The new chairman assumes his role at perhaps one of the most challenging times for both the company and the industry.
'When growth is ignited, as it has been in India it continues for a long time, as long as 20 to 25 years! The last case was China, and before that Japan. I do hope this happens with us, says ICIC Bank chief executive officer K V Kamath.
The banking star will appear on Rediff Chat on August 8 at 10.30 a.m.
Kamath's success is the envy of bankers everywhere, but his feat of taking a small bank and turning it into the country's second largest lender is hard to match.
Kundapur Vaman Kamath, managing director and chief executive officer of ICICI Bank, has been chosen Business Standard's Banker of the Year for 2005-06.
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.
The activity taking place in the SME sector is phenomenal. I think we are seeing a new breed of entrepreneurs, says ICICI Bank CEO K V Kamath.
Under KV Kamath's leadership, ICICI Bank's revenues grew multi-fold.
Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.
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