ICICI Bank reshuffle: Kochhar to helm intl ops

ICICI Bank today reshuffled the portfolios of its top brass elevating senior
general manager V Vaidyanathan to the rank of executive director,
responsible for retail banking. Chanda Kochhar, Kochhar, deputy managing
director responsible for corporate banking, has been given additional charge
of international banking, while Nachiket Mor, another deputy managing
director, will continue to be responsible for rural banking and global
principal investments and trading. Lalita Gupte, joint managing director
overseeing the bank's international operations will retire on October 31
after serving the financial services group for 35 years.

In a parallel development, Bhargava Dasgupta, senior general manager and
head of international banking group, is being shifted to the bank's life
insurance joint venture ICICI Prudential Life Insurance Company. ICICI Bank
said Dasgupta was being appointed as an executive director of ICICI
Prudential Life to further strengthen the top management of the company as
the life insurance business was growing in scale. Shikha Sharma heads the
life insurance venture.

The bank is also creating a new management grade for key corporate functions
to enable the management to have a group-wide view. The bank's chief
financial officer (CFO), Vishakha Mulye, will now be the group CFO and K
Ramkumar would be the group chief human resources officer and Pravir Vohra
the group chief technology officer. Madhabi Puri-Buch, head of operations at
the bank, will now also be the group corporate brand officer.

Vaidyanathan, who joined ICICI Bank in 2000, has seen the fastest rise to
become a member of the board of the second largest bank. He had joined the
bank in 2000. All other whole-time directors on ICICI bank's board were
elevated to board positions after around 10 years of service.

He, along with Chanda Kochhar, spearheaded the bank's retail foray to make
it the biggest retail bank in India in a very short span. The retail loan
assets of the bank at Rs 1,07,679 crore as on September 30 constitute about
66 per cent of total customer assets. Vaidyanathan will report to K V
Kamath, managing director & CEO of the bank.