ICICI Bank appoints former Bank of Baroda boss as a director

Private sector lender ICICI Bank has appointed M D Mallya, former Bank of Baroda boss as an additional independent director of the bank, it said in a release to stock exchanges on Tuesday.

The appointment is effective from May 29 for a period of five years subject to the approval of shareholders. Before joining Bank of Baroda he had served Bank of Maharashtra, Corporation Bank, Oriental Bank of Commerce donning different management roles.

Mallya was also engaged extensively with the government as Indian Banks’ Association or IBA chairman.


“He is not related to any other director of the bank. Under the able and dynamic leadership of M D Mallya as CMD of Bank of Maharashtra had made rapid strides in all its spheres of activities like business growth, benefits of technology coupled with developing dedicated field force,” ICICI Bank said in the release.