Ms. Chanda Kochhar is the Managing Director and Chief Executive Officer of ICICI Bank Limited.
She began her career with ICICI as a Management Trainee in 1984 and has thereon successfully risen through the ranks by handling multidimensional assignments and heading all the major functions in the Bank at various points in time.
In 1993 when ICICI decided to enter commercial banking, she was deputed to ICICI Bank as a part of the core team to set up the bank. When ICICI set up the Infrastructure Industry Group in 1996 to create dedicated industry expertise in the areas of Power, Telecom and Transportation sector, she was handpicked and made in-charge of the Infrastructure Industry Group. Further in 1998, when ICICI created the ‘Major Client Group’ to handle relationships with the top 200 clients of ICICI, she was promoted as General Manager and was made the head of the Major Clients Group. In the year 1999, she simultaneously started handling the strategy and E-commerce divisions of ICICI.
In July 2000, Ms. Kochhar was chosen to head the Retail finance division of ICICI and has been instrumental in scaling up the business. In April 2001, she was promoted as an Executive Director, heading the retail business in the Bank. Having joined it during its nascent stage, her strategic thinking and skills to convert challenges into opportunities ensured that within a short span of around five years, ICICI Bank emerged as the largest retail financer in India. In the process of transforming a small bank into the largest private sector bank in the country within a decade of its inception, the various steps taken by her also shaped the retail finance industry in India.
In April 2006, she was appointed as the Deputy Managing Director with responsibility for both Corporate and Retail banking business of ICICI Bank and from October 2006 to October 2007 she handled the International and Corporate businesses of ICICI. Once again, under her leadership, International banking, which catered to the cross-border needs of clients; was the fastest growing businesses within the Bank.
In October 2007, Ms. Kochhar was appointed as the Joint Managing Director & CFO. She was heading the Corporate Centre, was the Chief Financial Officer (CFO) and was also the official spokesperson for ICICI Bank. In addition to finance, planning and communications; her responsibilities included the global treasury, principal investments & trading, risk management and legal functions. She was also responsible for day-to-day guidance and administrative matters relating to the compliance and internal audit functions.
She was elevated as Managing Director & CEO of ICICI Bank in 2009 and is responsible for the Bank’s diverse operations in India and overseas. She also chairs the boards of the Bank’s principal subsidiaries, which include India’s leading private sector life and general insurance companies.
Awards & recognition
Under the leadership of Ms. Kochhar ICICI Bank has won The Asian Banker – ‘Best Retail Bank in India’ award for five consecutive years from the year 2001 to 2005. As recognition of her contribution to establish ICICI Bank as a leading player in the banking industry Ms. Kochhar has also been:
- Ranked 2nd in Fortune’s list of Most Powerful Women of Asia – Pacific. She is the
highest ranked woman from India, on this list. 2014
- Ranked the most powerful businesswoman in India by The Economic Times and is the
only woman CEO to be featured in their list of Top 10 CEOs in India, 2014.
- Ranked 43rd in the Forbes list of ‘The World’s 100 Most Powerful Women’, 2014
- Conferred with the ‘Best CEO – Private Sector’ at the Forbes India Leadership Awards,
- The only Indian to be featured in the Dow Jones list of Most Influential Female
Executives in the World of the last decade. She is ranked 12th in the global list.
- Awarded the Businessperson Of The Year 2012 by Business India. She is the first
woman recipient of this award in 31 years.
Ms. Kochhar was conferred with the Padma Bhushan, one of India's highest civilian honours, in 2011.
Education & Certifications
Born in Jodhpur, Rajasthan, she joined Jaihind College in Mumbai for a Bachelors Degree in Arts and after graduating in 1982, completed her MBA and Cost Accountancy. She did her Masters in Management Studies (Finance) from the Jamnalal Bajaj Institute of Management Studies, Mumbai and topped her batch and received the Wockhardt Gold Medal for Excellence in Management Studies. In Cost Accountancy, she received the J. N. Bose Gold Medal for highest marks in that year.