Chanda Kochhar

Chanda Kochhar in the summer of 2009

Chanda Kochhar (born November 17, 1961 in Jodhpur ) is an Indian manager and chief executive officer of ICICI Bank . She is one of the most influential women in the world , according to Time magazine . Even Forbes lists it as one of the most powerful women .

Life

Chanda Kochhar was born the daughter of an engineer. Her parents originally came from Karachi and belonged to the Hindu minority there. Her parents had to flee Karachi and lost their property in the process. The parents attached great importance to academic education.

Chanda Kochhar studied at the Jamnalal Bajaj Institute of Management in Bombay and at the Institute of Cost and Works Accountants of India , where she twice earned a bachelor's degree , at the Jamnalal Bajaj Institute as the best of the year. She was then offered a trainee position at ICICI in 1982 . She caught the eye of the later CEO of the ICICI bank KV Kamath because of her initiative, which she then promoted. Gradually, she worked in numerous management positions in the business areas of ICICI. On May 1, 2009, she succeeded KV Kamath as CEO of the bank. She took over management of the bank at a time when the global financial crisis was also affecting the bank. She publicly rejected the demand of the Indian central bank president D. Subbarao to expand the credit volume by 20% in order to stimulate the Indian economy and instead advocated a cautious increase.

In 2019, Chanda Kochhar was released as CEO of ICICI, and a short time later a case against her for unlawful enrichment in office was opened.

Web links

• Biography on the homepage of the ICICI bank
• Christoph Hein, Chanda Kochhar: From the first salary a sari for mom , Faz.net from April 5, 2010

Individual evidence

1. ↑ Chanda Kochhar Time 100 2015
2. ↑ Chanda Kochhar Forbes 100 Most Powerful Women 2015
3. ↑ Jonas Dowen, Chanda Kochhar - Die Sari-Bankerin , die bank issue 07/2009  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.  
4. ↑ India's Banks: What Investors Should Know Now. In: Börse Online . August 11, 2018, accessed January 16, 2019 . 
5. ↑ Now ICICI Bank files suit against Chanda Kochhar seeking recovery of funds. In: India Today . January 14, 2020, accessed January 16, 2019 .