Mumbai, Maharashtra, India, August 2025 — Anish Madhavan has been elevated as Group Chief Compliance Officer (GCCO) at ICICI Bank, succeeding Subir Saha, who opted for early retirement. With over 24 years of service at ICICI Bank, Anish has been a cornerstone of the institution’s governance, risk, and compliance frameworks, making this elevation both timely and strategic. His new mandate comes at a critical juncture when the GCCO role is as pivotal as the CEO and CFO in navigating global regulatory standards and rising scrutiny in the Indian banking sector.
Most recently, Anish Madhavan served as Head – Cards, Payment & Merchant Ecosystem at ICICI Bank, a role he has held since 2024. His leadership here strengthened ICICI’s presence in the digital payments and merchant ecosystem, expanding services in one of the most competitive and high-growth segments of Indian banking.
Prior to that, he was Group Chief Internal Auditor & Head – Financial Crime Prevention for about three years, where he oversaw audit governance and advanced the bank’s frameworks against financial crime, enhancing controls to safeguard institutional trust and resilience.
Earlier, Anish was Head – Compliance for over two decades, guiding the bank through regulatory transformations, evolving governance structures, and embedding compliance across diverse businesses. His contributions included aligning ICICI Bank with emerging global standards, fostering a culture of accountability, and ensuring robust oversight.
Before joining ICICI Bank in 2001, he gained foundational experience in financial services with ORIX Auto Finance (I) Ltd. as Manager for more than three years and at Anik Financial Services Pvt. Ltd. as Executive, where he built early expertise in risk management and financial operations.
About ICICI Bank
ICICI Bank is one of India’s leading private sector banks, offering a wide portfolio of products and services to retail, SME, and corporate customers. As of December 31, 2024, the bank operates through 6,742 branches and 16,277 ATMs and cash recycling machines across India, while also providing multi-channel access through digital and mobile platforms. Known for innovation, governance, and trust, ICICI Bank continues to shape India’s banking landscape.
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