Chanda Kochhar

ICICI Bank CEO says Budget 2015 empowers entire India

ICICI Bank CEO says Budget 2015 empowers entire India

New Delhi, Feb 28 : ICICI Bank CEO and MD Chanda Kochhar on Saturday said the Union Budget 2015, which was introduced in the Parliament earlier in the day, will empower the entire country and touches the requirements of everyone.

"This budget empowers entire India, because it actually increases the devolution to the states, it actually talks about the youth of India by taking care of skilling and training requirements. It talks about entrepreneurship, innovation. It touches the requirements of everyone," Kochhar said.

"There is a clear focus on infrastructure. There is a clear acceptance of the fact that the initial push needs to be given by public investment. There is directional clarity about how to push infrastructure through various sectors," she added.

India can get billions of dollars in FDI from Japan: Kochhar

Chanda-KochharTokyo: As Prime Minister Narendra Modi promised speedy clearances for Japanese investments, ICICI Bank chief Chanda Kochhar on Monday said India can get billions of dollars of fresh investments from Japan.

Kochhar, who is part of a high-level business delegation that has come here for Modi's first official visit as Prime Minister, said that ICICI Bank will play a major role in arranging funds for Japanese investments into India.

The areas that can attract such investments include railways, smart city projects, biotechnology, clean energy, electronics and the overall infrastructure space, Kochhar told PTI in an interview here.

ICICI will acquire a bank of right size and valuation: Kochhar

ICICIMumbai: ICICI Bank will look at acquiring a bank if it finds one with the right size and right valuation, but is yet to find a takeover target that fits in its evaluation model, the bank chief Chanda Kochhar said.

ICICI Bank, which added 650 branches to its network in the last fiscal ended March 31, 2014, is as such adding business equivalent to the size of one bank in its ordinary course of business and any acquisition target would need to be of a relevant size, Kochhar said.

ICICI to open branches in Australia, SA, Mauritius: Kochhar

ICICI-BankVadodara: The country's largest private sector lender ICICI Bank on Monday said it plans to open branches in Australia, South Africa and Mauritius.

The city-headquartered bank has received the regulatory clearances to open the branches and will also upgrade its representative office in China, Managing Director and Chief Executive Officer Chanda Kochhar said on the sidelines of its 20th annual general meeting here.

ICICI aiming to incease lending to women self help groups

ICICIIndia's leading private sector bank, ICICI has said that it is planning is increase lending to women self help groups in the country.

The banking giant said that it is targeting to more than double its cumulative disbursements to Rs. 2,500 crore to women self help groups (SHGs) within the next financial year.

Managing Director and Chief Exective Chanda Kochhar said, "We started lending to SHGs 30 months ago, and have disbursed around Rs. 1,000 crore till now. We are targeting to take the cumulative disbursements under the programme to Rs. 2,500 crore by March, 2015."

Fortune names 4 Indians among world’s top 50 women business leaders

Chanda KochharFour Indian women led by ICICI Bank Chief Executive Chanda Kochhar have named among the world's top 50 women business leaders by the renowned Fortune magazine.

Fortune magazine ranked Kochhar fourth in its global list of top 50 women business leaders, behind Brazilian energy giant Petrobras' Chief Executive Maria Das Gracas Foster, Turkish conglomerate Sabanci Holding's Guler Sabanci and Australian bank Westpac's chief Gail Kelly, who grabbed the first, second and third spots, respectively.

Eight Indians among Forbes Asia's 50 top businesswomen

Eight Indians among Forbes Asia's 50 top businesswomenWashington, Feb 28 : Eight Indian women, including media baroness Shobhana Bharti, hotelier Priya Paul and banker Chhanda Kochchar, figure among Forbes Asia's list of 50 businesswomen in Asia who are performing at the centrestage in the world's most dynamic region.

ICICI reports 30% surge in net profit; PNB suffers decline of 11.5%

ICICI reports 30% surge in net profit; PNB suffers decline of 11.5%Private sector lender ICICI Bank enjoyed a better-than-expected jump of 30 per cent in net profit to Rs 1,956 crore in the quarter ended September year-on-year.

Analysts had projected an increase of around 22 per cent in the bank's quarterly net profit. The bank attributed the better-than-expected net profit to its higher interest income, dividend income from subsidiaries, unwavering net interest margin and better cost management.

ICICI Bank profit rises 36 per cent in first quarter

ICICI Bank profit rises 36 per cent in first quarterLeading private sector bank, ICICI Bank has reported an increase of 36 per cent in profits during the first quarter of the financial year till 30 June, 2012.

The net income of the bank rose to 18.2 billion rupees during the quarter till June 30, from 13.3 billion rupees in the same quarter of the previous year, it said in a filing with the Bombay Stock Exchange (BSE). The analysts were expected the bank to report a net income of 17.4 billion rupees for the quarter.

ICICI Bank’s net income rises 36 percent in first quarter

ICICI Bank’s net income rises 36 percent in first quarterIndia’s second- largest lender by assets, ICICI Bank has reported a higher than expected 36 per cent rise in its net income during the first quarter of the financial year.

The net income of the bank rose to 18.2 billion rupees during the quarter till June 30, from 13.3 billion rupees in the same quarter of the previous year, it said in a filing with the Bombay Stock Exchange (BSE). The analysts were expected the bank to report a net income of 17.4 billion rupees for the quarter.

India growth story is still intact, says Kochhar

India growth story is still intact, says KochharMr. Chanda Kochhar, the CEO and Managing Director of ICICI Bank has differed from the industry counterparts in saying that the country's growth prospects are still good and pointed out that people are concerned about the negative aspects while they have taken positive one's for granted.

He pointed out that that the global situation was not the "big reason" for the current situation and "a lot of it is in our own hands. But we all tend to talk more about challenges and take the positives for granted."

ICICI Bank on a hiring spree

ICICI Bank on a hiring spreeIndia's biggest private sector lender, ICICI Bank said on Monday that it is going to hire more people this year. The number given by the private sector bank was in between 5,000-7,000 people.

The information was given by a senior official of the bank. Meanwhile, talking to media, ICICI Bank's Managing Director and CEO, Chanda Kochhar said that the bank was looking forward to declare bonus and increment for its employees this year.

She made this announcement during the inauguration of the 2,000th branch of the bank in Mumbai.

Kochhar All Set To Become CEO Of ICICI Bank From April 2009

Kochhar All Set To Become CEO Of ICICI Bank From April 2009K.V. Kamath, managing director and CEO, ICICI Bank, will hand over charge to joint managing director and chief financial officer Chanda Kochhar, in what is being seen as a smooth change of guard in the country's largest private sector bank.

The change will be with effect from April 30, 2009.

Kamath will take over as the non-executive chairman of the board from N.Vaghul, who is designated to retire on April 30, next year.

ICICI Top Brass All Set For Change

ICICI Top Brass All Set For ChangeThere is likely to be a shuffle in the top brass of ICICI after the retirement of N Vaghul on April 30, 2009. Chanda Kochhar is most likely to be appointed as managing director and chief executive officer. Kochhar, who at present is holding the position of joint managing director and chief financial officer of the bank, will succeed KV Kamath, who will become the non-executive chairman.

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