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Sandeep Bakshi: When Sandeep Bakshi took over because the MD-CEO of ICICI Bank, there was a disaster in ICICI Bank. People’s confidence within the financial institution was faltering, traders have been fearful. Corporate governance points have been dominating. The allegations have been made instantly towards the then CEO Chanda Kochhar. Then in October 2018, the command of ICICI Bank was handed over to Sandeep Bakshi. And within the final three and a half years, he not solely introduced again the misplaced credit score of ICICI Bank, but additionally took the banks greater in all parameters of economic efficiency. Today ICICI Bank is the second largest non-public financial institution within the nation, which is financially very sturdy and the financial institution has enough capital.
ICICI Bank is the second largest financial institution of the nation
Sandeep Bakshi was the primary to do the work of boosting the morale of the folks working with ICICI Bank. The results of which was additionally seen. At the top of the 2021-22 monetary 12 months, the financial institution’s web revenue has elevated 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 time period has been prolonged until October 2022.
Rejuvenation of ICICI Bank
ICICI Bank’s turnaround was not a simple job however Sandeep Bakshi’s previous expertise working with the group proved to be very efficient. Sandeep Bakshi has proved to be a savior twice for ICICI Bank. First in 2008, when the Global Financial Crisis engulfed the entire world within the grip of financial 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 underneath his management.
With ICICI Group since 1986
Sandeep Bakshi is related to ICICI Group since 1986. He grew to become 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. .
the place did you get your training
Sandeep Bakshi was born on 28 May 1960. 62-year-old Bakshi obtained a level in mechanical engineering from Punjab Engineering College, Chandigarh. After this he studied administration from XLRI – Xavier School of Management, Jamshedpur.
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