Bank’s leadership. He has built excellent relationship with the key regulators, clients, investors and has nurtured
a team of diverse, successful and competent senior leaders.
The
Board had approved the appointment of Mr. Sandeep Bakhshi as an Additional Director and Wholetime Director and Chief Operating
Officer of ICICI Bank effective from June 19, 2018 which was subsequently approved by RBI on July 31, 2018 and the Shareholders
of the Bank on September 12, 2018.
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The
Board at its Meeting held on October 4, 2018 had approved the appointment of Mr. Bakhshi as Managing Director & CEO for
a period of five years until October 3, 2023, subject to regulatory and other approvals.
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Disclosure
of relationships between directors
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Mr.
Sandeep Bakhshi is not related to any other director of the Bank.
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We affirm
that Mr. Sandeep Bakhshi is not debarred from holding the office of Director by virtue of any order of Securities and Exchange
Board of India or any other such authority.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorised.
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For
ICICI Bank Limited
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Date:
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October 16, 2018
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By:
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/s/
Vivek Ranjan
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Name :
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Mr.
Vivek Ranjan
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Title :
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Chief Manager
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