Chanda Kochhar was born on November 17, 1961 at Jodhpur, Rajasthan. In India's male dominated banking sphere, Chanda Kochhar carved a niche for herself. This was no easy task. In her career which extends to over three decades of experience, she remained strong willed and alert.
She then joined Jai Hind College in Mumbai for a Bachelor of Arts degree. After completing her graduation in 1982, she pursued cost accountancy (ICWAI). Later, she did her Master's degree in management studies from the esteemed Jamnalal Bajaj Institute of Management Studies in Mumbai from where she received a Wockhardt Gold Medal for Excellence in Management Studies.
In 1984, after her masters, Chanda Kochhar joined 'The Industrial Credit and Investment Corporation of India Limited' or ICICI Limited as a management trainee. In her initial years in ICICI, she handled project appraisal and monitoring and various projects in Petrochemicals, Textile and Cement and Paper.in 1996. She headed the Infrastructure Industry Group of ICICI. In 1999, she was promoted as the General Manager and became the head of ICICI's 'Major Client Group' which handled relationships with the top 200 clients of the organisation. She started handling the Strategy and E-commerce divisions of ICICI. Under Kochhar's leadership, ICICI began its retail business in 2000 and in the next five years, became the biggest retail financer in India. In 2001, she became the executive director of ICICI bank.
Chanda Kochhar was a part of the core team when ICICI decided to set the ICICI Bank 1993. In 2000, when the organisation decided to develop its wings, she decided to keep the bank open for twelve hours in a day when other banks were open for four to seven hours a day. She was also one of the bankers who came up with electronic banking and installed 2000 ATM machines all over India. Under Kochhar's leadership, ICICI was awarded the 'Best Retail Bank in India' in 2001, 2003, 2004 and 2005.
AWARDS
'Retail Banker of the Year' (Asia - Pacific region) by The Asian Banker, 2004
'Business Woman of the Year' by The Economic Times, 2005
'Rising Star Award' for Global Awards by Retail Banker International 2006
Featured in the list of '30 Most Powerful Woman Leaders' in business for 8 consecutive years from 2002 to 2010