"We have large exposures to small and medium enterprises and also to what we call micro, small andmedium enterprises. So it will be wrong to say banks are not lending. In fact, I will say businesses aregoing slow on investment plans," she says."That is the reason they are slow on borrowing."Ask her if ICICI Bank will consider an interest rate cut, another common demand from the corporatesector and households alike, and Kochhar turns a tad more serious and gives an answer that normallycomes from any seasoned banker."Interest rates depend on many factors. Two main ones are inflation that is very stable and liquiditythat is comfortable. There is enough liquidity at present. But there are other issues like fiscal deficitand external borrowing that we have to consider."Does that mean an interest rate cut?"There is room for many corrections," she answers. "You have to wait and watch."Kochhar, nevertheless, believes the Indian economy is on the road to recovery and in a much betterposition than many other countries."We have a very strong domestic market. There is a huge demand. Also, there are clear signs of recovery in sectors like steel and cement. But there are other sectors which will take some time torecover like real estate and auto," she says.
Hi, we're from ICICI. As you know, we're one of the most woman-friendlyorgs. in India, with woman entrepreneurs playing a key role in the Bankssuccess. We believe in gender equality & rewards are based on merit &performance. We understand the personal responsibilities of our womenemployees. Benefits suggested at the time of the conference include a creche,extensively used by male & female employees, & part-time assignments forwomen who are unable to cope with
a full-time commitment.
The number of women entrepreneurs in India may begrowing, but the urban-rural ratio is still rather skewed as isthe class divide with few women from not-soaffluentfamilies taking to entrepreneurship. However, if given achance as many as 78 per cent of poorer women would wantto turn entrepreneurs, says a TiE-GEM study. Based on thisfinding from their own research, The Indus Entrepreneurs(TiE), one of the country’s largest non-profit networks