Who is Chanda Kochhar? Everything You Need to Know

Quick Facts

Indian Celebrities Born In November

Age: 63 Years, 63 Year Old Females

Family:

Spouse/Ex-: Deepak Kochhar

father: Roopchand Advani

children: Aarti, Arjun

CEOs Bankers

City: Jodhpur, India

More Facts

education: Jamnalal Bajaj Institute of Management Studies, Jai Hind College

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1

Is Chanda Kochhar still working at ICICI Bank?

No, Chanda Kochhar resigned from her position as the Managing Director and CEO of ICICI Bank in October 2018.
2

What was the controversy surrounding Chanda Kochhar's resignation from ICICI Bank?

Chanda Kochhar resigned amidst allegations of involvement in a loan scandal involving Videocon Group. She was accused of quid pro quo in granting loans.
3

Did Chanda Kochhar face any legal action following the controversy at ICICI Bank?

Yes, investigations by regulatory authorities and enforcement agencies in India led to legal action against Chanda Kochhar for alleged financial irregularities.
4

What is Chanda Kochhar currently engaged in after leaving ICICI Bank?

Since leaving ICICI Bank, Chanda Kochhar has been involved in various philanthropic activities and is focusing on her personal ventures.
5

How has the controversy surrounding Chanda Kochhar impacted her reputation in the banking industry?

The controversy tarnished Chanda Kochhar's previously stellar reputation in the banking industry, leading to questions about her integrity and ethics in corporate governance.

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Childhood & Early Life

Chanda Kochhar was born on 17 November 1961, in Jodhpur, Rajasthan. Even though her birth place is Jodhpur, she was raised in Jaipur, Rajasthan.

She attended St. Angela Sophia School in Jaipur. Later, she moved to Mumbai and joined Jai Hind College to complete her bachelor’s degree. In 1982, she graduated and studied cost accountancy from Institute of Cost Accounts of India. Thereafter completed master’s degree in management studies from Jamnalal Bajaj Institute of Management Studies in Mumbai..

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Career

Chanda Kochhar joined the Industrial Credit and Investment Corporation of India (ICICI) as a management trainee in 1984. When she joined ICICI, she was handling project appraisal and was monitoring and evaluating projects in industries like textile, paper and cement.

In 1993, when the ICICI Bank was being set up, Chanda Kochhar was appointed as one of the core team members and granted major responsibilities.

In 1994, she got promoted to assistant general manager post, and then to deputy manager in 1996. In 1996, she was made head of the newly formed Infrastructure Industry Group of ICICI Bank which aimed to create industry expertise in areas of power, telecom and transportation.

In 1998, she was made the General Manager and the head of the ICICI Bank’s major client group, which handled relationships with ICICI’s top 200 clients.

In 1999, she found herself handling strategy and e-commerce divisions of ICICI bank. Her proficient leadership helped the bank in building the retail business and she focused more on important factors like technology, innovation, process engineering and expansion of distribution and scale.

By 2001, she had taken over as the executive director, and in 2006 she became the deputy managing director of ICICI bank. From 2006-07, she was given the responsibility of international and corporate businesses of the bank.

From 2007 to 2009, she served as the bank’s chief financial officer (CFO) and joint managing director.

In 2009, Chanda Kochhar was appointed as managing director and chief executive officer of the bank. Her role also includes heading the boards of most of bank’s subsidiaries.

Major Works

In a society where very few women manage to reach the top rungs of the corporate ladder, Chanda Kochhar has broken the glass ceiling. She is leading the ICICI Bank since 2009 and under her leadership ICICI Bank won the "Best Retail Bank in India" award in 2001, 2003, 2004 and 2005.

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Awards & Achievements

In 2005, Chanda Kochhar was awarded ‘Business Woman of the Year’ award by The Economic Times, and in 2006 she received ‘Rising Star Award’ for Global Awards by Retail Banker International.

She was also featured in the list of ‘30 Most Powerful Woman Leaders’ for eight consecutive years from 2002 to 2010.

She was ranked 10th in Fortune’s List of ‘Most Powerful Women in Business’ in 2010. In the same year, she was ranked 92nd in the Forbes List of ‘Most Powerful Women’ in the world.

In 2010, she also received ‘Outstanding Woman Business Leader of the Year’ award by CNBC TV18. Also, Financial Times ranked her 11th in list of ‘Top 50 Woman in World Business’.

In 2011, she was conferred with Padma Bhushan award, the third highest civilian award in India.

In 2014, Carleton University, Canada honoured her with doctorate degree.

Chanda Kochhar was listed in Time magazine’s ‘100 Most Influential People in the World’ in 2015.

In 2017, she was also seen in Business World magazine’s ‘BW’s Most Influential Women’ list as a woman leader.

Personal Life & Legacy

Chanda Kochhar is married to Deepak Kochhar and is residing in Mumbai. Deepak Kochhar is a wind energy entrepreneur and was her business schoolmate. The couple has two children, a daughter, Aarti, and a son, Arjun.

Facts About Chanda Kochhar

Chanda Kochhar holds the distinction of being the first woman to lead a major Indian bank as CEO and Managing Director of ICICI Bank.

She is known for her focus on promoting financial inclusion and empowering women through various initiatives during her tenure at ICICI Bank.

Chanda Kochhar is recognized for her contributions to the field of banking and finance, having received several prestigious awards and accolades throughout her career.

Outside of her professional achievements, she is also known for her philanthropic work and commitment to social causes, including promoting education and healthcare for underprivileged communities.

Despite facing challenges and controversies in her career, Chanda Kochhar continues to be regarded as a trailblazer for women in the banking industry and an inspiration to aspiring professionals.

Chanda Kochhar Biography

You wanted to know

Is Chanda Kochhar still working at ICICI Bank?

What was the controversy surrounding Chanda Kochhar's resignation from ICICI Bank?

Did Chanda Kochhar face any legal action following the controversy at ICICI Bank?

What is Chanda Kochhar currently engaged in after leaving ICICI Bank?

How has the controversy surrounding Chanda Kochhar impacted her reputation in the banking industry?