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Wednesday, January 20, 2016

Vishakha Mulye takes charge as ICICI Bank ED after RBI nod

Country’s leading private sector lender ICICI Bank Ltd on Tuesday said it has received Reserve Bank of India’s (RBI) approval for the appointment of Vishakha Mulye, Independent (Woman) Director of Tata Power Company Ltd, as an Executive Director of the Bank for a period of three years. “The appointment of Vishakha Mulye as an Executive Director of the Bank has been approved by Reserve Bank of India (RBI) for a period of three years effective from the date of her taking charge as an Executive Director,” ICICI Bank Ltd in a filing to the BSE. Further, “the Board of Directors vide a circular resolution dated January 19, 2016 has recorded January 19, 2016 as the effective date of appointment and taking charge by Vishakha Mulye as an Executive Director,” it added. On the other hand, Vishakha V. Mulye, Independent (Woman) Director, has stepped down from the Board of Tata Power Company Ltd effective January 18, 2016, consequent upon her being appointed as Executive Director of ICICI Bank Ltd, Tata Power Co said in a separate filing to the BSE. The Board places on record its appreciation for the valuable contribution made to the company by Mulye during her tenure as Director, Tata Power added. Meanwhile, shares of ICICI Bank closed at Rs 228.8 apiece, up 2.74 per cent, from previous close on BSE.