Mr. Pramod Rao joined ICICI Bank as its Group General Counsel in August 2018 and provides
strategic oversight to the legal function for the ICICI group including its banking subsidiaries in
the UK and Canada. Mr. Rao also oversees the Whistle Blower Policy of the ICICI Bank, and
reports to the Audit Committee of the ICICI Bank for this role.
Previously, Mr. Rao had served as General Counsel for Citi India cluster (July 2013 till midAugust 2018), and was responsible for the Legal & Secretarial functions within Citi India cluster
(incorporating Bangladesh & Sri Lanka). He also oversaw Citi Security & Investigative Services
(CSIS). Mr. Rao chaired the Citi India Diversity Council and was a member of various internal
management and oversight committees. He was also instrumental in the establishment of Citi’s
legal center of excellence in Mumbai that serves legal requirements of multiple business
segments across multiple geographies.
Prior to Citi India, Mr. Rao worked with IndusLaw, a law firm, as a resident partner, overseeing
its Banking and Finance practice. He joined IndusLaw in 2012 and was instrumental in setting
up the firm's office in Mumbai.
Prior to IndusLaw, Mr. Rao worked with ICICI Bank for over 15 years. After a brief stint at Mulla
and Mulla Craigie Blunt & Caroe, in August 1996 he joined the erstwhile Industrial Credit &
Investment Corporation of India Ltd (ICICI, which subsequently merged with ICICI Bank). He rose
to become the General Counsel of ICICI Bank in December 2005 and served in that capacity
until April 2012. During the course of his career at ICICI Bank, Mr. Rao has overseen the legal
function for all segments of the ICICI Bank including wholesale banking, retail banking, treasury
and markets, international banking, playing a key role in the establishment of and in advising
group companies. He also advised the Board of Directors and Board constituted committees of
ICICI Bank, and served on the Board of Directors of various ICICI group companies.
Mr. Rao presently serves as a member of Board of Directors of ICICI Securities Ltd, ICICI
Prudential Trust Ltd and ICICI Trusteeship Services Ltd. Mr. Rao also serves as a member of the
Legal & Banking Operations Committee of Indian Banks' Association (IBA), of the National
Committee for Regulatory Affairs constituted by the Confederation of Indian Industry (CII), of
the Advisory Council of Sahamati and of the SEBI Subcommittee for Regulatory Sandbox, which
inter alia evaluates suitability of applications in the regulatory sandbox framework.
Mr. Rao has a deep interest in LawTech & startups. He has co-founded a LawTech enterprise,
served as a Board member for two startups. He also advises and mentors startups under the
aegis of ICICI Bank’s Startup Engagement Team & its Innovation Lab, NSRCEL of IIMB and of the
No Changemaker Left Behind program by Agami, and leads piloting and adoption of technology
solutions for various business, operational and legal requirements at ICICI group. He has
collaborated on certain iSPIRT projects including Sahay-GeM and the Sahamati AA Ecosystem.
In the last few years, Mr. Rao has also played a pivotal role in conceptualizing and adoption of
online dispute resolution (ODR) by ICICI Bank and ICICI group. Mr. Rao also engaged with policy
makers, the government and the judiciary on ODR, which culminated in Niti Aayog constituted
committee chaired by Justice Sikri penning the report on Designing the Future of Dispute
Resolution. The ODR Policy Plan for India and separately, in the launch of ODR Handbook
available at www.disputeresolution.online. He continues to play a key role in the ODR
ecosystem.
Mr. Rao is also associated with IDIA – Increasing Diversity by Increasing Access – an NGO
dedicated to assisting students from underprivileged background in entering premier law
schools in India. He has also served as a founding member of the Governing Board of the NLSIU
Alumni Association from 2015-2020.
He also participates in and contributes to various law and regulatory reform initiatives of the
government, regulators and industry forums