ICICI Bank 2009 Annual Report Download - page 6

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4
Letter from the Managing Director & CEO
Dear Stakeholders,
I am privileged to have the opportunity to lead
ICICI Bank as its Managing Director & CEO.
This institution has been built over many years
under the wise guidance of Mr. N. Vaghul and
the dynamic leadership of Mr. K. V. Kamath.
I would like to express our gratitude to them for
their immense contribution to the growth and
success of the ICICI Group.
The ICICI Group has strong traditional values
and deeply-held beliefs. We have believed in
capitalising on emerging opportunities and
contributing to the growth of our country. We
have believed in innovation to enhance the range
of products and services that we offer and provide
greater convenience to the customer. We have
believed in building depth of talent and leadership
in the organisation and empowering the team to
achieve organisational goals. We have placed
strong emphasis on a framework of ethics and
good governance that balances the interests
of different stakeholders. We have sought to
be adaptable and flexible, anticipating and
responding to the changing needs of the economy,
the dynamic business environment and the
expectations of our stakeholders. These values
and beliefs will continue to be the foundation of
our strategy.
Over the past few years, we have built a strong
franchise in the Indian corporate & retail segments,
the non-resident Indian segment, and the wider
deposit market in certain countries. Since 2007, as
the global and Indian economic environment has
changed rapidly, we have focused on a conscious
strategy of capital conservation, risk containment