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Directors’ Report
operation of bank accounts for payment of interest, dividend and redemption of securities and the
listing of securities on stock exchanges.
Composition
The Share Transfer & Shareholders'/Investors' Grievance Committee comprises four Directors and is
chaired by Uday M. Chitale, an independent Director. There were 12 Meetings of the Committee during
the year. The details of composition of the Committee and attendance at its Meetings are given below:
Jyotin Mehta, General Manager & Company Secretary, is the Compliance Officer. Of
the total of 402 shareholder complaints received in fiscal 2004, 400 complaints were
processed to the satisfaction of shareholders. At March 31, 2004, 2 complaints were
pending. These complaints have been resolved in April 2004. No applications were
pending for transfer of shares as on March 31, 2004.
Terms of reference
The powers of the Committee include review of performance against targets for
various business segments, credit approvals as per authorisation approved by the
Board, approvals in respect of borrowing and treasury operations and premises and
property related matters.
Composition
The Committee of Directors comprises all five wholetime Directors and is chaired by
K.V. Kamath, Managing Director & CEO.
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
Rate (PLR) of the Bank.
Composition
The Asset Liability Management Committee comprises the Joint Managing Director,
Deputy Managing Director and two Executive Directors and is chaired by
Lalita D. Gupte, Joint Managing Director.
XI. Committee of Directors
XII. Asset Liability Management Committee
Name of Member Number of Meetings attended
Uday M. Chitale, Chairman
Somesh R. Sathe
H. N. Sinor (up to May 31, 2003)
Kalpana Morparia
Chanda D. Kochhar (w.e.f. June 1, 2003)
12
12
1
10
7
23
"Strategic clarity, innovation and
excellence in execution are the key
drivers of our performance, as we
achieve and sustain market
leadership across the spectrum of
financial services. A vibrant
organisation and a strong,
performance-driven work ethic
attract and retain our vast pool of
talent.”
Kalpana Morparia
Deputy Managing Director
dickenson intellinetics 5690 2791 ICICI Annual Report 2004