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ICICI: The CEO-Making Factory Powering India's Financial Sector
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News18•02-10-2026, 11:18
ICICI: The CEO-Making Factory Powering India's Financial Sector
- •ICICI Group has consistently produced top financial leaders, with alumni now heading major institutions like HDFC Bank and Kotak Mahindra Bank.
- •Anup Bagchi, a three-decade ICICI veteran, will lead HDFC Bank, while Anup Kumar Saha, formerly of ICICI Bank, will take the helm at Kotak Mahindra Bank.
- •Prominent ICICI alumni include Shikha Sharma (Axis Bank), V. Vaidyanathan (IDFC FIRST Bank), Madhabi Puri Buch (SEBI), and Sonjoy Chatterjee (Goldman Sachs India Securities).
- •The group's rapid expansion and diverse exposure across retail, corporate, and investment banking, insurance, and wealth management provided executives with invaluable cross-functional experience.
- •This broad experience enabled alumni to transition seamlessly into leadership roles across various financial entities, from banks and NBFCs to global financial institutions and regulatory bodies.
Key Questions Answered
Anup Bagchi was appointed as the MD and CEO of HDFC Bank, while Anup Kumar Saha was named the MD and CEO of Kotak Mahindra Bank.
Anup Bagchi will take charge of HDFC Bank from October 27, 2026, for a three-year term.
ICICI provided executives with broad cross-functional exposure across retail, corporate, and investment banking, insurance, and wealth management during India's financial transformation, producing numerous leaders who head major financial institutions.
