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Kamath was born on 2 December 1947 in Mangalore, Karnataka. He spent most of his early years in Mangalore, and attended a Kannada-medium government school. After matriculation, he completed his PUC (Pre-University), which at that time was only one year in length, at St. Aloysius College. After completing his PUC, he joined National Institute of Technology Karnataka, Surathkal (known at that time as Karnataka Regional Engineering College) for a Bachelors Degree in Mechanical Engineering. After graduating from NIT Surathkal in 1969, he joined the Indian Institute of Management, Ahmedabad (IIM-A) for a Post Graduate Diploma in Management.
After graduating from IIM-A in 1971, Kamath started his career with ICICI (Industrial Credit and Investment Corporation of India) in the Project Finance division and moved on to different departments to gather experience, including establishing new business lines such as leasing, venture capital, and credit ratings as well as handling general management responsibilities. As part of his general management responsibilities, he initiated and implemented ICICI's computerisation program.
ICICI BANKICICI Bank is India's largest private sector bank with total assets of Rs. 6,461.29 billion (US$ 103 billion) at March 31, 2015 and profit after tax Rs. 111.75 billion (US$ 1,788 million) for the year ended March 31, 2015. ICICI Bank currently has a network of 4,050 Branches and 12,890 ATM's across India.
ICICI Bank is one of the Big Four banks of India, along with State Bank of India, Punjab National Bank and Bank of Baroda. The bank has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Dubai International Finance Centre and China; and representative offices in United Arab Emirates, South Africa, Bangladesh, Malaysia and Indonesia.
NEW DEVELOPMENT BANK (NDB)The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing American and European-dominated World Bank and International Monetary Fund. The goal of the bank is to "mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries". The bank is headquartered in Shanghai, China. Each participant country holds an equal number of shares[3] and equal voting rights, and none of the countries will have veto power.
In 1988, Kamath joined the Asian Development Bank, Manila in their Private Sector department. His principal work experience at ADB was in various projects in China, India, Indonesia, Philippines, Bangladesh, and Vietnam. He was the ADB representative on the boards of several companies.
In May 1996, Kamath returned to ICICI as its managing director and chief executive officer. Kamath was instrumental in expanding the Group's services to the retail customers. He initiated a process of a series of acquisitions of non-banking finance companies in 1996–98 and led the way to the formation of ICICI Bank.
On 2 May 2011, he was appointed as Non-Executive Chairman of the second-largest software exporter, Infosys Ltd. (earlier Infosys Technologies Ltd.).
K.V.Kamath has also been a Co-Chairman of the World Economic Forum's Annual Meeting in Davos and is a member of the Board of the Institute of International Finance.
Contributions
Mr. Kamath has contributed a lot for the progress of the ICICI Bank and after his leadership the balance sheet of this bank has maximized eight times over the last eight years. In present times, the bank has around millions of safety bond investors. Thus, he has played a very important role in the growth of ICICI, which is the second largest bank in India, providing a variety of banking and financial services. Apart from this, it was because of his input that this bank has become the first Indian and second Asian bank to be listed on the New York Stock Exchange.
AWARDS
Businessman of the Year (2005) award from Business India,
Outstanding Business Leader of the Year (2006) award from CNBC-TV18,
Business Leader Award of the Year (2007) by The Economic Times and Businessman of the Year award by Forbes Asia.
The Mumbai Management Association awarded him the Finance Man of the Year
World HRD Congress gave him an award for the Best CEO for Innovative HR practices.
He has been entitled the most e-savvy CEO amongst Asian banks by the Asian Banker Journal of Singapore and Asian Business Leader Award of 2001 was given to K.V. Kamath by CNBC Asia.
In 2008, he was honored with Padma Bhushan, India's highest civilian award.
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