Mukherjee on Srei Cap board
Kolkata: J.L.Mukherjee has been inducted on the board of Srei Capital Markets Ltd, a subsidiary of Srei International Finance.

He has been designated as executive director. According to a release by the company, Mukherjee will oversee the entire merchant banking business.
Back to News Review index page  

7 directors inducted in ICICI Bank board
Mumbai: The ICICI Bank board has approved the appointment of seven directors of ICICI on the board.

The board has also approved the appointment of KV Kamath and Lalitha Gupte, as managing director and deputy managing director, respectively. Following the fresh inductions the strength of the ICICI Bank board has increased to 17.

The board has also approved the redesignation of HN Sinor, managing director of the bank as the joint managing director. Two executive directors of ICICI Kalapan Morparia and S Mukherjee have also been taken on board the bank as executive director.

ICICI Board has 16 members of which four Kamath, Gupte, Vaghul are already on the board of the bank. Four others could not be nominated for regulatory reasons.

NR Narayan Murthy and Ashok Ganguly are on board of the Reserve Bank of India and cannot participate on the boards of any commercial bank.

BK Jhavar of the Usha Group and Rakesh Khurana were also not nominated on account of the banks exposure to companies they are associated with.

The directors of ICICI who have moved on to ICICI Bank are: R Seshasayee, Nanaging Director, Ashok Leyland, D Sengputa, Chairman, General Insurance Corporation of India, Marty Subramaniam, LN Mittal, Chairman LN Mittal group, and Anupam Puri.

The other existing board members of ICICI Bank are HN Sinor, Chanda Kochar, Uday Chitale, Satish Jha, Somesh Sathe, PM Sinha, and Nachiket Mor.
Back to News Review index page