KV Kamath

Kamath praises new FM

Kamath praises new FMK. V. Kamath, who is ICICI Bank non-executive chairman as well as the chairman of IT major Infosys, has praised the new finance minister P. Chidambaram.

He said that the Finance ministry is in good hands as Prime Minister Manmohan Singh, who took charge of the ministry after the resignation of then finance minister Pranab Mukherjee for Presidential elections, is set to appoint Chidambaram as the new finance minister of the country.

"The industry needs clarity and policy stability, not concessions. Lack of reforms are not holding back growth. We need to focus on removing bottlenecks," said Mr. Kamath.

Mukesh Ambani expects Indian economy to reach $5 trillion

Chairman of India's leading conglomerate Reliance Industries, Mukesh Ambani is highly optimistic about economic growth in India. In a recent conference, he gave his opinion about the future and Indian economy and said Indian economy would reach a whooping $5 trillion mark by 2022-2025.

ICICI Bank chairman, K V Kamath has also positive thoughts about Indian economy. He also said India would be $5 trillion economy by 2022. These business leaders, among others, gathered at Institute of International Finance (IIF) to attend a discussion.

Speaking at the discussion meeting, Mukesh Ambani said, "India will be a USD 5 trillion economy by 2022-25. There can be a debate whether it would 2022 or 2025."

Kochhar All Set To Become CEO Of ICICI Bank From April 2009

Kochhar All Set To Become CEO Of ICICI Bank From April 2009K.V. Kamath, managing director and CEO, ICICI Bank, will hand over charge to joint managing director and chief financial officer Chanda Kochhar, in what is being seen as a smooth change of guard in the country's largest private sector bank.

The change will be with effect from April 30, 2009.

Kamath will take over as the non-executive chairman of the board from N.Vaghul, who is designated to retire on April 30, next year.

ICICI Top Brass All Set For Change

ICICI Top Brass All Set For ChangeThere is likely to be a shuffle in the top brass of ICICI after the retirement of N Vaghul on April 30, 2009. Chanda Kochhar is most likely to be appointed as managing director and chief executive officer. Kochhar, who at present is holding the position of joint managing director and chief financial officer of the bank, will succeed KV Kamath, who will become the non-executive chairman.

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