Kundapur Vaman Kamath (born December 2, 1947 in Mangalore, Karnataka) is the Managing Director and CEO of ICICI Bank, the largest private bank in India.
Early life
Kamath is a kannadiga born on December 2, 1947, in Mangalore, Karnataka where he spent most of his early years. After completing Higher Secondary and Pre-University from St. Aloysius School, he joined the presitigious Karnataka Regional Engineering College (now called National Institute of Technology Karnataka) in Surathkal for a Bachelors Degree in Mechanical Engineering. After graduating from KREC in 1969, he joined the prestigious Indian Institute of Management, Ahmedabad (IIM-A) for a Masters Degree in Business Administration.
Career
After graduating from IIM-A in 1971, Kamath started his career with ICICI (Industrial Credit and Investment Corporation of India), in the Project Finance division and moved on to different departments to gather experience which included setting up of new businesses such as leasing, venture capital, credit rating as well as handling general management positions. As part of his general management responsibilities he initiated and implemented ICICI's computerisation programme. Substantial investments in technology from the early years have resulted in systems that are today a competitive advantage for ICICI. Kamath has generally been credited with expanding ICICI's businesses to evolve it into a technology-enabled financial organisation catering to the financial needs of corporate and retail customers.
In 1988, Kamath joined the Asian Development Bank, Manila in their Private Sector Department. His principal work experience at ADB was in various projects in China, India, Indonesia, Philippines, Bangladesh and Vietnam. He was the ADB representative on the Boards of several companies.
In May 1996, Kamath returned to ICICI as its Managing Director and Chief Executive Officer. Kamath was instrumental in expanding the Group's services to the retail customers. He initiated a process of a series of acquisitions of non-banking finance companies in 1996-98, and led the way to the formation of ICICI Bank.
Personal life
Kamath presently resides in Mumbai. He is married and has a son and a daughter
[edit] Board membership
Kamath is a Member of the Governing Board on various educational institutions including the Indian Institute of Management Ahmedabad, Indian School of Business, National Institute of Bank Management and Manipal Academy of Higher Education. Kamath is also a Member of the National Council of Confederation of Indian Industry (CII).
Awards
* Most e-savvy CEO amongst Asian banks - The Asian Banker Journal of Singapore[citation needed]
* Finance Man of the Year award - The Mumbai Management Association[citation needed]
* Best CEO for Innovative HR practices - World HRD Congress[citation needed]
* Asian Business Leader of the Year - Asian Business Leader Award 2001 (CNBC Asia)[citation needed]
* Outstanding Business Leader of the Year - CNBC TV-18, 2006[citation needed]
* Businessman of the Year - Business India, 2005[citation needed]
* Business Leader Award of the Year - The Economic Times, 2007[citation needed]
* Businessman of the Year - Forbes Asia[1]
* Padma Bhushan award from the Indian government - 2008
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