“We have always said that over the medium and long term, we will disinvest some part of our holding in our major subsidiary companies, and life insurance is our largest subsidiary company.”

Indian banker

Chanda Kochhar is an Indian banker best known for leading ICICI Bank as managing director and chief executive officer from 2009 to 2018. Her career is closely associated with one of India’s largest private sector banks. She resigned from her posts in 2018 amid a conflict of interest case, and ICICI Bank later dismissed her. That decision was upheld by the Supreme Court of India. The public record around her is largely tied to this banking leadership and the later dispute.