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Monday, May 23, 2022

India Best CEO: Know who is Sandeep Bakshi who quietly transformed ICICI Bank

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Sandeep Bakshi: When Sandeep Bakshi took over as the MD-CEO of ICICI Bank, there was a crisis in ICICI Bank. People’s confidence in the bank was faltering, investors were worried. Corporate governance issues were dominating. The allegations were made directly against the then CEO Chanda Kochhar. Then in October 2018, the command of ICICI Bank was handed over to Sandeep Bakshi. And in the last three and a half years, he not only brought back the lost credit of ICICI Bank, but also took the banks higher in all parameters of financial performance. Today ICICI Bank is the second largest private bank in the country, which is financially very strong and the bank has sufficient capital.

ICICI Bank is the second largest bank of the country
Sandeep Bakshi was the first to do the work of boosting the morale of the people working with ICICI Bank. The result of which was also seen. At the end of the 2021-22 financial year, the bank’s net profit has increased from Rs 20,220 crore to Rs 25,784 crore. Gross NPAs have come down from Rs 42,702 crore to Rs 34,551 crore. His term has been extended till October 2022.

Rejuvenation of ICICI Bank
ICICI Bank’s turnaround was not an easy task but Sandeep Bakshi’s old experience working with the group proved to be very effective. Sandeep Bakshi has proved to be a savior twice for ICICI Bank. First in 2008, when the Global Financial Crisis engulfed the whole world in the grip of economic recession. After that in 2018 when he was given the command of ICICI Bank. Sandeep Bakshi carried out his work with utmost silence and ICICI Bank continues to climb the ladder of success under his leadership.

With ICICI Group since 1986
Sandeep Bakshi is associated with ICICI Group since 1986. He became MD and CEO of ICICI Lombard General Insurance in April 2002, after that in ICICI Prudential Life Insurance (ICICI-Prudential Life Insurance) from August 2010 to June 2018. .

where did you get your education
Sandeep Bakshi was born on 28 May 1960. 62-year-old Bakshi obtained a degree in mechanical engineering from Punjab Engineering College, Chandigarh. After this he studied management from XLRI – Xavier School of Management, Jamshedpur.

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