Chanda Kochhar Quotes
Normally, we define banks as being either retail or corporate, but ICICI transformed itself from a corporate bank into a retail bank and, now, a universal bank.
During this crises, the taxpayers of America had to bail out most of the largest banks in the country whose profligate investment strategy had squandered their depositors and other customers money as a result of the spiral to reap higher and higher profits until they collapsed with the executives making millions in bonuses when their banks were losing money. They put millions of people out of work, and their greedy policies crashed the housing market and then the same banks evicted millions of families when the banks foreclosed on their mortgages with thousands of bank officers committing felonies in the foreclosure processes. This was to Blankfiein and many of the other leading bankers, “God’s Work”.
Chanda Kochhar is former managing director and chief executive officer of ICICI Bank. However, on 4 October 2018 she stepped down from her position as part of government change of banking procedure.Her Portfolio being Videocon funding. Chanda Kochhar quits ICICI Bank.Sandeep Bakhshi is appointed new CEO. Her contribution to portfolio include Videocon and board of ICICI Bank. After her exit, Sandeep Bakhshi, who was the interim Managing Director and CEO became the full-time MD and CEO of ICICI Bank.
