Pradeep Kumar Sinha ICICI Bank:The Reserve Bank of India has approved the appointment of Pradeep Kumar Sinha as the Non-executive Part-time Chairman of ICICI Bank for three years with effect from July 1, 2024.
“This is further to the disclosure filed by ICICI Bank Limited (the Bank) on February 17, 2024 intimating the appointment of Mr. Pradeep Kumar Sinha (DIN: 00145126) as the Nonexecutive Part-time Chairman with effect from July 1, 2024 or the date of approval from RBI, whichever is later in the vacancy that would be caused by the retirement of Mr. G. C. Chaturvedi (DIN: 00110996) on June 30, 2024,” informed the private lender in an exchange filing on May 24, Friday.
Sinha will succeed G. C. Chaturvedi, who is set to retire as the Non-Executive Part-time Chairman on June 30, 2024, at the close of business hours.
“RBI has, vide its letter dated May 24, 2024, approved the appointment of Mr. Pradeep Kumar Sinha as Part-time Chairman of the Bank for a period of three years with effect from July 1, 2024,” the bank added in the statement.
Who is Pradeep Kumar Sinha?
Pradeep Kumar Sinha joined the Indian Administrative Service in 1977 after completing his Masters in Economics from the Delhi School of Economics in 1976. He had graduated in Economics (Honours) from St. Stephens College, Delhi, as per ICICI Bank’s website.
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While in service, he completed M. Phil in Social Sciences in 1991 and was a Visiting Fellow in University of Oxford during 1999. He has also attended prestigious programmes, such as, on ‘Mergers and Acquisitions’ in University of Stanford and on ‘Leaders in Development’ in Harvard University.
He served in Uttar Pradesh, whereafter he served mostly in the Government of India and rose to the highest position of Cabinet Secretary, the head of civil services. He served as the Cabinet Secretary for more than four years before moving to the Prime Minister’s Office (PMO). He retired from there in March 2021 after 44 years of continuous service to the nation.
In the Government of India, he worked mostly in Power and Oil & Gas (Petroleum) Ministries for about 15 years. Other notable positions held in under the Government of India include – Financial Advisor and Special Secretary, Petroleum and Natural Gas; Secretary, Ports and Shipping; and Secretary, Power.
Sinha has been a Government Nominee Director in numerous major Public Sector Undertakings (PSU) like ONGC, IOCL, HPCL, BPCL, GAIL, etc. In particular, he was on the Board of Indian Oil Corporation (IOCL) for about seven years at a stretch and BPCL and HPCL for about six years each.
By virtue of his experience, he has developed expertise in the sectors of Energy, Infrastructure, Transport, Urban Development and Finance.
