"The Committee of Directors at its meeting on December 7, 2015 approved allotment of Rs 810 million of unsecured redeemable senior bonds in the nature of debentures on private placement basis," ICICI Home Finance said in a regulatory filing.
MK Sharma is an independent director of several leading companies and has been a member of government committees relating to corporate law and corporate governance. He was an independent director on the Board of ICICI Bank for eight years from 2003 to 2011.
ICICI Bank Canada and ICICI Bank UK had capital adequacy ratios of 33.2 percent and 21.8 percent, respectively as on December 31, 2014. Post repatriation, share capital of ICICI Bank Canada is CAD 777 million and that of ICICI Bank UK is USD 420 million.
In January 2015, the ICICI Group celebrated its anniversary, a mark of partnering the nation‘s progress for 60 years. Amongst esteemed dignitaries present were Union Minister of Finance Arun Jaitley, Governor of Maharashtra C Vidyasagar Rao, Chief Minister of Maharashtra Devendra Fadnavis and Managing Director and CEO of the bank Chanda Kochhar.
On Bagchi's elevation, Kochhar said that, ''Anup has spent his whole career with the ICICI Group and has deep experience in capital markets and retail financial services. I am sure he will take ICICI Securities to even greater heights''.