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

Howrah-New Delhi Poorva Express derails near Kanpur
Howrah-New Delhi Poorva Express derails near Kanpur
Howrah-New Delhi Poorva Express derails near Kanpur
Howrah-New Delhi Poorva Express derails near Kanpur
Paranormal investigator Lorraine Warren dies at 92
Paranormal investigator Lorraine Warren dies at 92

Latest Stories

SpiceJet to the rescue: Airline hires 500 employees; first preference to Jet Airways staff
SpiceJet to the rescue: Airline hires 500 employees; first preference to Jet Airways staff
Bank unions write to PM Modi, want government to take over Jet Airways
Bank unions write to PM Modi, want government to take over Jet Airways
Jaypee group apologises to homebuyers; promises to infuse Rs 2,000 crore in pending projects
Jaypee group apologises to homebuyers; promises to infuse Rs 2,000 crore in pending projects
SPONSORED