ICICI Bank's ED Ramkumar Retires
Mumbai: K Ramkumar, executive director and member of the board at ICICI Bank, has taken voluntary retirement from the Mumbai-based lender after a 15year stint, the bank said in a statement. Ramkumar, the former head of human resources at the lender was currently in charge of operations and president of the bank’s non-profit ICICI Foundation. “Ramkumar has opted for early retirement to pursue his personal interests in the area of leadership consulting, research and training,” the bank said.
He will be replaced on the bank’s board by another ICICI veteran Vijay Chandok who has been appointed as executive director subject to regulatory approvals.
Chandok joined ICICI in 1993 and has been with the lender for 23 years in different roles in corporate banking, project finance, retail assets, rural and inclusive banking, the bank said.
He is currently, in charge of SME (small and medium enterprises) and international banking at ICICI. Chandok is likely to be in charge of commercial banking, SME and international banking.
He will join Rajeev Sabharwal (in charge of retail banking), Vishakha Mulye (in charge of wholesale banking) and NS Kannan (in charge of finance and treasury) as the fourth executive director on the bank’s board.