Subscribe for perks & to support LI

Your Interests & Preferences: Personalise your reading

Which best describes your role and/or interests?

I work in a law firm
I work for a company / in-house
I'm a litigator at the bar
I'm a law student
Aspiring law student
Other
Save setting
Or click here to show more preferences...

I am interested in the following types of stories (uncheck to hide from frontpage)

Firms / In-House
Deals
Courts
Legal Education

Always show me: (overrides the above)

Exclusives & Editor's Picks

Website Look & Feel

Light Text on Dark Background

Save preferences


Note: Your preferences will be saved in your browser. You can always change your settings by clicking the Your Preferences button at the top of every page.

Reset preferences to defaults?
This article, like many others, was first published exclusively for subscribers, 2 hours before everyone else got to read it.

If you'd like several goodies and first access to stories like these in future, subscribe instantly here

Citi India GC Pramod Rao to return to old home but as ICICI Group GC

Pramod Rao to return to ICICIPramod Rao to return to ICICI

Pramod Rao, the general counsel (GC) of Citibank India since 2013, will be re-joining the ICICI fold as ICICI Group GC, returning to the banking giant at which he had started his career.

According to sources, Rao has tendered his resignation at Citi and is likely to join ICICI by mid-August.

Rao declined to comment when contacted.

The 1996 NLSIU Bangalore graduate had joined ICICI in Mumbai after a brief tenure at Mulla & Mulla, only leaving as GC in 2012 to join up-and-coming law firm IndusLaw as a partner in Mumbai.

In 2013, he returned in-house to join Citi as its India GC.

ICICI Group’s vertical companies include ICICI Bank, ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, ICICI Securities, ICICI Venture and others.

Godrej & Boyce head of corporate advisory Nilanjan Sinha will be heading up the group’s ICICI Bank company legal team, as first reported by Bar & Bench.

ICICI Bank is one the largest in-house legal teams in India, with around 300 lawyers.

Click to show 20 comments
at your own risk
(alt+shift+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.
refresh Filter out low-rated comments. Show all comments. Sort chronologically
1
Like +5 Object -0 Aghast 05 Jul 18, 21:52  interesting
Its linked to Chanda Kochar exit. [...] Now that Chanda herself is out Rao is making a comeback. Remains to be seen how long he'll survive now that the legal team is very different and the bank has new management.
Reply Report to LI
2
Show?
Like +1 Object -2 raw mangoes 05 Jul 18, 21:57
wow big news pramod was a big deal at citi he was an even bigger deal at icici and will be probably even bigger now
Reply Report to LI
3
Show?
Like +1 Object -1 Chai Point 05 Jul 18, 22:16
Back to square one...
ICICI facing most difficult time.. hope PR can help.
Reply Report to LI
4
Show?
Like +1 Object -0 Buzzz 05 Jul 18, 23:51
Commenting because I think that the move is not generating enough buzz!
Reply Report to LI
5
Show?
Like +0 Object -1 oh yeah? 06 Jul 18, 10:10
300 (SPARTAAAAAAA) PEOPLE????? Are you sure? what do they pay, how do they recruit?
Reply Report to LI
5.1
Like +8 Object -2 Life 06 Jul 18, 18:31  interesting
There is life beyond law firms. Your knowledge of the profession is restricted to law firms only.
Reply Report to LI
5.1.1
Show?
Like +2 Object -6 Please Stop 10 Jul 18, 14:06
I agree. There is 'life (and no work)' outside law firms.
Reply Report to LI
6
Show?
Like +0 Object -0 In House Counsel 06 Jul 18, 12:38
@Kian - no word on who'll replace him at Citi?
Reply Report to LI
6.1
Show?
Like +0 Object -0 Smarts 06 Jul 18, 13:19
Yes please. Do let us know
Reply Report to LI
7
Show?
Like +0 Object -1 Salary 06 Jul 18, 15:19
How much these GCs make? Comparable to Equity Partnership at BigLaw?
Reply Report to LI
7.1
Show?
Like +1 Object -6 note bandi 06 Jul 18, 16:16
1 cr plus minus 10L
Reply Report to LI
7.1.1
Like +7 Object -2 GU 07 Jul 18, 08:13  interesting
Way more than than...young GC should make that much, some what similar to an execution partner in a law firm..seasoned GCs such as Pramod and Abhimanyu (BAML) must be making 2-2.5 crore as fixed plus bonus and over and above ESOPs..
Reply Report to LI
8
Show?
Like +4 Object -1 Ex- ICCI 06 Jul 18, 17:39
To my mind, this is a very good move.

Pramod was head CLG in its golden phase when it had the likes of Bikash Jhawar, Amit Shetye, Aditya Shroff, and Joseph Jimmy- All partners at big firms now- working under him.Wonder if some of the old timers will come back.
Reply Report to LI
9
Show?
Like +7 Object -4 Bade Bhai 07 Jul 18, 09:29
This is a bigger news than the movement of most partners from the storied forms which invite so many comments.Many of those partners, favourites of Kian for whatever reason, are mere mannequins hired by the egoistical managing partners at storied firms for getting clients attention.
Reply Report to LI
10
Show?
Like +1 Object -0 Next 07 Jul 18, 16:21
Musical chairs jaari rahe
Reply Report to LI
11
Show?
Like +1 Object -0 GC GC 07 Jul 18, 19:19
Is being GC a high aim in life ?
Reply Report to LI
11.1
Show?
Like +2 Object -1 ZRS 08 Jul 18, 12:05
Is that a rhetorical question on a legal website? I don't want to make a snide comment for the heck of it. As in-house counsel, this would normally be the maximum you can target.
Reply Report to LI
11.2
Show?
Like +3 Object -1 Bade Bhai 09 Jul 18, 06:58
This is definitely bigger and better aim in life than that of a partner ( with all the nomenclatures except managing partner and family partner) in any of the Indian firms.
Reply Report to LI
12
Show?
Like +2 Object -12 Monsoon 09 Jul 18, 00:17
100 years back 10th pass aimed to be Head Clerks in a British run India
Now Law Grads aim to be Group Counsels in MNCs
Nothing has changed. Salute to the Indian Slaves.
Reply Report to LI
12.1
Like +5 Object -1 ZRS 09 Jul 18, 14:02
& is this any better than being 'salaried' partner of Firms run by families? Pray please explain- what according to you should be the real target / salvation for 'Indian slaves'?
Reply Report to LI


Latest comments