ICICI Bank: The Board of Directors of ICICI Life Insurance Limited (ICICI Life), at its meeting held today, took on…
ICICI Bank (ICICIBANK) filed a disclosure titled "The Board of Directors of ICICI Life Insurance Limited (ICICI Life), at its meeting held today, took on record the resignation tendered by Mr. Anup Bagchi as the Managing…". The company is valued at about…
What happened
ICICI Bank (ICICIBANK) filed a disclosure with the exchanges on 2 October 2026 at 05:41 PM titled "The Board of Directors of ICICI Life Insurance Limited (ICICI Life), at its meeting held today, took on record the resignation tendered by Mr. Anup Bagchi as the Managing…".
Company snapshot
ICICI Bank is a large-cap company in the Financial Services sector, with a market value of about ₹9.4 lakh crore.
The stock last traded at ₹1,310.6, against a 52-week range of ₹1,187.6–₹1,480 (11.4% below the high).
Before this filing the shares had moved −8.1% over the month and −6.4% over three months. Average daily turnover over the last 20 sessions was about ₹1,196 crore.
Promoters held 0.00% at the end of Q1 FY27. Foreign institutions owned 49.82% and domestic institutions 42.31%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 74,576 | 13,557.6 | 19.02 |
| Q2 FY26 | 76,147 | 13,357.1 | 18.71 |
| Q3 FY26 | 76,782 | 12,538 | 17.54 |
| Q4 FY26 | 84,614 | 14,755.1 | 20.62 |
| Q1 FY27 | 79,689 | 15,440.1 | 21.54 |
What history shows
This is not the company's first management change disclosure: BCEIE has 4 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 0.3% on average the next trading day and was up 1.6% on average after five days (3 filings with price data).
Across 300 similar disclosures by other Financial Services companies, shares moved −0.1% on average the next day and −0.3% over five days; 49% of them rose the next day.
Market-wide, 3,846 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 18 Jul 2026 | Management change | +1.3% | +0.1% |
| 29 Jun 2026 | Re-appointment of Ms. Vibha Paul Rishi, Independent Director, for a… | −0.6% | +2.0% |
| 1 Jun 2026 | Management change | +0.2% | +2.8% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 17 October 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- ICICI Bank to decide on Bagchi's successor at ICICI Life in 2-3 days
- Mutual Fund Holdings: Axis Bank, ICICI Bank Overowned; Reliance Industries Underowned
- ICICI Bank is top pick for Elara Securities amid strong auto demand outlook
- SENSEX, NIFTY50 decline for second straight session dragged by Reliance, ICICI Bank
- HDFC Bank shares: Valuation gap with ICICI Bank widens; 3 triggers for rerating, target - BusinessToday
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.