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19
Annual Report 2006-2007
Name of Director Amount (Rupees)
Narendra Murkumbi 960,000
Anupam Puri 80,000
M. K. Sharma 960,000
P. M. Sinha 400,000
Marti G. Subrahmanyam 100,000
T. S. Vijayan 60,000
V. Prem Watsa 80,000
Total 3,760,000
The details of shares and convertible instruments of the Bank, held by the non-wholetime Directors as
on March 31, 2007 are set out in the following table:
Name of Director Instrument No. of shares held
N. Vaghul Equity 27,543
Sridar Iyengar — —
R. K. Joshi — —
Narendra Murkumbi — —
L. N. Mittal Equity 3,110,700
Anupam Puri — —
Vinod Rai — —
M. K. Sharma Equity 5,050
P. M. Sinha — —
Marti G. Subrahmanyam Equity 1,613
American Depositary Share (ADS)129,500
T. S. Vijayan — —
V. Prem Watsa — —
1. One ADS represents two equity shares.
IV. Credit Committee
Terms of reference
The functions of the Committee include review of developments in key industrial sectors and approval
of credit proposals as per authorisation approved by the Board.
Composition
The Credit Committee comprises five Directors. It is chaired by N. Vaghul and a majority of its members
are independent Directors. There were 19 meetings of the Committee during the year. The details of the
composition of the Committee and attendance at its Meetings are as follows:
Name of Member Number of meetings attended
N. Vaghul, Chairman118
Narendra Murkumbi (w.e.f April 29, 2006)115
M. K. Sharma 14
P. M. Sinha210
K. V. Kamath 19
1. Also participated in one meeting through tele-conference.
2. Also participated in four meetings through tele-conference.
Sridar Iyengar attended three Meetings of the Credit Committee as an invitee.