Board of ICICI Bank approves appointment of non-executive Chairman

At meeting held on 09 June 2015

ICICI Bank announced that the Board of Directors of the Bank at its meeting held on 09 June 2015, has approved the appointment of M. K. Sharma as the non-executive Chairman of the Board for a period of five years, in place of K. V. Kamath who would shortly step down from the Board consequent to his nomination as the first President of the New Development Bank being established by the BRICS nations.

The appointment is subject to the prior approval of Reserve Bank of India (RBI), other regulatory approvals and would be effective 01 July 2015 or the date of receipt of RBI approval, whichever is later.

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