MUMBAI - ICICI Bank Limited, one of India's leading private sector banks, disclosed that Mr. Bijith Bhaskar, Head of Cards, Payment Solutions, E-Commerce Ecosystem, Merchant Ecosystem, and Consumer Finance, has resigned from his position. According to the announcement made to the Indian stock exchanges, Mr. Bhaskar will cease to be a part of the bank's senior management from May 18, 2024.
Mr. Bhaskar's departure marks a significant change in the leadership team at ICICI Bank, where he has been involved in overseeing key areas such as card services, payment solutions, and the bank's engagement with the e-commerce and merchant sectors. His role has been pivotal in driving the bank's consumer finance strategies.
The bank has not yet announced a successor or provided details on the transition plan following Mr. Bhaskar's resignation. The announcement comes as part of the bank's compliance with the Indian Listing Regulations, which require timely disclosure of such changes in senior management personnel.
ICICI Bank, headquartered in Mumbai, India, has a significant presence in the Indian banking sector, offering a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and specialized subsidiaries.
The news of Mr. Bhaskar's resignation was reported in a regulatory filing with the Securities and Exchange Commission (SEC) on Monday, May 13, 2024. This filing, known as Form 6-K, is a requirement for foreign issuers listed in the United States to report significant events.
Investors and stakeholders of ICICI Bank will be closely monitoring the impact of this management change and the bank's strategy moving forward. The information in this article is based on a press release statement from ICICI Bank.
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