ICICI Bank , one of India's leading private sector banks, has announced significant changes to its senior management team, as approved by the Board of Directors in a meeting held on September 19, 2025.

New Appointments

The Board has approved the inclusion of two new executives in the category of senior management personnel (SMP), effective October 1, 2025:

1. Samit Upadhyay: A Chartered Accountant and Actuary with over two decades of experience in the insurance sector. Upadhyay's career includes notable stints at prominent insurance companies such as Tata AIA Life Insurance, HDFC Standard Life Insurance, and ICICI Prudential Life Insurance.

2. Sachin Garg: A Chartered Accountant bringing more than 20 years of diverse experience to ICICI Bank. Garg's professional background includes roles at organizations like Genpact and Bharat Sanchar Nigam Limited (BSNL).

Retirement

The bank also announced that Atul Arora, currently serving as a senior management personnel, will superannuate from the services of ICICI Bank on September 30, 2025. Consequently, Arora will cease to be an SMP effective October 1, 2025.

Board Meeting Details

The decision was made during a Board meeting that commenced at 9:30 a.m. and concluded at 3:25 p.m. on September 19, 2025. The appointments were based on recommendations from the Board Governance, Remuneration & Nomination Committee.

These management changes reflect ICICI Bank's ongoing efforts to strengthen its leadership team with experienced professionals from diverse backgrounds. The inclusion of Upadhyay and Garg, with their extensive experience in insurance, finance, and telecommunications sectors, is expected to bring fresh perspectives to the bank's senior management.

As ICICI Bank continues to evolve in the dynamic banking landscape, these strategic appointments may play a crucial role in shaping the bank's future direction and maintaining its competitive edge in the market.

ICICI Bank , one of India's leading private sector banks, recently witnessed significant market activity and corporate actions. Here's a breakdown of the latest developments:

Major Block Trade Executed

A substantial block trade involving ICICI Bank shares was executed on the National Stock Exchange (NSE), highlighting investor interest in the banking giant. The key details of the transaction are as follows:

This large-scale transaction, involving over 6.32 lakh shares, demonstrates continued market activity in ICICI Bank's stock. Block trades of this magnitude are often indicative of institutional investor movements or significant stakeholder changes.

Recent Equity Share Allotment

In a separate development, ICICI Bank has recently undertaken an equity share allotment. According to the latest corporate filing:

• The bank allotted 39,204 equity shares.
• These shares have a face value of Rs. 2 each.
• The allotment was made under the ICICI Bank Employees Stock Unit Scheme-2022.
• The approval for this allotment was granted by two Executive Directors at 11:20 a.m.

This equity allotment, while relatively small in scale compared to the block trade, is part of the bank's ongoing employee stock ownership program. Such initiatives are often aimed at aligning employee interests with those of the company and its shareholders.

The recent block trade and equity allotment reflect the dynamic nature of ICICI Bank's market presence and its continued focus on employee engagement through stock-based incentives. As one of India's largest private sector banks, ICICI Bank continues to be a focal point for investors and market watchers alike.