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Now, Kochhar named among four 'women to watch' globally

Posted on: Mon, 02 Nov 2009 11:24:00 EST

Symbols: IBN

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New York, Aug 23, 2009 (Asia Pulse Data Source via COMTEX) --
IBN | Quote | Chart | News | PowerRating -- Having found her to be the most powerful women in India after the country's ruling alliance chairperson Sonia Gandhi, business magazine Forbes has also named ICICI Bank chief Chanda Kochhar among four women from across the world to watch out for in the next 12 months.

In the latest edition of its 'world's 100 most powerful women' annual ranking, Forbes has named Kochhar, CEO and MD of the country's top private sector bank, at the 20th position.

Among the resident Indians on the list, Kochhar is ranked next only to Gandhi, chief of Congress party and chairperson of the country's ruling United Progressive Alliance.

In a separate list of four 'women to watch' in the next 12 months also, Forbes has named Kochhar alongside Xerox' CEO Ursula Burns, Iceland Prime Minister Johanna Sigurdardottir and Bank of America's Global Wealth Management President Sallie L Krawcheck.

"(Kochhar) created a stir after becoming the first woman boss of India's second-largest bank in May. Besides cutting costs, she has been very conservative: solicits deposits but doesn't spend a lot on marketing; issues bank credit cards sparingly. (ICICI Bank's) net profits rose 18 per cent in the last quarter over the previous one," Forbes said about Kochhar in the list of 'Women to Watch'.

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