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5 Indians Who Influence Global Finance
By siliconindia
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Tuesday, 04 October 2011, 01:39 IST |
2 Comments
2. Chanda Kochhar:
MD and CEO of India's largest private bank, ICICI. Chanda Kochhar has helped shape the bank's ever-evolving strategy. Having started out at ICICI as a management trainee in 1984, today she is ICICI Bank's joint MD and the CEO of the company. Earlier this year she won the Padma Bhushan award, the Indian government's highest civilian honour. In 2009, she landed the number 20 spot in the Forbes World's 100 Most Powerful Women list. She was the first to try the strategy of moving from corporate banking to retail banking about ten years ago. "The biggest challenge for me, for all of us, was that the consumer-credit market was very, very new for India and for ICICI. I was trying to create something that was not just new for me but absolutely unknown to the organization and the country as a whole." Chanda said. In mid-2000 she led ICICI bank's foray into the retail industry.
