ICICI Bank 2003 Annual Report Download - page 44

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42
Directors’ Report
The details of composition of the Committee and attendance at its meetings are given below:
Name of Member Number of Meetings attended
Uday M. Chitale, Chairman ................................ 12
Somesh R. Sathe ................................................ 11
H. N. Sinor .......................................................... 12
Kalpana Morparia ................................................ 9
Chanda D. Kochhar has been appointed as a Member of the Committee effective June 1, 2003 in place
of H. N. Sinor.
Jyotin Mehta, General Manager & Company Secretary, is the Compliance Officer. Of the total of 3,468
shareholders’ complaints received in fiscal 2003, 3,452complaints were processed to the satisfaction
of shareholders. At March 31, 2003, 16complaints were pending. No applications were pending for
transfer of shares as on March 31, 2003.
Prior to its dissolution on May 3, 2002, the Share Transfer Committee of ICICI Bank prior to the merger
had met five times. The details of composition of the Committee and attendance at its meetings are
given below:
Name of Member Number of Meetings attended
H. N. Sinor .......................................................... 5
Lalita D. Gupte .................................................... 3
Chanda D. Kochhar ............................................. 5
Nachiket Mor ...................................................... 3
X. Committee of Directors
Terms of Reference
The powers of the Committee include review of performance against targets for various business segments
and credit approvals as per authorisation approved by the Board, borrowing and treasury operations and
premises and property related matters.
Composition
The Committee of Directors consists of all the wholetime Directors and is chaired by K. V. Kamath,
Managing Director & CEO.
XI. Asset Liability Management Committee
Terms of Reference
The functions of the Committee include management of the balance sheet of the Bank, review of the
asset-liability profile of the Bank with a view to manage the market risk exposure assumed by the Bank
and deciding the deposit rates and Prime Lending Rates (PLR) of the Bank.