New Delhi: Chanda Deepak Kochhar, set to take over as managing director and chief executive of ICICI Bank

, India's largest in the private sector, firmly believes women make better bankers, even if a lot also depends on how they use the opportunities that come their way. "So far as the financial sector is concerned, I feel women are always better with managing finance," says the 47-year-old banker who takes charge Friday at the landmark ICICI Bank Towers in BandraKurla Complex in suburban Mumbai.

"Sometimes women also make it an excuse for not doing certain tasks. But if you want equal opportunity you have to perform equally," Kochhar said in an interview with IANS here before leaving for Mumbai. According to her, ICICI Bank is an excellent example of equal opportunities as it employs over 10,000 women. "So it will be wrong to say they don't get the opportunity. But then it also depends on how efficiently one uses this opportunity." Tracing her own 25-year journey in the institution, Kochhar says it has been full of challenges and also exciting - one in which there was a long and continuous process of both personal and professional growth. "With my new role these challenges and excitement will be only bigger," says the soft-spoken banker who had joined the institution as a trainee executive in 1984 when it was called the Industrial Credit and Investment Corp of India. The priorities ahead are clear for this Jodhpur-born management student and a cost accountant who figures in Fortune magazine's list of most powerful women in business. "There is a strong legacy of ICICI Bank. But we have to mould the structure of our strategy to be in sync with the current market situation," she says, and adds: "The main focus will be on retail investors." Kochhar says her aim is to increase retail deposits that will be at the core of business growth for the bank, since no revival was possible without this segment. She also says there will be a fresh approach to lending. "As I said, our steps will be more measured. You will see many positive changes in the future," she says. "There will be restructuring of our deposit base. I cannot divulge everything at this moment. You'll have to wait for that. But as I said, there will be positive changes." Kochhar also does not buy the argument that banks were not lending, despite the measures taken by the country's central bank that has resulted in huge addition to the quantum of money at their disposal to extend credit to the corporate sector.

"We have large exposures to small and medium enterprises and also to what we call micro, small and medium enterprises. So it will be wrong to say banks are not lending. In fact, I will say businesses are going 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 corporate sector and households alike, and Kochhar turns a tad more serious and gives an answer that normally comes from any seasoned banker. "Interest rates depend on many factors. Two main ones are inflation that is very stable and liquidity that is comfortable. There is enough liquidity at present. But there are other issues like fiscal deficit and 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 better position 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 to recover like real estate and auto," she says.

Hi, we're from ICICI. As you know, we're one of the most woman-friendly orgs. in India, with woman entrepreneurs playing a key role in the Banks success. We believe in gender equality & rewards are based on merit & performance. We understand the personal responsibilities of our women employees. Benefits suggested at the time of the conference include a creche, extensively used by male & female employees, & part-time assignments for women who are unable to cope with a full-time commitment.
The number of women entrepreneurs in India may be growing, but the urban-rural ratio is still rather skewed as is the class divide with few women from not-soaffluent families taking to entrepreneurship. However, if given a chance as many as 78 per cent of poorer women would want to turn entrepreneurs, says a TiE-GEM study. Based on this finding from their own research, The Indus Entrepreneurs (TiE), one of the country’s largest non-profit networks

dedicated to the advancement of entrepreneurship, has roped in some of the most powerful businesswomen in India to help these budding entrepreneurs. The likes of Shikha Sharma, Chanda Kochar, Rama Bijapurkar and Anita Ramachandran have helped launch TiE Stree Shakti—a women’s entrepreneurship platform. The TiE-study revealed that 90 per cent of women at the grassroot level need help in training and education to improve their business skills, specially since 78 per cent of them are keen to start a business but need support. “The objective of this initiative is to recognise more women who are on their own and introduce them to other like-minded women,” says Shikha Sharma, CEO, ICICI Prudential Insurance. Recently, a Grant Thornton International study also showed that in India only 15 per cent women hold senior management positions in privately-held businesses with Chennai topping the list at 22 per cent followed by Delhi (18). The next 2-3 months will witness TiE chapters across India connecting with women keen to start their businesses by holding training sessions in 15 cities. TiE is also planning to set up a fund for women entrepreneurs.

On May 1, Chanda Kochhar became CEO of ICICI Bank, India's largest private bank and a major player in the Indian economy and beyond. In an interview with Knowledge@Wharton, Kochhar spoke about her success in Indias maledominated banking world, the challenges women face as they advance in their careers, and what entrepreneurs need to keep in mind as they seek funding. Category : Education Tags : ICICI Bank Chanda Kochhar Wharton India Economic Forum women careers
Women's Struggle And Reforms

Though women of India are not at par with her counterpart in Western world but she is struggling hard to make her mark in men's world. We can count on certain names from the British India where women put the example of extraordinary bravery which even men might not be able to show. Rani Lakshmi Bai of Jhansi was the one such woman. She was the one who put even British rulers to shame with her extraordinary feats in battle. She fought for her kingdom, which Dalhousie, British Governor General, had unlawfully annexed. She was in a true sense the leader of uprising of 1857. There are certain men who took the cause of women in India. There have been social reformers like Raja Ram Mohan Roy, Ishwar Chandra Vidyasagar, Swami Vivekanand, Swami Dayananda Saraswati who have helped women gain their previous status in society.

Debashish Ghosh, a final year MBA student at the Indian Institute of Technology, Madras, met
IIT-M's annual cultural fest.


Amarnath, a second-year Economics graduate student at Stella Mary's College, Chennai, last year at Saarang, the

The meeting led to a joint column on Chennai-based entrepreneurs for a city-based newspaper, which was followed by an idea to write a book -- The Voyage to Excellence -- on women entrepreneurs. Why a book on women entrepreneurs? "Because no such book was available in the market. As we searched, we found that there were books available on male entrepreneurs but nothing on women. So, we thought, why not give it a try," Debashish explained. The reasons to decide on women entrepreneurs were different for Nischinta. "We want to enable other men and women to join mainstream economic activities. I feel women are doing a wonderful job striking a balance between their house and career. So, we want to inculcate the entrepreneurial spirit in women and encourage other young women to also start something of their own." Debashish, however, disagreed with her. He felt there was nothing special about gender. According to him, entrepreneurship is gender-neutral. The 21 Leading Businesswomen in India [ Images ] *

1 2 3 4 5

Akhila Srinivasan, Managing Director, Shriram Investments Ltd Chanda Kocchar, Executive Director, ICICI Bank [ Get Quote ] Ekta Kapoor [ Images ], Creative Director, Balaji Telefilms [ Get Quote ] Jyoit Naik, President, Lijjat Papad Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon [
Get Quote ]

6 7 8 9 10 11 12 13

Lalita D Gupte, Joint Managing Director, ICICI Bank Naina Lal Kidwai [ Images ], Deputy CEO, HSBC Preetha Reddy, Managing Director, Apollo Hospitals [ Get Quote ] Priya Paul, Chairman, Apeejay Park Hotels Rajshree Pathy, Chairman, Rajshree Sugars and Chemicals Ltd Ranjana Kumar [ Images ], Chairman, NABARD Ravina Raj Kohli, Media personality and ex-President, STAR News Renuka Ramnath, CEO, ICICI Ventures

14 15 16 17 18 19 20 21

Ritu Kumar [ Images ], Fashion Designer Ritu Nanda, CEO, Escolife Shahnaz Hussain, CEO, Shahnaz Herbals Sharan Apparao, Proprietor, Apparao Galleries Simone Tata, Chairman, Trent Ltd [ Get Quote ] Sulajja Firodia Motwani, Joint MD, Kinetic Engineering [ Get Quote ] Tarjani Vakil, former Chairman and Managing Director, EXIM Bank Zia Mody, Senior Partner, AZB & Partners

* in alphabetical order

"These successful people happened to be women, that's all. Since the book is about women entrepreneurs, there is gender sensitivity. So, to me, the book is more from a business perspective than from a gender perspective. It was limited to women because no such book was available." Once they decided upon the idea, the search for famous women entrepreneurs from all over India began. A list was made based on the maximum number of search results on Google, the number of awards these women have won and the sectors they led. Although the initial decision was to have ten women in this list, they soon found it difficult to contain the list to ten. So, they chose not have any upper limit. Finally, there were 21 most successful women entrepreneurs in the book. The idea, which took shape in June 2004, went on for nine whole months. "Once the list was finalised, we started collecting a lot of secondary data based on research. Then, we began calling these women on their company board line numbers. We first got in touch with their secretaries and proceeded from there," says Debashish. How did the companies react to two students seeking for appointments with such top level executives? "Yes, initially, we were not taken seriously by many, but afterwards the fact that we were students worked to our advantage. We managed to convince them about the credibility of the book. But we had to schedule, reschedule and cancel some interviews. One interview was cancelled midway -- something that was very disappointing." The first interviews were done with the women entrepreneurs in Chennai and then the duo moved to Mumbai [ Images ]. "We still remember the travels we undertook. I was in Delhi [ Images ], and it was raining heavily, and I got drenched completely while going for my assignment. Still, I did the interview. Another journey we could never forget was one we undertook from Chennai to Bangalore. It was nighttime and, on the way, the bus broke down. We were stranded midway and had to keep awake the whole night. However, we managed to do the interview in the morning," Debashish narrated.

"Similarly, we had two appointments in Delhi and when we reached there, one of the persons cancelled the appointment. Imagine, we had travelled all the way from Chennai to Delhi for the interviews. Luckily, the one with Ritu Nanda went on very well," said Nischinta. The shortest interview they did was with Ekta Kapoor. And, the longest was with Kiran Mazumdar-Shaw. "We got a chance to interact not only with her but with many of her company officials. We spoke to people -- from her driver to the executives there. That was a very memorable opportunity." As both the authors were students (, they couldn't afford to miss classes even when they worked on the book. For the last nearly one month, they had been attending classes during the day and transcribing the interviews at night which left them with very little time to sleep. Some days, they even used to go from the IIT library where they worked straight into morning classes without even a wink of sleep. While Debashish had to only walk to his class, Nischinta had to go back home before rushing to college! For nine whole months, one of them was constantly working on the book. As their exams never clashed, the work on the book continued unabated. "That was the main reason I chose to have her as my partner," Debashish said. "We never thought we should make any money or profit out of this venture. Our idea was to inspire many more women," Debashish confided. The authors decided not to rank their interviewees. Instead they arranged the interviews in alphabetical order. Finally, they got none other than one of the most famous Indian entrepreneurs, Infosys [ Get Quote ] Chairman N R Narayana Murthy [ Images ], to write a foreword, but only after a lot of persuasion. "We succeeded because we refused to take 'no' for an answer." There was no time for celebration at all for either of them after they were finished with the last line of the book, The Voyage to Excellence ( Hardly surprising, for what awaited them were university exams. Photograph of Debashish Ghosh and Nischinta Amarnatha by Sreeram Selvaraj

Chanda Kochhar (born November 17, 1961) is currently the Managing Director (MD) of ICICI Bank and Chief Executive Officer (CEO). ICICI Bank is India's largest private bank and overall second largest bank in the country.[1][2] She also heads the Corporate Centre of ICICI Bank. Kocchar has also consistently figured in Fortune's list of "Most Powerful Women in Business" since 2005. In 2009, she debuted at number 20 in the Forbes "World's 100 Most Powerful Women list".


1 Personal life

2 Career
○ ○ ○

2.1 1984–1993 2.2 1993–2006 2.3 2006–present

• • •

3 Recognition 4 References 5 External links

[edit] Personal life
Chanda Kochhar was born in Jodhpur, Rajasthan and raised in Jaipur, Rajasthan. She then moved to Mumbai, where she joined Jai Hind College for a Bachelor of Arts degree. Kochhar graduated from the College in 1982 and then pursued MBA and Cost Accountancy(ICWAI). Later, she acquired the Masters Degree in Management Studies from the prestigious Jamnalal Bajaj Institute of Management Studies, Mumbai. Kocchar received the Wockhardt Gold Medal for Excellence in Management Studies as well as the J. N. Bose Gold Medal in Cost Accountancy for highest marks in the same year. Kocchar currently resides in Mumbai, and is married. She has two children, a son and a daughter.[3]

[edit] Career
[edit] 1984–1993
In 1984, Chanda Kochhar joined "The Industrial Credit and Investment Corporation of India Ltd" or ICICI Ltd.[4] as a Management trainee after her Masters. In her early years in ICICI, she handled Project Appraisal and Monitoring and projects in various industries like Petrochemicals, Textile, Paper and Cement.[3]

[edit] 1993–2006
In 1993, Kocchar was sent to ICICI bank as part of a core team to set the bank. She was promoted to Assistant General Manager in 1994 and then to Deputy General Manager in 1996. In 1996, Kocchar headed the newly formed the Infrastructure Industry Group of ICICI, which aimed "to create dedicated industry expertise in the areas of Power, Telecom and Transportation". In 1998, she was promoted as the General Manager and headed ICICI's “Major Client Group”, which handled relationships with ICICI's top 200 clients. In 1999, she also handled the Strategy and E-commerce divisions of ICICI. Under Kochhar's leadership, ICICI bank started the Retail business in July 2000 and emerged the largest retail financer in India, in the next five years. In April 2001, she took over as Executive Director, heading the in ICICI Bank.[3]

[edit] 2006–present
In April 2006, Chanda Kocchar was appointed as Deputy Managing Director of ICICI Bank. She managed the Corporate and Retail banking business of ICICI Bank. From October 2006 to October 2007, she handled the International and Corporate businesses of ICICI Bank. From October 2007 to April 2009, Kocchar was also the bank's Chief Financial Officer (CFO), Joint Managing Director (JMD) and the official spokesperson. She also headed the Corporate Centre of ICICI Bank.[3][5] She is also a director of different ICICI group companies. She is the

chairperson of ICICI Bank Eurasia Limited Liability Company and ICICI Investment Management Company Limited. Kocchar is the Vice-Chairperson of ICICI Bank UK PLC and ICICI Bank Canada. She is a director in ICICI International Limited and ICICI Prudential Life Insurance Company Ltd. and part of the Governing Council in The ICICI Foundation for Inclusive Growth-Member.[6] Kocchar is CEO and MD of ICICI Bank from May 2009 for a period of five years. She succeeds K. V. Kamath, who was CEO of the bank since 1996.[2][7]

[edit] Recognition
Under Kocchar's leadership, ICICI Bank won the “Best Retail Bank in India” award in 2001, 2003, 2004 and 2005 and “Excellence in Retail Banking Award” in 2002; both awards were given by the The Asian Banker. Kocchar personally was awarded "Retail Banker of the Year 2004 (Asia-Pacific region)" by the Asian Banker, "Business Woman of the Year 2005" by The Economic Times and "Rising Star Award" for Global Awards 2006 by Retail Banker International. Kocchar has also consistently figured in Fortune's list of "Most Powerful Women in Business" since 2005.[3] She climbed up the list debuting with the 47th position in 2005, moving up 10 spots to 37 in 2006 and then to 33 in 2007.[8][9] In the 2008 list, Kocchar features at the 25th spot.[10] In 2009, she debuted at number 20 in the Forbes "World's 100 Most Powerful Women list". She is the second Indian in the list behind the ruling Indian National Congress party chief Sonia Gandhi at number 13.[11]

Chanda Kocchar

Kocchar at the World Economic Forum's India Economic Summit 2009 November 17, 1961 (1961-11-17) (age 48) Jodhpur, India CEO and MD, ICICI Bank A son and a daughter


Occupation Children

1.Communication - clear, concise and kind internally and externally 2. Team building - pay attention to all players and enhance cohesiveness by leading from the front 3. Smoother interpersonal skills - use "I need you to" instead of "You did..."phrases while interacting... 4. Composure under stress - dont react but weigh the situation and postpone emotional response 5. Handling ambiguity - be prepared to chop and change as per customer need 6. Big picture seeing - allows you to fill latent needs in your customer 7. Patience - for results, for performance,for new ventures to succeed 8. Writing skills - encompasses text messages, emails treating them all as business communications. 9. Empathy - feel for your cutomer and your team mates, success will follow. 10. Global mindset - understand, strategize and act knowing yourself, knowing the other side, adapting as the situation needs. Enistein said - women think differently.those who employ women will win - so on international womens day GA which is a 73% women company offers to mentor globalindian entrepreneurs and professionals.

ENTREPRENEURSHIP DefinitionEntrepreneurship is niegther science nor an art . It is the practice. It has a knowledge base . -- Peter DruckerEntrepreneurship is the practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities.Entrepreneurship is a creative human act involving the mobilization of resources from one level of productive use to a higher level of use. "It is the process by which the individual pursue opportunities without regard to resources currently controlled."Entrepreneurship involves a willingness to take responsibility and ability to put mind to a task and see it through from inception to completion. Another ingredient of entrepreneurship is sensing opportunities, while others see chaos, contradiction, and confusion. Essence of Entrepreneurship is going against time with maturity and serving as a change agent.

In late October 2003, Canada released the report of the Prime Minister's Task Force on Women Entrepreneurs. The task force was chaired by Sarmite Bulte, a member of Canada's parliament and former president of the Canadian Association of Women Entrepreneurs. For Forum readers who design export strategies with women entrepreneurs' needs in mind, the report is a useful reference. "Most of the issues that women face in Canada are the same in developing countries-it's a matter of degree," noted Andrina Lever, who contributed to the Canadian report; she also serves as a…

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