ICICI Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on June 09, 2015, has approved the appointment of Mr. M. K. Sharma as the non-executive Chairman of the Board for a period of five years, in place of Mr. 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 July 01, 2015 or the date of receipt of RBI approval, whichever is later.<BR><BR>In this regard, the Bank has submitted to BSE a copy of Press Release dated June 09, 2015, titled "Appointment of non-executive Chairman".
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