ICICI Bank names Radhakrishnan Nair as Independent Director

By PTI  
Wednesday, May 2, 2018

Mumbai, May 2 (PTI) ICICI Bank today said its board has appointed Radhakrishnan Nair as an additional (independent) director of the bank for five years.

The appointment is subject to the approval of shareholders, the private sector lender said in a regulatory filing.

Nair (63) is also an independent director of three subsidiaries of the bank - ICICI Prudential Life Insurance Company, ICICI Prudential Trust and ICICI Securities Primary Dealership. He is also a director at several other companies.

The filing further said that Tushaar Shah, non-executive independent director of the bank will complete his tenure of eight years as prescribed under the Banking Regulation Act, 1949 today and will cease to be the Director of the bank effective May 3, 2018.

Nair has around 40 years of experience in the banking industry and in the field of securities and insurance regulation. He started his banking career with Corporation Bank in August 1976.

In July 2005, he became an executive director at market regulator Securities and Exchange Board of India (SEBI). In March 2010, he joined Insurance Regulatory and Development Authority of India (IRDAI) as member (finance and investment). PTI NKD ANS

Related Stories

Israelis get a taste of Carnatic music, vocalist Aruna gets standing ovation
Israelis get a taste of Carnatic music, vocalist Aruna gets standing ovation
India a tough trade negotiator says Trump at WH Diwali celebrations
India a tough trade negotiator says Trump at WH Diwali celebrations
New Amazon HQ split between New York, Washington suburbs
New Amazon HQ split between New York, Washington suburbs

Latest Stories

OnePlus 6T: A winner all the way
OnePlus 6T: A winner all the way
Delay dogs IBC; 238 cases cross time limit
Delay dogs IBC; 238 cases cross time limit
How US mid-term poll outcome will impact Indian IT and pharma sectors
How US mid-term poll outcome will impact Indian IT and pharma sectors
SPONSORED