KV Kamath, the man who built India's second-largest bank, ICICI Bank, and who is now set to take over as non-executive chairman of India's second-largest IT exporter, Infosys, will be compensated with an additional fee of around Rs 67 lakh for his new responsibilities.

Mr Kamath, 63, is replacing NR Narayana Murthy , the visionary founder of Infosys, as he retires in August in one of the major transitions the software exporter has undergone in its 30-yearold history. The fee is more than twice of what he got as non-executive chairman and board member of ICICI Bank in 2010-11.