K V Kamath, CEO and managing director of ICICI Bank, is due to step down sometime next year.
In the 12 years or so that he has been at the helm of affairs, the bank has more than cashed in on a huge growth opportunity that presented itself as the Indian economy grew stronger.
The ICICI brand must be the envy of every banker in the country including State Bank which, many point out, doesn't really connect with the younger lot -- which will soon be the largest earning segment of our population.
It's not surprising that ICICI Bank's home loan portfolio is bigger than that of State Bank.
Before the ICICI stock got a drubbing, its market capitalisation too was higher than that of State Bank. For sure, it's been a phenomenal success story.
Text: Shobhana Subramanian, Business Standard
Image: K V Kamath, managing director and chief executive officer of ICICI Bank Limited, at a press confrence in Mumbai. | Photograph: Sajjad Hussain/AFP/Getty Images
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