this Powerpoint includes the scam of Chanda Kochhar and her timeline and also about her husbands involvement in the scam.

1. CHANDA KOCHHAR
NAME: ALANKRITI PARITA
COURSE: BBA SEM 6
ROLL NO:. BBAG17044

2. QUESTION
OF
CONFLICT
• The question of conflict of interest arose
in 2012 when ICICI Bank authorised a loan of Rs.
3,250 crore to Videocon.
• Chanda Kochhar was on the committee that
sanctioned the loan. At a first glance this should not
be that big a concern, however, at the time
Videocon was already debt ridden.
• The other reason for a conflict of interest is the
investments made by companies controlled by
Venugopal Dhoot of Videocon Group to Chanda
Kochhar’s husband’s company, NRPL.
• Videocon has been unable to repay the entire loan,
the remaining amount to be paid is Rs. 2,810 crore.
Though this makes up only around 6.5% of
Videocon’s outstanding debt, in 2017 ICICI declared
the Videocon account an NPA.

3. CHANDA KOCHHAR HISTORY
• Chanda Kochhar is the former managing director
and chief executive officer of ICICI Bank.
• Kochhar was born in Jodhpur, Rajasthan in a
Hindu Sindhi family. She was educated at St. Angela Sophia
School, Jaipur.
• She then moved to Mumbai, where she joined Jai Hind
College and earned a bachelor of commerce degree from
the University of Mumbai.
• After graduating in 1982, she studied cost accountancy
from Institute of Cost Accountants of India, and later did a
master of management studies degree in University of
Mumbai from Jamnalal Bajaj Institute of Management
Studies.
• She received the Wockhardt Gold Medal for Excellence in
Management Studies as well as the J. N. Bose Gold Medal
in Cost Accountancy.

4. CHANDA KOCHHAR TIMELINE
• 1984: In 1984, Kochhar joined the Industrial Credit and Investment Corporation
of India (ICICI) as a management trainee. During her early years at ICICI, she
handled project appraisal and monitoring and evaluated projects in industries
such as textile, paper and cement.
• 1993: In 1993, Kochhar was appointed as one of the core team members who
were assigned the responsibility of setting up the bank.
• 1996: She was promoted to assistant general manager in In 1996, Kochhar
headed the newly formed Infrastructure Industry Group of ICICI Bank, which
aimed to create dedicated industry expertise in the areas of power, telecom and
transportation.
• 1998-2000: In 1998, she was promoted as the General Manager and headed
ICICI Bank's major client group, which handled relationships with ICICI's top 200
clients. In 1999, she also handled the strategy and e-commerce divisions of ICICI
Bank. Under Kochhar's leadership, ICICI Bank started building the nascent retail
business in 2000 focusing largely on technology, innovation, process engineering
and expansion of distribution and scale.

5. • 1998-2000: In 1998, she was promoted as the General Manager and headed ICICI Bank's major
client group, which handled relationships with ICICI's top 200 clients. In 1999, she also handled
the strategy and e-commerce divisions of ICICI Bank. Under Kochhar's leadership, ICICI Bank
started building the nascent retail business in 2000 focusing largely on technology, innovation,
process engineering and expansion of distribution and scale.
• 2001-2007: In April 2001, she took over as executive director. In 2006, Kochhar was appointed
as deputy managing director of ICICI Bank. In 2006–07, Kochhar handled the international and
corporate businesses of the bank. From 2007 to 2009, she was the bank's chief financial officer
(CFO) and joint managing director.
• 2008: Deepak Kochhar, along with Videocon group chairman Venugopal Dhoot, sets up
NuPower Renewables.
• May 2009: Chanda Kochhar is promoted as CEO of ICICI Bank, takes over bank’s charge from
KV Kamath.
• June-October 2011: ICICI Bank sanctions six high-value loans to various Videocon Group
companies. Now, it is alleged that Kochhar received kickbacks on these.

6. • 2012: ICICI Bank grants a loan of about Rs3,250 crore
to NuPower Renewables.
• 2106: Arvind Gupta, a whistleblower, writes to prime minister
Narendra Modi and finance minister Arun Jaitley alleging
favouritism by Kochhar in the loan extended to NuPower
Renewables.
• The letters are forwarded to Reserve Bank of India (RBI). A
central bank probe finds no misconduct.
• ICICI Bank appoints law firm Cyril Amarchand Mangaldas to
probe the issue; Kochhar gets a clean chit in December 2016.
• 2017: Almost 86% of the loans granted to the Videocon group
(Rs2,810 crore) remained unpaid and turn into non-
assets.
• March 2018: The whistleblower’s letter surfaces in a blog and
the issue blows up. However, the board stands by Kochhar,
dubbing the allegations “malicious and unfounded rumours.”
But the Central Bureau of Investigation (CBI) steps in and
launches a probe.
• April 2018: The CBI brings in Deepak Kochhar for questioning.
• The government changes its nominee on ICICI Bank’s board
without offering any reasons. The hasty clean chit to Kochhar
believed to be the trigger.

7. • May 2018: The scope of the probe widens after market regulator Securities and
Exchange Board of India initiates an inquiry against Kochhar and the bank for not
making adequate disclosures. As pressure mounts, the board conducts an
independent probe.
• June 2018: The ministry of corporate affairs also launches a probe. The ICICI Bank
board appoints a former judge of the supreme court, BN Srikrishna, to head the
external inquiry committee.
• Kochhar goes on her annual planned leave. Later the bank says Kochhar’s leave
continue till the probe against her is completed. It creates a new position to
oversee and manage the lender’s business in her absence, appointing old hand
Sandeep Bakhshi to this position.
• October 2018: Kochhar decides to step down and Bakhshi is promoted to replace
her.
• January 2019: The CBI finally files an FIR, accusing Chanda Kochhar of criminal
conspiracy. Her husband, Dhoot, and several other prominent bankers on the
bank’s credit committee are also named.

8. ABOUT DEEPAK KOCHHAR
Deepak Kochhar is the husband of ICICI Bank CEO and the person who finds himself at the centre of this
controversy.
Deepak Virendra Kochhar is the co-founder and Chief Executive Officer of NuPower Renewables which was
set up in December 2008.
NuPower Renewables was originally founded as a 50-50 JV between Videocon Group's Venugopal Dhoot
family and Kochhar and Advani families (Chanda Kochhar's brother, Mahesh Advani).
Around that time Chanda Kochhar was the CFO and Joint MD at ICICI Bank.
He studied Masters in Finance from the Jamnalal Bajaj Institute of Management Studies, Bombay University.
That's where he met Chanda Advani(Chanda Kochhar's original name).
He is also an Alumnus of Harvard Business School - Graduate of the Advanced Management Program (AMP).