Some good news at last! Among all the terror-related stuff in the newspapers – this was one piece of wonderful news!
Chanda Kochar has been in the list of the most powerful women in business for some time now. There have been reports of how she has risen up from the ranks through her determination and hard work.
‘Ms Kochhar was instrumental in setting up and scaling up the Retail business for ICICI Bank. In July 2000, under the leadership of Ms. Kochhar, ICICI Bank entered the Retail business and within a short span of around 5 years, the Bank emerged as the largest retail financer in India. Under her leadership, the Retail banking business of ICICI Bank grew many folds and the Bank has established itself as a clear “Leader” in Car Finance, Home Finance, Card business and Two Wheeler & Commercial Vehicle Loans.
In the process of transforming a small bank into the largest private sector bank in the country, within a decade of its inception, the various steps taken by Ms. Kochhar also shaped the retail finance industry in India. Few such path-breaking initiatives included launch of electronic channels in banking, developing a large network of Direct Sales Agents, setting up Bancassurance model of ICICI Bank and using the concept of cross sell by using various channels. In April 2001, she took over as Executive Director, heading the retail business in ICICI Bank.’
Having been in the corporate world myself, I know how difficult it is to balance both personal and professional life. Here’s to more of her kind! Here’s wishing her all the best and hoping to see more reports of many more dynamic successful women in business!
To read more about Chanda Kochar