Prashant Bhushan urges RBI not to extend Bakhshi's ICICI tenure

Public interest lawyer Prashant Bhushan wrote to RBI, urging it to deny a tenure extension to ICICI Bank CEO Sandeep Bakhshi. The bank had sought a two-year extension for Bakhshi in January, deviating from the usual three-year term. Bhushan cited governance lapses, RBI penalties, fraud cases, labour issues and GST-related disputes at ICICI Bank as reasons to oppose the extension.