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ICICI Bank Ltd.

ICICI Bank Ltd.

Sector: National Commercial Banks Region: India


: | Bombay Stock Exchange: 532174 | New York Stock Exchange: IBN | Frankfurt Stock Exchange: ICBA


Similar to: Barclays Plc, Deutsche Pfandbriefbank AG, Cullen/Frost Bankers, Inc.

ICICI Bank Ltd. offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialized subsidiaries in the areas of commercial banking, retail banking, life and non-life insurance, project and corporate finance, working capital finance, venture capital and private equity, investment banking, asset management, broking and treasury products and services. The company operates through four segments: Retail Banking, Wholesale Banking, Treasury and Other Banking. The Retail Banking segment includes exposures of the bank, which satisfy the four qualifying criteria of regulatory retail portfolio as stipulated by the RBI guidelines on the Basel II framework. The Wholesale Banking segment includes all advances to trusts, partnership firms, companies and statutory bodies, by the bank which are not included in the Retail Banking segment, as per the RBI guidelines for the bank. The Treasury segment includes the entire investment portfolio of the bank. The Other Banking segment includes leasing operations and other items not attributable to any particular business segment of the bank. ICICI Bank was founded on January 5, 1994 and is headquartered in Mumbai, India.

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Chanda Kochhar, MD & CEO - ICICI Bank at the ICICI Group flag unveiling

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Chanda Kochhar, MD & CEO - ICICI Bank at the ICICI Group flag unveiling

Executives

Ms. Chanda Kochhar, Managing Director and Chief Executive Officer
Ms. Chanda Kochhar is the Managing Director and Chief Executive Officer of ICICI Bank Limited, India's second-largest bank and the largest in the private sector. She is widely recognised for her role in shaping the retail banking sector in India and for her leadership of the ICICI Group, as well as her contributions to various forums in India and globally.

Ms. Kochhar began her career, with erstwhile ICICI Limited in 1984 and was elevated to the Board of Directors of ICICI Bank in 2001. She was instrumental in establishing ICICI Bank during the 1990s, and subsequently headed the infrastructure finance and corporate banking business in ICICI Limited. In 2000, she took on the challenge of building the nascent retail business, with strong focus on technology, innovation, process reengineering and expansion of distribution and scale. The Bank achieved a leadership position in this business. During 2006-2007, she successfully led the Bank's corporate and international banking businesses during a period of heightened activity and global expansion by Indian companies. From 2007 to 2009, she was the Joint Managing Director & Chief Financial Officer during a critical period of rapid change in the global financial landscape. She was elevated as Managing Director & CEO of ICICI Bank in 2009 and is responsible for the Bank's diverse operations in India and overseas. She also chairs the boards of the Bank's principal subsidiaries, which include India's leading private sector life and general insurance companies.

In addition to her responsibilities at the ICICI Group, Ms. Kochhar is a member of the Prime Minister's Council on Trade & Industry, the Board of Trade, High-Level Committee on Financing Infrastructure, US-India CEO Forum and UK-India CEO Forum. She is a member of the boards of the Indian Council for Research on International Economic Relations, National Institute of Securities Markets, Institute of International Finance and International Monetary Conference. She was co-chair of the World Economic Forum's Annual Meeting in 2011.

She was conferred with the Padma Bhushan, one of India's highest civilian honours, in 2011.
Mr. N. S. Kannan, Executive Director & CFO
Mr. N.S. Kannan is the Executive Director and Chief Financial Officer of ICICI Bank. His responsibilities include Finance, Treasury, Commercial Banking, Corporate Legal, Risk Management, Secretarial, Corporate Communications and Corporate Branding. He also has the responsibility for day to day administration of the Compliance and Internal Audit functions. Prior to his current assignment at ICICI Bank, Mr. Kannan was the Executive Director of ICICI Prudential Life Insurance Company. Earlier, Mr. Kannan was the Chief Financial Officer and Treasurer of ICICI Bank.

Mr. Kannan has been with the ICICI group for about 22 years. He joined the group as a project officer. During his tenure at the ICICI group he has also handled project finance operations, infrastructure financing, structured finance and treasury operations.

Mr. Kannan is a postgraduate in management from the Indian Institute of Management, Bangalore with a gold medal for best all-round performance. He is also a Chartered Financial Analyst from the Institute of Chartered Financial Analysts of India and an Honours graduate in Mechanical Engineering.

In 2013, Mr. Kannan was awarded the Best CFO in the Indian banking/financial services sector at CNBC TV 18 CFO Awards for the second consecutive year in a row.
Mr. K. Ramkumar, Executive Director, ICICI Bank Limited
Mr. K. Ramkumar, Executive Director on the Board of ICICI Bank is responsible for Human Resources, Customer Service & Operations.

Mr. Ramkumar has completed his Post Graduate Diploma in Personnel Management from Madras School of Social Work in 1984 and BSc Chemistry in 1982. He has joined the Board of Directors with effect from February 1, 2009.

Prior to joining ICICI Bank in 2001, Mr. Ramkumar has served companies such as Hindustan Aeronautics, Brookebond Lipton India Limited (now Hindustan Unilever Limited) and ICI India Ltd. His work in these companies has mainly been in the areas of Human Resources Management and Manufacturing.

At ICICI Bank Mr. Ramkumar is responsible for Human Resource function, Customer service, Managing Service Quality and Innovation, Leadership Development, Succession Management, building a supply chain for the Bank's human resources requirements and leveraging technology to innovate, sales & service for the customers and care for the employees for the future are his passion. Institute for Finance, Banking & Insurance and ICICI Manipal Academy for Banking & Insurance were conceived and nurtured by him. The partnership Initiatives with SEBI - National Institute for securities management and with NIIT - the NIIT University, were also nurtured by him. He leads the service quality and the innovation drive for the Bank. During the last 3 years his major mandate has been to drive the culture change in ICICI and make the Khayaal Aapka and Saath Aapka promises come alive to the customers and the employees respectively.
Mr. Rajiv Sabharwal, Executive Director, ICICI Bank Limited
Mr. Rajiv Sabharwal is the Executive Director on the board of ICICI Bank. He is responsible for Retail Banking, Inclusive & Rural Banking and SME & mid-corporate business. He is also the Non-executive Chairman of ICICI Home Finance Company Limited.

Mr. Sabharwal has done his Mechanical Engineering from Indian Institute of Technology Delhi and Management from Indian Institute of Management Lucknow.

He has over 18 years of experience in the Banking/Financial Services industry. He joined ICICI Group in 1998 and has held leadership positions in credit policy, collections, business analytics, mortgage finance, consumer loans, credit cards, rural and microfinance lending and financial inclusion. His contribution in the growth of mortgage and retail business is widely acknowledged in the industry circles and within ICICI group. He also has considerable knowledge relating to the securities and portfolio management business segments as he has been on the investment advisory committee of ICICI Prudential Asset Management Company's Real Estate Portfolios since 2007.

Prior to joining ICICI Group, Mr. Sabharwal has worked in the Consumer Durables Marketing, Commercial Finance and Retail Finance businesses at Godrej, SRF Finance and GE Capital. In January 2009 he joined Sequoia Capital, a leading venture/growth capital company and worked as Operating Partner focusing on the financial services sector. There he led new investment decisions as well as represented Sequoia at the board in existing investments.

He then rejoined ICICI Bank Limited from April 2010.
Mr. K. V. Kamath, Chairman, ICICI Bank Limited
Mr. K. Vaman Kamath is the non-executive Chairman of the Board of Directors of ICICI Bank. He has a degree in mechanical engineering and did his management studies at the Indian Institute of Management, Ahmedabad.

Mr. Kamath started his career in 1971 at ICICI, an Indian financial institution that founded ICICI Bank and merged with it in 2002. In 1988, he moved to the Asian Development Bank and spent several years in South-East Asia before returning to ICICI as its Managing Director & CEO in 1996. Under his leadership, the ICICI Group transformed itself into a diversified, technology-driven financial services group that has leadership positions across banking, insurance and asset management in India, and an international presence. He retired as Managing Director & CEO in April 2009, and took up his present position as non-executive Chairman.

Mr. Kamath joined the Board of Infosys in May 2009 and took over as Chairman of the Board in August 2011. He stepped down as Chairman of the Board of Infosys and took up the position of Lead Independent Director effective June 1, 2013.

Mr. Kamath was conferred with the Padma Bhushan, one of India's highest civilian honours, in 2008. He has received widespread recognition internationally and in India, including being named "Businessman of the Year" by Forbes Asia and "Business Leader of the Year" by The Economic Times, India in 2007 and CNBC's "Asian Business Leader of the Year" in 2001. Mr. Kamath was the President of the Confederation of Indian Industry for the year 2008-09. He is also an independent Director on the Board of Directors of Schlumberger Limited. He has been a co-chair of the World Economic Forum's Annual Meeting in Davos.

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