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Chanda Kochhar

Chanda Kochhar

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Published by: artitrivedi043 on Feb 12, 2011
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Chanda Kochhar- A woman who sees opportunitiesin challenges.
Saddled with a contemporary methodology borrowed from the twenty first century factualism,scientism and historical relativism, Chanda Kochhar proved it all by her fine administrativeacumen and her cool prudence.Born on November 17, 1961 in Jodhpur, Rajasthan, she completed her Bachelor of Arts degreefrom Jai Hind College, Mumbai. Later, she joined the Jamnalal Bajaj Institute of ManagementStudies for the Masters Degree in Management Studies and then possessed a degree in cost andworks accountancy from the Institute of Cost and Works Accountants of India (ICWA). She is blessed with two children, a son and a daughter. ____________________________________________________________________ 
A person who can take on a challenge and maintainequanimityand turninto anopportunityis the biggestleader.
 
 
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 Chanda Kochhar joined ICICI as a Management trainee after her Masters in the year 1984. After 9 years of hard work, Kochhar was appointed as part of core team to set the ICICI bank. She got promotion in 1994 & 1996 as Assistant General Manager and then Deputy General Manager respectively. In 1998, she was promoted as the General Manager with the role of handlingrelationships with ICICI`s top 200 clients. In April 2001, she was promoted as ExecutiveDirector, heading the retail business in ICICI Bank. In April 2006, Chanda Kochhar wasappointed as Deputy Managing Director of ICICI Bank.She has taken over from KV Kamath as the Chief Executive Officer (CEO) and ManagingDirector (MD) of the bank on May 1, 2009 with the package of Rupees 2,24,4000/-per annum.ICICI Bank named Chanda Kochhar as its new chief executive from May 1, 09 to lead India¶ssecond-largest lender at a time of declining market share, souring bad debts and a tough globalenvironment.³Efficiency´ is the capacity in an individual to funnel out his/her available ³competency´ into thefield of action. The intelligent preparedness is called ³competency´, and this is to reachultimately the field of our action, to be expressed as ³efficiency´. Mental discipline is the secretof all efficiency, the conduit of poised competency and Ms. Chanda Kochhar is no exception tothis and it clearly evinces out by she being awarded as µWomen of Excellence¶ by the women¶swing of the Federation of India Chamber of Commerce and Industry (FICCI). Twenty-fivewomen, including Kochhar, HSBC country head Naina Lal Kidwai, Kinetic EngineeringManaging Director Sulajja Firodia Motwani, actress Sharmila Tagore and Kathak exponentShovana Narayan, have been honored with this award.She with full dexterity has handled her profiles as Joint Managing Director (JMD) of ICICIBank, Chief Financial Officer (CFO) and the official spokesperson & head of the CorporateCentre of ICICI Bank.India¶s top private sector lender, which has a market capitalization of $11.1 billion, lost 62 per cent of its market value in the year 2008 as a result of its exposure overseas at a time of turmoilin the global financial system.Kochhar¶s credibility and unflinching faith towards ICICI is quite realized and comprehended bythe members of the board of ICICI as they expressed the view that, ³Kochhar¶s deep experienceacross the bank¶s businesses would be invaluable in providing stability while at the same timecharting the bank¶s future in the emerging global environment,´Since ICICI Bank had the largest exposure among Indian banks to the global financial crisis itsshares fell by about 28 percent in September- October 08 when Lehman Brothers collapsed.As the Lehman shock reverberated around markets the world over, both Kamath and Kochhar repeatedly assured investors and depositors that ICICI was safe and well capitalized, and itsshare price has now recovered 68 per cent from its October low.Kochhar sees an opportunity in a challenge. A versatile woman, who developed multi skilledexcellence by performing multitasking which is the need of the hour and by mobilizing her dynamism in the right directions to get the right output, Kochhar has a whole lot of accoladesattached to her name.Under Kochhar`s leadership, ICICI Bank won the Best Retail Bank in India award in 2001, 2003,2004 and 2005. Kochhar personally was awarded Retail Banker of the Year 2004 (Asia-Pacificregion) by the Asian Banker, Business Woman of the Year 2005 by The Economic Times andRising Star Award for Global Awards 2006 by Retail Banker International. Kochhar has also

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