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Chanda Kochhar: Profile, Bio, Age, Husband and Family



🌟 Who is Chanda Kochhar?

Chanda Advani Kochhar (born 17 November 1961) is an Indian banker best known as the first woman to lead a major private-sector bank in India — ICICI Bank — as its Managing Director & CEO from May 2009 until October 2018 (Wikipedia).

  • Early Life & Education
    Born in Jodhpur, Rajasthan, Kochhar grew up in a Sindhi family. She attended St. Angela Sophia School in Jaipur before earning a B.Com from Jai Hind College and later graduating from the Jamnalal Bajaj Institute of Management Studies (MMS) (Wikipedia). She was recognized with the Wockhardt Gold Medal and J. N. Bose Gold Medal for excellence in cost accountancy.

  • Professional Rise
    In 1984, she joined ICICI as a management trainee and quickly rose through roles in project appraisal, strategy, and corporate banking. Kochhar played a pivotal role in launching ICICI Bank in 1993 and ascended to CEO in 2009 (Wikipedia).

🏆 Achievements & Recognition

Under Kochhar’s leadership, ICICI Bank gained multiple honors in retail banking, including from The Asian Banker. She earned accolades such as “Retail Banker of the Year (Asia‑Pacific)” in 2004, Economic Times Business Woman of the Year (2005), and consistently featured on Forbes and Fortune lists of powerful women. In 2011, she was awarded India’s Padma Bhushan, and received various international honors (Wikipedia).

🔍 The Videocon Loan Controversy & Legal Troubles

Conflict of Interest Allegations

  • In 2018, allegations surfaced that Kochhar had sanctioned loans to Videocon Group—a borrower in a consortium lending arrangement—while her husband, Deepak Kochhar, possessed business ties to Videocon promoter Venugopal Dhoot. The allegations centered on a ₹3,250 crore loan that eventually became a non-performing asset (NPA) (Business Standard).

  • A board‑appointed inquiry led by Justice B. N. Srikrishna found violations of ICICI’s code of conduct and conflict-of-interest policies (Firstpost).

  • SEBI issued a show-cause notice in June 2018, citing undisclosed conflicts with NuPower Renewables Pvt Ltd—an entity linked to Kochhar’s husband—and demanded responses from both Kochhar and ICICI Bank (Wikipedia).

Resignation & Termination

On 4 October 2018, Chanda Kochhar resigned amid growing scrutiny and was subsequently terminated by ICICI Bank. She later lost her appeal against the termination before India’s Supreme Court (Wikipedia).

Legal Proceedings: CBI, ED & Court Verdicts

  • The Central Bureau of Investigation (CBI) filed multiple charges in early 2019 alleging conspiracy and cheating (₹1,730 crore fraud) (Wikipedia, The Indian Express).

  • In August 2021, the Enforcement Directorate filed a money laundering case and attached Kochhar’s assets valued at ₹78 crore (Wikipedia).

  • On 23 Dec 2022, Chanda Kochhar and Deepak Kochhar were arrested by the CBI (Wikipedia).

  • The Bombay High Court granted bail and described their arrest as illegal in Jan–Feb 2023 (Wikibio).

  • In September 2024, the Supreme Court sought responses on CBI’s petition regarding the legality of their arrests; in November 2024 the court barred coercive actions and restricted questioning timings (Wikipedia).

  • Latest update (July 3, 2025): An appellate tribunal has found Kochhar guilty of accepting ₹64 crore in bribes via her husband to facilitate a ₹300 crore loan to Videocon (Zee Business).

📅 Timeline of Key Developments

Year Milestone
1961 Born in Jodhpur
1984 Joined ICICI as trainee
2009 Became MD & CEO of ICICI Bank
2011 Awarded Padma Bhushan
2018 Resigned amid controversy
2019 CBI files charges for fraud
2020–21 ED attaches assets; Kochhars granted bail
2022 Arrested by CBI
Jan 2023 Bail granted; arrests deemed illegal
Sep 2024 SC seeks replies on arrest legality
Nov 2024 Court bars coercive measures
Jul 3, 2025 Guilty verdict in appellate tribunal

🌐 Personal Life & Image

  • Family
    Chanda is married to Deepak Kochhar, a wind-energy entrepreneur and her former classmate. They have two children and reside in Mumbai (The Indian Express, Wikipedia, Wikipedia, Zee Business).

  • Persona
    Once celebrated as a role model for women in leadership and frequently quoted in motivational forums, her current public image is overshadowed by allegations of corruption. Reddit discussions reflect a mix of admiration and disillusionment:

    “Chanda Kochhar was once a successful banker but came out to be a fraudster.” (The Economic Times, Reddit)

📈 SEO‑Rich Angles & Keywords

To optimize for search engines, ensure inclusion of these terms:

  • “Chanda Kochhar biography”

  • “Chanda Kochhar controversy 2025”

  • “ICICI Videocon loan case”

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🔥 Top Interesting Facts

  1. Breaking the Glass Ceiling – First woman to helm a leading Indian bank.

  2. Accolades & Honors – Padma Bhushan recipient, placed in Forbes & Fortune’s elite lists.

  3. Family Ties in Business – Husband co-founded a renewable-energy firm with ties to Videocon.

  4. Massive Loan Deal – Faced scrutiny over sanctioning ₹3,250 crore to Videocon, a portion of which became an NPA.

  5. Assets Attached – ₹78 crore worth of Kochhar family assets were seized by authorities in 2020.

  6. Trail of Legal Battles – From whistleblower complaints to Supreme Court hearings and 2025 tribunal conviction.

💡 Frequently Asked Questions (FAQs)

Q1: Who is Chanda Kochhar?
A: She is a former MD & CEO of ICICI Bank (2009–18), first woman leader of a major private Indian bank, honored with the Padma Bhushan in 2011.

Q2: What is the Videocon loan scandal?
A: The controversy revolves around allegations that Kochhar facilitated loans totalling ₹3,250 crore to Videocon Group members while her husband received ₹64 crore in bribes via a related firm, NuPower Renewables (Artikel Siakadpt, The Financial Express, Zee Business, Wikipedia).

Q3: What’s the current legal status?
A: As of July 3, 2025, an appellate tribunal ruled her guilty of accepting ₹64 crore in bribes. Cases are ongoing, with trial and appeals pending.

Q4: Has she lost awards or honors?
A: Official revocation of her accolades, including the Padma Bhushan, has not been reported, but numerous calls for withdrawal have emerged amid scandal (Wikipedia).

Q5: How did Kochhar respond to allegations?
A: She has consistently denied wrongdoing, resigned from ICICI, and challenged legal decisions; her Supreme Court appeal regarding termination was unsuccessful, and she has contested arrest legality (www.ndtv.com, The Indian Express).

🧾 Final Thoughts

Chanda Kochhar’s trajectory is a compelling case study of meteoric rise and abrupt fall. Her ascent inspired many, but her alleged ethical lapses and legal battles serve as cautionary tales on corporate governance, conflicts of interest, and accountability.

Whether you view her as empowered leader or fallen icon, her story remains one of the most discussed in Indian corporate history—and rightfully so, given recent tribunal findings in July 2025 reinforcing the gravity of the Videocon loan controversy.


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