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Sandeep Bakhshi

Managing Director & CEO, ICICI Bank Limited

Search every verified Sandeep Bakhshi interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Sandeep Bakhshi, Managing Director and CEO of ICICI Bank, discussed the bank's financial performance in April 2023 following the announcement of its Q4 FY23 results. He reported a 27.64 percent jump in consolidated net profit to ₹9,852.70 crore for the January-March quarter, with standalone net profit rising nearly 30 percent to ₹9,121.87 crore. Bakhshi noted that the domestic net interest margin crossed five percent, an all-time high, and highlighted improvements in asset quality, with gross non-performing assets declining to 2.81 percent and net NPAs to 0.48 percent. He attributed growth in SME and business banking portfolios to leveraging the branch network and digital offerings such as InstaBEZ and Merchant Stack, and stated that the bank sees opportunities for risk-calibrated growth through its focus on customer 360 and digital initiatives. In an earlier appearance from October 2018, Bakhshi addressed the bank's Q2 results, reporting a marked improvement in asset quality with net NPAs at 3.65 percent, down from 4.19 percent in the previous quarter. He noted that gross non-performing assets stood at ₹54,400 crore as of September 30, 2018, and that the provision coverage ratio, excluding technical write-offs, increased by 480 basis points sequentially to 58.9 percent. He also discussed exposure to a group involved in infrastructure financing and EPC businesses, stating that the internal rating of one company was downgraded to double B and below during Q2 2019, and that lending to NBFCs and HFCs was about 5.4 percent of outstanding loans, focused on well-rated entities with appropriate risk assessment.

Recent appearances

  • ICICI Bank's Q4 Consolidated Net Up By 27% To ₹9,852.7 Crore : Sandeep Bakhshi Exclusive

    April 23, 2023 · 📺 CNBC-TV18

    Private lender ICICI Bank on Saturday reported a 27.64 per cent jump in consolidated net profit to ₹9,852.70 crore for the January-March quarter of 2022-23 compared to the year ago period. On a standalone basis, the largest private sector lender reported a nearly 30 per cent jump in its net profit for the March quarter at ₹9,121.87 crore. Its total income moved up to ₹36,108.88 crore in the reporting quarter, as against ₹27,412.32 crore in the year-ago period, while the overall expenses moved up to ₹22,282.50 crore from ₹17,119.38 crore in the year-ago period. The share of gross non-perform…

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  • Sandeep Bakhshi of ICICI Bank speaks on Q2 results | Earnings with ET Now

    October 28, 2018 · 📺 ET Now

    ICICI Bank reported string turnaround on the asset quality front in the second quarter. The private lenders also reported net NPS at 3.65 % vs the earlier 4.19% just in the previous quarter. ICICI Bank's MD & CEO Sandeep Bakhshi of ICICI Bank speaks on Q2 results | Earnings with ET Now Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple…

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  • ICICI Prudential CEO Sandeep Bakhshi's inspirational speech at Shoolini Univ

    March 26, 2017 · 📺 Shoolini University

    Shoolini University's first MBA Graduation ceremony was held on 25th March, 2017.

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The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →