ICICI Bank 2004 Annual Report Download - page 22

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Composition
The Credit Committee comprises four Directors. It is chaired by N. Vaghul and a majority of its members
are independent Directors. There were six meetings of the Committee during the year. The details of
composition of the Committee and attendance at its Meetings are given in the following table:
M. K. Sharma has been inducted as an additional Member of the Committee effective August 1, 2004.
Terms of reference
The Committee monitors and reviews all the frauds involving Rs.10.0 million and above.
Composition
The Fraud Monitoring Committee was constituted by the Board effective May 1, 2004. The Committee
comprises five Directors, namely, Uday M. Chitale, M. K. Sharma, K. V. Kamath, Kalpana Morparia and
Chanda D. Kochhar. Uday M. Chitale is the Chairman of the Committee.
Terms of reference
The Committee reviews ICICI Bank's risk management policies in relation to various risks (portfolio,
liquidity, interest rate, off-balance sheet and operational risks), investment policies and strategy and
regulatory and compliance issues in relation thereto.
Composition
The Risk Committee comprises five Directors. It is chaired by N. Vaghul and a majority of its members
are independent Directors. There were three meetings of the Committee during the year. The details of
composition of the Committee and attendance at its Meetings are given in the following table:
1Also participated in one meeting through tele-conference.
Terms of reference
The functions and powers of the Committee include approval and rejection of transfer or transmission
of equity and preference shares, bonds, debentures and securities, issue of duplicate certificates,
allotment of shares and securities issued from time to time, including those under stock options, review
and redressal of shareholders' and investors' complaints, delegation of authority for opening and
VIII. Fraud Monitoring Committee
IX. Risk Committee
X. Share Transfer & Shareholders'/Investors' Grievance Committee
Name of Member Number of Meetings attended
N. Vaghul, Chairman 6
3
6
6
Satish C. Jha
Somesh R. Sathe
K. V. Kamath
22
Directors’ Report
dickenson intellinetics 5690 2791 ICICI Annual Report 2004
Name of Member Number of Meetings attended
N. Vaghul, Chairman 3
Uday M. Chitale 3
1
Marti G. Subrahmanyam 2
V. Prem Watsa (w.e.f. February 10, 2004) N.A.
K. V. Kamath 3