As the head of the country’s largest private lender, Chanda Kochhar must fight the scourge of India’s current banking system: bad loans. Although the bank reported a double-digit increase in consolidated assets to $135 billion in 2015, net income did not rise significantly, due to a large provision for bad debt. In January, it launched home loan service Express that offers online delivery and 8-hour support.
Mobile banking, among Kochhar’s pet projects, accounts for one-fifth of the customer’s business. sales, totaled approximately $12 billion for the year ending March 2016. To retain female workers, she launched iWork@home, which allows workers to work from home for a year. In addition, executives can take children under 3 years of age on a business trip, with an accompanying person, paying the bank fee
Biography of Chanda Kochhar
Chand Kochhar is the General Chief of the icic user. It is the second largest bank in India and a private bank of the country. SHe is the corporate director of ICICI Bank.
Chanda Kochhar was born on November 17, 1961 in Jodhpur, Rajasthan. He later moved to Mumbai and joined Jai Hind College and graduated with Bachelor of Arts. He then continued his accounting course at the Institute of Cost and Works Accountants of India and earned a master’s degree in management studies from the Jamnalal Bajaj Institute of Management Studies, Mumbai. SHe was awarded the Wockhardt Gold Award for excellence in management research and J. N. Bose Gold Medal for higher amounts of high price. She is married to Deepak Kochhar and has a son and a daughter. He currently lives in Mumbai.
SHe joined ICICI Limited in 1984 as a management trainee. He was an active part of the creation of the bank in 1993. He became deputy manager in 1994 and deputy general manager in 1996. He headed the Industrial Group of ICICI in 1996 and in 1998 he headed the Major Client Group which looked after 200 clients of ICICI Bank. ICICI started its retail business under the leadership of Chanda Kochhar in July 2000. He became the Managing Director of ICICI Bank in April 2001.
He was appointed Deputy Managing Director of ICICI Bank in April 2006. He also works as a director of various companies of the ICICI group. He was appointed as the director and CEO of the bank from May 2009 for five years.
His hard work led ICICI Bank to win the Best Retail Bank in India for the years 2001, 2003, 2004 and 2005 and the Retail Banking Excellence Award for the year 2002, both given to Asian Bankers. He also received the 2004 Retail Banker of the Year award. The Economic Times gave her the 2005 Businesswoman of the Year award and Retail Banker International gave her the Rising Star award. He received the Padma Bhushan award from the Government of India in 2010 for his work.
Chanda Kochhar is a famous businessman from India, who currently holds the position of Managing Director (MD) and Chief Executive Officer (CEO) of ICICI Bank. Kochhar is known for his role in shaping the Indian commercial banking sector. She has received many awards for her commendable work, including Retail Banker of the Year 2004 by Asia Banker, Business Woman of the Year 2005 by The Economic Times and Rising Star Award for Global Awards 2006 by Retail Banker International.
On top of that, Kochhar has been on Fortune’s list of “most powerful women in business” since 2005. In fact, under Kochhar, ICICI Bank won the Best Retail Bank in India in 2001, 2003, 2004 and 2005.
In March 2018, an anonymous person alleged that Kochhar supported the Videocon Group in loan transactions. It all started when in October 2016, a random blog published a letter to Prime Minister Narendra Modi stating that Kochhar’s husband, Deepak Kochhar, had business ties with Dhoot, which could lead to a conflict of interest.
The bank has approved a loan of Rs 3,250 crore to Videocon Group as part of the group. On March 29, some news agencies reported the details of several suspicious financial transactions between NuPower Renewables Pvt Ltd. by Deepak Kochhar and Dhoot Company. In June 2018, Kochhar worked to make a valid review for the fantasy charges when he is a Bankbi bank as a meal.
2002-10:was on the list of “30 Most Powerful Women Leaders” for eight years in a row
2005: Voted “Businesswoman of the Year” by The Economic Times
2006: Received the “Rising Star Award” for Retail Banker International’s Global Awards
2010: Ranked 10th on Fortune’s list of “Most Powerful Women in Business”, and 92nd on Forbes’ list of “The Most Powerful Women in the World”
2011: He was awarded the Padma Bhushan, the third highest civilian honor in India