Chanda Kochhar
| Chanda Kochhar | |
|---|---|
 |
|
| Born |
17 November 1961 Jodhpur, India |
| Occupation | CEO and MD, ICICI Bank |
| Spouse(s) | Deepak Kochhar |
| Children | 2 |
Chanda Kochhar (born 17 November 1961) is the managing director (MD) and chief executive officer (CEO) of ICICI Bank. She is widely recognised for her role in shaping retail banking in India.
Kochhar was born in Jodhpur, Rajasthan and raised in Jaipur, Rajasthan. She was educated at St. Angela Sophia School, Jaipur. She then moved to Mumbai, where she joined Jai Hind College for a bachelor's degree. After graduating in 1982, she studied cost accountancy, and later acquired a master's degree in management studies from Jamnalal Bajaj Institute of Management Studies, Mumbai. She received the Wockhardt Gold Medal for Excellence in Management Studies as well as the J. N. Bose Gold Medal in Cost Accountancy.
In 1984, Kochhar joined the Industrial Credit and Investment Corporation of India (ICICI) as a management trainee. During her early years at ICICI, she handled project appraisal and monitoring and evaluated projects in industries such as textile, paper and cement.
Kochhar was instrumental in establishing ICICI Bank during the 1990s. In 1993, Kochhar was appointed as one of the core team members who were assigned the responsibility of setting up the bank. She was promoted to assistant general manager in 1994 and then to deputy general manager in 1996. In 1996, Kochhar headed the newly formed Infrastructure Industry Group of ICICI Bank, which aimed to create dedicated industry expertise in the areas of power, telecom and transportation. In 1998, she was promoted as the General Manager and headed ICICI Bank's major client group, which handled relationships with ICICI's top 200 clients. In 1999, she also handled the strategy and e-commerce divisions of ICICI Bank. Under Kochhar's leadership, ICICI Bank started building the nascent retail business in 2000 focusing largely on technology, innovation, process engineering and expansion of distribution and scale.In April 2001, she took over as executive director. In 2006, Kochhar was appointed as deputy managing director of ICICI Bank. In 2006- 07, Kochhar handled the international and corporate businesses of the bank. From 2007 to 2009, she was the bank's chief financial officer (CFO) & joint managing director (JMD).
In 2009 Kochhar was appointed as managing director (MD) and chief executive officer (CEO) of the bank and has been responsible for the bank’s diverse operations in India and overseas. She also chairs the boards of most of the bank’s subsidiaries, which include India’s leading private sector life and general insurance companies.
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