Breaking News : Chanda Kochhar Quits ICICI Bank | Why Did She Quit & Key Facts for RRB, SSC & Bank

Breaking News : Chanda Kochhar Quits ICICI Bank | Why Did She Quit & Key Facts for RRB, SSC & Bank


Press the Bell Icon to Never Miss a Video from Testbook.com Hello Friends and Welcome to this Video Chanda Kochhar is one of the most Famous Women of the country After completing her C.A. and Masters in Management in 1984, started her career as a Management Trainee in the ICICI Bank Today, she applied for an early retirement which the Accepted. Lets Find out the Reason behind Chanda Kochhar’s Unforeseen Decision and other Important Details related to her. But, before the video starts, here is a question. Do you know which Civilian Award has been conferred on Chanda Kochhar? Do let us know your Answers through the Comment Section. You’ll get the answer to this question in the video itself! So, Lets start with her Achievements For her exceptional performance Chanda Kochhar had recieved a Wockhardt Gold Medal in Management Studies and a J.N Bose Gold Medal in Cost Accountancy. In 1996, Chanda Kochhar was made the head of ICICI Bank established Infrastructure Industry Group. In her Leadership, the ICICI Bank started to lay its foundation in the Retail Sector. In the year 2000, she was made the Executive Director. After which, her career kept accelerating. In the year 2006, she was elected for the Post of Deputy Managing Director. While on this post, she also handled the Bank’s International & Corporate Business’ work. She is also the member of India-Russia Business Leader’s Forum, US-India CEO Forum and Indian Banks’ Association. In 2011, she was the Co-Chairperson at the World Economic Forums’ Annual Meeting Due to her exceptional career in the Financial Sector, Carleton University, in the year 2014, awarded her with a Doctorate Degree. In her Leadership, the ICICI Bank received the Best Retail Bank in India Award 4 times and And also Excellence in Retail Bank Award in the year 2002 Because of her Excellent Performance, the Asian Banker, in the year 2004, presented her with the Retail Banker of the Year Award She was also presented with the Businesswoman of the Year Award in the year 2005, and the Rising Star Award in the year 2006. Because of her Great Work and Growing Prestige, in the year 2009, she was placed at the 20th position in the Forbes List of 100 Most Powerful Women. Other than this, Chanda Kochhar was also awarded the Padma Bhushan in the Year 2011. Now lets discuss Why did Chanda Kochhar request for an early retirement from the ICICI Bank. She had always been in the news because of her Exceptional Personality But recently she was allegedly accused of unjustifiably sanctioning a loan to the Videocon company To Investigate this matter, the Srikrishna Committee was formed. But, today i.e. on 4th October 2018, before completion of the Investigation, she resigned from her position. The ICICI Board of Directors by accepting her early resignation request have freed her of all her responsibilities towards the group. Sandeep Bakshi has replaced Chanda Kochhar as the new MD and CEO for the next 5 years. This was some detailed information on why Chanda Kochhar left the ICICI Bank. Do let us know your thoughts on this Video through the Comments Sections. Like this video and do Share it with your Friends! Subscribe to Testbook’s Youtube Channel and Don’t Forget to Click the Bell Icon! Thanks for watching this Video and All the Best!

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