ICICI Bank added that Bhatia is not related to any director of the bank and is not debarred from holding the office of director by any order of the Securities and Exchange Board of India (SEBI) or any other authority.
Bhatia served as a Whole Time Member at SEBI from June 2022 to May 2025, where he oversaw departments including debt and hybrid securities, alternative investment funds, foreign portfolio investors, market intermediaries regulation and supervision, corporation finance investigations, and investor assistance and education.
Prior to joining SEBI, Bhatia spent nearly 37 years with the State Bank Group after joining as a probationary officer in 1985.He retired as Managing Director of State Bank of India and had earlier served as Managing Director and CEO of SBI Funds Management Ltd.
His experience spans treasury operations, retail banking, credit, investment banking and asset management.
Bhatia holds a Bachelor of Science degree in Physics and Mathematics from Dayalbagh University, Agra, and an MBA from Podar Institute of Management, Jaipur.
Shares of ICICI Bank Ltd closed at ₹1,238.60 on the NSE on June 1, down 1.42% or ₹17.80 from the previous close.
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