The nominations committee of the board had earlier recommended Kamath's induction as an additional director. Kamath, at the end of April 2009, stepped down as CMD of ICICI Bank and is now the non-executive chairman.
Seshasayee has been an independent director on the company's board since January 2011.
The 26 sectors specified by the RBI include automobiles, power, tourism, cement, chemicals, gems and jewellery, logistic, mining, manufacturing, real estate, and shipping among others.
Prime Minister Narendra Modi has said he is willing to discard old ideas and embrace new ones as long as they fit into his essential ideology of 'nation first'.
Technology is rapidly reshaping industries that have long been rooted in tradition, driving a wave of innovation that is transforming everything from finance, banking, steel to manufacturing.
When its founder, Raghunandan Kamath, took a calculated risk, his Bollywood customers backed him all the way, say Rohith Potti and Pooja Bhula.
Veteran journalist and former Prasar Bharati Chairman Madhav Vittal Kamath died at a private hospital in Manipal on Friday. He was 93.
The valuation of the Reliance empire by ICICI Bank chairman and an Ambani family friend, K V Kamath is complete, setting the stage for a possible settlement of ownership issues between the warring brothers, Mukesh and Anil.
Sameer Kamath, a US citizen, was found dead in the woods on February 5 at approximately 5pm in NICHES Land Trust - Crow's Grove in Williamsport, Indiana.
Leading brokerages have revised their charges with the true-to-label norms by the Securities and Exchange Board of India (Sebi) kicking in from Tuesday.
On Monday, the Indian women's team comprising Manika, Sreeja and Archana had prevailed over higher-ranked Romania 3-2 in a thrilling tie to enter the quarter-finals.
'Degrees get you into the room, it is the attitude that counts,' says adman Madhukar Kamath.
Karnataka to face Services in men's doubles tennis final
The Supreme Court on Thursday ordered setting up of a six-member committee headed by former apex court judge Justice A M Sapre to investigate the recent Adani group shares crash triggered by the Hindenburg Research's fraud allegations and other regulatory aspects related to stock markets.
Asked if banks would hike their lending rates following the Reserve Bank raising its short-term key rates, Kamath said it depends upon several issues and each bank would take a call.
'Many were caught in a burnout race, chasing unsustainable growth without innovating.'
"I expect that the economy will grow at a minimum of eight per cent in FY 10 and then may get on to the targeted growth of 9 and 10 per cent (in the coming years)," ICICI Bank chairman K V Kamath said at a meeting in Mumbai. Domestic consumption and investment would continue to drive the Indian economy, Kamath said, adding that the country would be on a high-growth trajectory in the next 15-20 years.
When Kamath took over the organisation, ICICI had 33 subsidiaries. He gradually brought them down to 24 and then to a dozen, preparing the organisation for an initial public offer in December 2005.
Veteran Sharath Kamal and world no. 24 Manika Batra will lead the Indian men's and women's squads respectively at the Paris Games, where the country will make its Olympic debut in team events.
The CII perception of Indian economy is strong as incremental capital-output ratio at 4-fares is better than China and Brazil, the ICICI chief said.
As Archana navigates her new path, her time as a top athlete continues to shape her perspective and inspire others.
ICICI Bank chief executive officer and MD K V Kamath on Tuesday said that there is no need to alter interest rates since the demand for credit is not high.
India's premier software services company, Infosys Limited, has reached out to its banker, the non-executive chairman of ICICI Bank, K V Kamath, to step into the shoes of its founder N R Narayana Murthy.
ICICI Bank chief K V Kamath today said interest rates in the country were "moderating" but could put pressure on the economy if they rise further.
The banking star will appear on Rediff Chat on August 8 at 10.30 a.m.
K V Kamath says he can never step into Narayana Murthy's rather large shoes, but would do his best to ensure Infosys continues to adhere to the highest standards of corporate governance.
KV Kamath has had a tough journey so far.
When the fire drills of the day begin to sap your time, focus on the 80:20 rule.
Many enter this arena without a detailed understanding of how their algo works.' 'Diligently review information on the strategy, risk profile, potential losses, and expected gains before investing.'
Given the extremely good liquidity situation in the economy, interest rates are likely to remain stable in the next six months, K V Kamath, managing director and CEO, ICICI Bank said.
Manika Batra led from the front as India prevailed over higher-ranked Romania 3-2 in a thrilling tie
National champion Harmeet Desai, ranked 86th in the world in men's singles, is seeded 49th. He will make his Olympic debut.
After news of KV Kamath stepping down as the non-executive chairman, Infosys is on the hunt for filling up the post.
Slow growth over several quarters has drawn criticism from various stakeholders including the shareholders.
Shares of brokerages and market infrastructure institutions (MIIs) witnessed heavy selling pressure following the Securities and Exchange Board of India's (Sebi's) pivot to a uniform fee structure, which analysts fear could dent revenues. Discount brokerages, which currently benefit from a spread between client charges and exchange fees, are expected to be most affected. Shares of Angel One, the third-largest brokerage by active clients, fell 8.7 per cent. Groww and Zerodha, the largest brokerages, are not publicly listed.
The chairman of the country's largest private sector bank felt 80 per cent of the consumer loans were back, the remaining 20 per cent mostly unsecured loans had taken a back seat.
Responding to charges of cartelisation against the industry, newly-elected CII president K V Kamath on Thursday said corporates must ask themselves whether their actions in a demand-driven market was causing distress to others.
Asked if there was a timeline to see a turnaround at Infosys, Kamath said the country's second largest software services firm was a profitable company.
