Kochhar:I moved from corporate banking to retail banking about ten years ago. And here I am talking about, ideating. After 10 years of working in the same bank she was given the responsibility to be the General Manager in 1994 followed by which she became the Deputy General Manager in the year 1996. On the other , the branch network was being expanded. But we need to be judicious while moderating your comments.
In 2010, she fell to number 92 in the Forbes list, but in 2011 bounced back to 43. If we include the entire who's who of the banking industry-- with or without evidence -- what cause are we serving or actually hurting. So what is it that makes some people more successful than others at the workplace? Once you start the project, see it till the end. As we speak today, this growth in consumerism is leading to a huge investment cycle in India. Just concentrate on the bull's eye. We had to reorient the thinking in the minds of our people. He may not have been the most senior guy, but he was close to reality.
In 2006—07, Kochhar handled the international and corporate businesses of the bank. It enhances her decision making process and helps her in taking difficult decisions. Yeah, that's true, and I think that is in a way the job of a leader that when there is stress the leader has to maintain all the poise. She is a member of the Indian Council for the Research on International Finance and International Monetary Conference. Neither we indulge in, nor fear, vindictive politics, he asserted.
While a large part of this is business with Indian clients, their operations are spread all over the world. McKinsey: Do you see your role as more of a big-picture strategist or a hands-on manager? Your innovative ideas that make a difference and bring value to the organization will take you higher up the ladder. And for the past two years I have been holding regularly scheduled employee discussion meetings. In the last four or five years, the growth was essentially driven by consumer credit. The world today is so volatile that just about anything you need to implement has to be done in 90 days, and sometimes in 60 days or even 30 days, or it risks becoming irrelevant. . Because if you don't balance both its very easy to get carried away one way or the other.
She is the second Indian in the list behind the ruling Congress party chief Sonia Gandhi at number 13. What would be the impact on our customers? When you considered each of these new assignments, were you worried about mastering the new areas? It entrusted her a significant position that led to a series of promotions to assistant general manager, deputy general manager, and general manager positions because of her consistent brilliance in getting her job done. It was because Steve Jobs loved working around computers, that he got the idea of Apple. In the globalized world of today, no country remains immune to what happens elsewhere, but at the same time, India is very resilient because of the sheer fact that the domestic economy is very large. Similarly, women should not expect any special advantages or favors. While growth for the retail and consumer industry is going to be between 10% and 15%, the growth in corporate lending will accelerate and be between 30% and 40%.
In year 1991, when country was dwindling under financial pressure from all corner, it was then the concept of privatisation of bank was done. This is a young country. Chanda communicates and allows others to share their opinions. Finally one can admire Chanda Kochhar for the fact that she has not inherited success. Likewise,she was the leaders that came in all shapes, sizes, forms, backgrounds, ethic groups, and so forth. The money is allotted for welfare activities and providing aid for the families of the fallen soldiers.
Michael Jermaine Cards has made a second home in Singapore for the past 15 years. The constant challenge is to keep evolving and adapting as the country and the company evolves. She is the first woman recipient of this award in 31 years. If I was not a person who could adapt and move with this evolution, I would not have grown as a leader. Kochhar was ranked as the most powerful businesswoman in India in Forbes' list of 'The World's 100 Most Powerful Women 2013'. Earlier this year she won the Padma Bhushan award. It is the difference in our dreams that brings about a difference in our actions.
Chanda herself managed to detach her work from her family to avoid blurring the lines between these two facets of her life. Further, the bank was overly dependent on wholesale deposits as opposed to lower cost retail deposits and was under pressure owing to its risky unsecured retail lending portfolio. No, I think it's not correct to be you know ever satisfied and sit back and say that everything is done. Her abilities in the financial sector were highly appreciated in the company which got her a post of general manager in 1994. The rising competition in every field of business has made it a compulsion to innovate. She find truths beyond truths, they will also accept proven facts that come theier.