Answer:

Introduction:
The Reserve Bank of India (RBI) has approved the re-appointment of Sandeep Bhatra as the Executive Director of ICICI Bank. His term has been extended from December 23, 2023, to December 22, 2025. This decision was made by the RBI after considering Bhatra's performance and contribution to the bank.

Details:
Sandeep Bhatra:
- Sandeep Bhatra is currently serving as the Executive Director of ICICI Bank.
- He has been associated with ICICI Bank for several years and has held various positions within the organization.
- Bhatra has played a significant role in the bank's growth and development.
- His re-appointment as the Executive Director highlights his expertise and leadership skills, which are valuable to the bank.

Approval from RBI:
- The Reserve Bank of India (RBI) is the regulatory authority for banks in India.
- It is responsible for overseeing the functioning of banks and ensuring their compliance with regulations.
- The RBI reviews the performance of bank officials and approves their re-appointment based on their track record and contribution to the bank.
- In the case of Sandeep Bhatra, the RBI has approved his re-appointment as the Executive Director of ICICI Bank.
- This decision reflects the confidence of the RBI in Bhatra's abilities and his ability to contribute to the bank's growth and success.

Term Extension:
- Sandeep Bhatra's term as the Executive Director of ICICI Bank has been extended from December 23, 2023, to December 22, 2025.
- This extension gives Bhatra a longer tenure to continue his work and contribute to the bank's operations.
- With his extensive experience and expertise, Bhatra can provide continuity and stability to the bank's leadership team.
- The term extension also allows Bhatra to implement long-term strategies and drive the bank's growth in the coming years.

Conclusion:
The approval of Sandeep Bhatra's re-appointment as the Executive Director of ICICI Bank by the RBI is a testament to his skills, expertise, and contribution to the bank. His extended term provides stability and continuity to the bank's leadership team, allowing him to continue driving the bank's growth and success.