Tushaar Shah appointed as ICICI Bank's non-executive Director

By SiliconIndia  |   Friday, 30 April 2010, 10:13 Hrs
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Bangalore: ICICI Bank, one of the private sector banks, has appointed Tushaar Shah as a non-executive Director. His appointment will be effective from May 3, 2010. Shah was formerly Director of the Institute of Rural Management at Anand and is presently senior fellow at the International Water Management Institute. Shah is an expert in issues related to water management, irrigation and other aspects of agriculture and the rural economy. He would hold office up to the date of the next Annual General Meeting, when his appointment would be considered by the shareholders of ICICI Bank.

The Board of Directors has approved the appointment of Rajiv Sabharwal, Senior General Manager as an Executive Director on the Board, subject to the approval of Reserve Bank of India (RBI). His appointment would be effective from the date of RBI's approval. Sabharwal has been a key member of ICICI Bank's retail banking team over the years, and led the Bank to market leadership in the home loans business. He would continue to be responsible for retail banking, reporting to the Managing Director & CEO.

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