Women Honchos of Indian Banks
By siliconindia   |   Friday, 20 January 2012, 01:11 IST
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Women Honchos of Indian Banks
Banking in India is slowly getting dominated by the fairer sex. But it's not the same scenario when compared to western counterparts. It has been said, had the UK banks got more women on board, it would have created a lot of difference in the scenario post-recession. Banking in west is basically a male dominated arena and it's difficult for women to make a niche for in that domain. The Indian Banking sector was considered to be a male dominated until 1980s, but with more women getting into the sector, the humungous change can be seen in the last three decades. 75 percent of Indian banks in financial sectors have women on their board as top heads or CEOs. Chanda Kocchar works as the Managing Director and CEO of ICICI Bank, while her former colleagues Shikha Sharma and Kalpana Morparia head Axis Bank and JP Morgan India, respectively. It all started a decade ago when Ranjana Kumar was appointed Indian Bank CMD. While Central Bank of India is headed by H A Daruwala, Dena Bank has a woman CMD in Nupur Mitra. Even the Reserve Bank of India has K J Udeshi to Shyamala Gopinath and Usha Thorat in its work force. Women can deal better when it comes to retail banking as its more of sustaining a relationship thing. Capable enough to handle such situations at household, they put in their nurturing and adjusting nature into workplace as well. However, the bottom line is that women are competent to keep in mind what exactly their customers looking for and they show empathy towards their customers that leads the fairer sex to move ahead in banking sector.

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