Kundapur Vaman Kamath, ICICI Bank CEO and Managing Director will hang his boots on April 30, 2009. He will be remembered for making interest rates sound interesting and the otherwise ''boring'' banking profession cool. He made a mark for himself in the country where people only banker without difficulty is the RBI governor.
Kamath''s success is the envy of bankers everywhere, but his feat of taking a small bank and turning it into the country''s second largest lender is hard to match. Kamath, born in Mangalore in the December of 1947, preferred banking as his profession. Mangaloreans have made a name for themselves in this field, with at least five banks founded by people from the region.
But IIM-educated Kamath ventured beyond where his predecessors treaded and made access to credit a real possibility for customers from different walks of life. After graduating from IIM-Ahmedabad in 1971, he joined the erstwhile Industrial Credit and Investment Corporation of India in the project finance division and dabbled in leasing, venture capital and credit rating fields. In 1988, he moved to the Asian Development Bank, Manila, where he worked on many projects in developing countries before returning to ICICI as its Managing Director and CEO in 1996.
Kamath''s success is the envy of bankers everywhere, but his feat of taking a small bank and turning it into the country''s second largest lender is hard to match. Kamath, born in Mangalore in the December of 1947, preferred banking as his profession. Mangaloreans have made a name for themselves in this field, with at least five banks founded by people from the region.
But IIM-educated Kamath ventured beyond where his predecessors treaded and made access to credit a real possibility for customers from different walks of life. After graduating from IIM-Ahmedabad in 1971, he joined the erstwhile Industrial Credit and Investment Corporation of India in the project finance division and dabbled in leasing, venture capital and credit rating fields. In 1988, he moved to the Asian Development Bank, Manila, where he worked on many projects in developing countries before returning to ICICI as its Managing Director and CEO in 1996.
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