ICICI Bank has announced a leadership change in its compliance function. Subir Saha, Group Chief Compliance Officer (GCCO) of ICICI Bank, has taken early retirement. His retirement takes effect from the close of business hours on 28 August 2025.. As a result, he will also no longer be a part of the Bank’s senior management from that date.
Following this, the Bank’s Board has appointed Anish Madhavan, a current member of the senior management team and designated Senior Management Personnel (SMP), as the new Group Chief Compliance Officer (GCCO) effective 29 August 2025.
As GCCO, Anish Madhavan will now be responsible for overseeing the Bank’s compliance with regulatory requirements, internal policies, and risk management practices. This change reflects a smooth transition in leadership, ensuring continuity in the Bank’s compliance operations.