ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
Business

Kochhar duets with India's rock star central banker

 (placeholder image)
  © Reuters
Chanda Kochhar, CEO of India's ICICI Bank

MUMBAI -- Chanda Kochhar's ICICI Bank is at the forefront of Indian financial reform.

     The 52-year-old CEO of ICICI, India's largest private bank, joined management in the early 2000s. Since becoming CEO in 2009, she has led the bank's expansion. She ranked fourth in Fortune magazine's 2013 global list of top-50 powerful women business leaders.

     That momentum is unlikely to slow. Raghuram Rajan, a famous economist, became governor of India's central bank, the Reserve Bank of India, last September. The new governor's policy has raised expectations of reform in Indian banking. This year is likely to bring change.

     The central bank is encouraging banks to expand their branch networks to rural areas, where financial infrastructure is inadequate. Under Kochhar's leadership, ICICI has increased the number of its branches more than twofold to about 3,500.

     Kochhar is also active in building a banking system that makes the most of information technology, including cellphones, with the support of the central bank.

 

 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more