ICICI Bank has appointed Ashawani Bhatia as an additional (independent) director, for a term commencing from June 1, 2026 to May 31, 2031. The appointment remains subject to the approval of shareholders.
“The Board of Directors of ICICI Bank Limited (the Bank) have, vide, resolution passed by circulation today at 1:51 p.m. approved the appointment of Mr. Ashwani Bhatia (DIN : 07423221) as an Additional (Independent) Director, for a term commencing from June 1, 2026 to May 31, 2031, subject to the approval of shareholders,” noted ICICI Bank in an exchange filing.
Bhatia is a financial markets and banking professional and comes with over 40 years of experience across diverse roles. He holds wide experience in treasury operations, retail banking, credit, investment banking and asset management.
Bhatia served as a Whole Time Member at Securities & Exchange Board of India (SEBI) from June 2022 to May 2025 and was responsible for the Department of Debt and Hybrid Securities, Alternative Investment Fund and Foreign Portfolio Investors Department, Market Intermediaries Regulation and Supervision Department, Corporation Finance Investigation Department and Office of Investor Assistance & Education.
Prior to joining SEBI, Bhatia was associated for 37 years with the State Bank Group. He held leadership responsibilities across various functions and businesses in SBI and its subsidiaries and retired as the Managing Director of SBI. Prior to becoming the MD, Bhatia has also served as the Managing Director & CEO of SBI Funds Management.
“Mr. Bhatia is not related to any Director of the Bank. We affirm that Mr. Bhatia 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,” said ICICI Bank.
