Utilize the input text as a context reference, choose the right relationship between Chanda Kochhar and Director from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

We will watch the progress in both and will continue to move forward," ICICI Bank's CEO and Managing Director Chanda Kochhar said here.

Answer: position_held