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Why Chanda Kochhar Has Resigned As ICICI Bank CEO
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Home Asia Why Chanda Kochhar Has Resigned As ICICI Bank CEO

Why Chanda Kochhar Has Resigned As ICICI Bank CEO

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October 24, 2018

Chanda Kochhar is extensively known for her role in shaping retail banking in India.

Why Chanda Kochhar Has Resigned As ICICI Bank CEO — Why Chanda Kochhar Has Resigned As ICICI Bank CEO

Chanda Kochhar has recently resigned as ICICI Bank CEO, the second largest Indian multinational banking and financial services company.

The bank has already appointed Sandeep Bakhshi as Managing Director and CEO for five years. Kochhar has also resigned from the Board of Directors of the Bank’s subsidiaries.

Key reason behind Kochhar’s resignation.

Amidst the recent investigation related to Videocon bad loans, Kochhar was reportedly forced by the board of ICICI Bank to take indefinite leave.

Kochhar is extensively known for her role in shaping retail banking in India.

Kochhar has also consistently figured in Fortune’s list of “Most Powerful Women in business” since 2005.

In 2017, Kochhar was featured in Business World magazine’s ‘BW’s Most Influential Women’ list as an evergreen woman leader.

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