Utilize the input text as a context reference, choose the right relationship between Chanda Kochhar and ICICI Bank 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.

ICICI Bank MD and CEO Chanda Kochhar asserted rates would come down and a large part of the cut would get transmitted.

Answer: employer