While Mr Bakhshi presented last quarterly results at ICICIBC, the upcoming results announcement now becomes much more important as it will provide much-needed clarity on the banks performance and the revised business strategy under the new leadership. We believe that the development has raised hopes of a quicker turnaround in the banks earnings/business performance. Mr Bakhshi has been associated with ICICI Group for 32 years and also served as CEO at two well-performing subsidiaries ICICI Prudential Life and ICICI Lombard early in his career. Under the leadership of Ms Kochhar, ICICIBC had shared its strategy to achieve 15% consolidated RoE by Jun-20 and a net NPL ratio of <1.5% by Mar-20. Mr. Bakhshi started his career with ICICI Ltd. in 1986 and has worked across different functions/businesses of ICICI Group. Prior to this role, Mr Bakhshi was Deputy MD of ICICI Bank.