RBI Approves Pradeep Kumar Sinha as Part-time Chairman of ICICI Bank

RBI Approves Pradeep Kumar Sinha as Part-time Chairman of ICICI Bank
The Reserve Bank of India has approved the appointment of Pradeep Kumar Sinha as the Part-time Chairman of ICICI Bank, effective July 1, 2024. Sinha will take over from G. C. Chaturvedi, who retires as Non-Executive Part-time Chairman on June 30, 2024.
Pradeep Kumar Sinha brings a wealth of experience to his new role. He has served as a Government Nominee Director for several major Public Sector Undertakings, including ONGC, IOCL, HPCL, BPCL, and GAIL. Notably, Sinha spent approximately seven years on the board of Indian Oil Corporation (IOCL) and around six years each on the boards of Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL).
Sinha's extensive career in the Power and Oil and Gas Ministries spans about 15 years. He has held significant positions such as Financial Advisor and Special Secretary in the Ministry of Petroleum and Natural Gas, Secretary of Ports and Shipping, and Secretary of Power. His expertise encompasses the energy, infrastructure, transport, urban development, and finance sectors.
According to ICICI Bank, Sinha joined the Indian Administrative Service (IAS) in 1977 after earning his Master’s degree in Economics from the Delhi School of Economics in 1976. He also holds a Bachelor’s degree in Economics from St. Stephen’s College, Delhi.
During his career, Sinha served in Uttar Pradesh before moving to the Government of India, eventually rising to the esteemed position of Cabinet Secretary. He held this role for more than four years before transitioning to the Prime Minister’s Office, from which he retired in March 2021 after 44 years of continuous public service.
Sinha's extensive background and expertise are expected to significantly benefit ICICI Bank as he steps into his new role. His leadership will be crucial in steering the bank's strategic direction over the next three years.