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.

ICICI Bank managing director and chief executive Chanda Kochhar said: “I expect to see easing of rates over a period of time as further transmission of accommodative monetary policy takes place.”

Answer: position_held