Place the oil in the Instant Pot and select “Sauté”. Then add the onion and cook for about 3-4 minutes.
Add the garlic and chili powder and cook for about 1 minute.
Select “Cancel” and stir in chicken, beans, salsa and rice and top with broth.
Secure the lid and turn to “Seal” position.
Cook on “Manual” with “High Pressure” for about 10 minutes.
Press “Cancel” and do a quick release.
Remove the lid and transfer chicken mixture into serving bowls.
Top with cilantro and cheese and serve.