One of the most powerful business women of India Chanda Kochhar has been declared as new CEO of ICICI bank. Kochhar who is ICICI's joint MD and group CFO will be the successor of K V Kamath to the post of MD and CEO. She was the instrumental in setting up and scaling up the retail business of the bank. In April 2001, she took over as the Executive Director, heading the retail business in the ICICI Bank. In April 2006, she was appointed as Deputy Managing Director.
Chanda Kochhar joined ICICI as management trainee in 1981.When ICICI decided in 1993 to enter commercial banking, she was deputed to ICICI Bank as part of the core team to set up the operations. She has often featured in the Fortune magazine's annual lists of most powerful business women across the world. Kamath who will retire on April, 2009 will take over as non executive chairman.
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