MUMBAI - ICICI Bank Limited (NYSE:IBN), one of India's leading private banks, announced the appointment of Mr. Rajendra Khandelwal as the new Group Chief Internal Auditor (GCIA), effective June 1, 2024. The appointment was confirmed during the bank's Board of Directors meeting held today.
Mr. Khandelwal, who will step into the role for a three-year term until May 31, 2027, or until his date of superannuation, whichever occurs first, is set to replace Mr. Anish Madhavan. Madhavan's term as GCIA concludes on May 31, 2024, but he will continue to serve as a senior managerial personnel within the bank.
Bringing nearly three decades of banking and finance experience to the table, Mr. Khandelwal is a distinguished Chartered Accountant and has been with ICICI Bank since October 4, 1995. His tenure at the bank has seen him hold various key positions within the Finance function, including responsibilities in taxation, planning, wholesale banking planning, operating expense management, and accounts. Prior to his new appointment, he served as the Chief Accountant, overseeing the financial accounting and reporting functions of the bank.
This strategic appointment is part of ICICI Bank's commitment to maintaining robust internal audit practices and ensuring compliance with regulatory standards. The bank has communicated this leadership transition to the Indian stock exchanges in adherence to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The information contained in this article is based on a press release statement provided by ICICI Bank Limited.
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