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    Breaking The Glass Ceiling - Women of Indian Banking

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    The document discusses the progress women have made in breaking the glass ceiling in Indian banking leadership. It notes that while only a dozen Fortune 500 companies have female CEOs in the US, several major Indian banks have women in their top executive roles, including ICICI Bank's CEO Chanda Kochhar. The document also discusses research finding that over half of women CEOs in India's financial sector and attributes some of the stability of Indian banks during the 2008 financial crisis to having women in leadership positions, as women are described as taking less risks and being less vulnerable to corruption than men.

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    Breaking The Glass Ceiling - Women of Indian Banking

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    businessviewsreviews
    187 views4 pages
    The document discusses the progress women have made in breaking the glass ceiling in Indian banking leadership. It notes that while only a dozen Fortune 500 companies have female CEOs in the US, several major Indian banks have women in their top executive roles, including ICICI Bank's CEO Chanda Kochhar. The document also discusses research finding that over half of women CEOs in India's financial sector and attributes some of the stability of Indian banks during the 2008 financial crisis to having women in leadership positions, as women are described as taking less risks and being less vulnerable to corruption than men.

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    Breaking the Glass Ceiling- Women of Indian Banking

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    The document discusses the progress women have made in breaking the glass ceiling in Indian banking leadership. It notes that while only a dozen Fortune 500 companies have female CEOs in the US, several major Indian banks have women in their top executive roles, including ICICI Bank's CEO Chanda Kochhar. The document also discusses research finding that over half of women CEOs in India's financial sector and attributes some of the stability of Indian banks during the 2008 financial crisis to having women in leadership positions, as women are described as taking less risks and being less vulnerable to corruption than men.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    187 views4 pages

    Breaking The Glass Ceiling - Women of Indian Banking

    Uploaded by

    businessviewsreviews
    The document discusses the progress women have made in breaking the glass ceiling in Indian banking leadership. It notes that while only a dozen Fortune 500 companies have female CEOs in the US, several major Indian banks have women in their top executive roles, including ICICI Bank's CEO Chanda Kochhar. The document also discusses research finding that over half of women CEOs in India's financial sector and attributes some of the stability of Indian banks during the 2008 financial crisis to having women in leadership positions, as women are described as taking less risks and being less vulnerable to corruption than men.

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    Breaking the Glass Ceiling: Women of Indian Banking

    Breaking the Glass Ceiling:


    Women of Indian Banking

    Ms. Chanda D. Kochhar


    MD & CEO, ICICI Bank

    For refreshing business insights: log on to www.businessviewsreviews.blogspot.com


    Breaking the Glass Ceiling: Women of Indian Banking

    ‘Here we are in 2011, and how odd is it that only a dozen


    Fortune 500 companies have female CEOs?’
    - Patricia Sellers, Fortune

    Look for banks‟ CEOs in America and the chances are you may not
    find many women at the top in these institutions. In fact, the latest
    Fortune 500 has only a dozen women CEOs in its list. So
    unfortunate. This is despite the fact that „placing women in key
    positions pays off for investors,‟ comments Patricia Sellers of
    Fortune in one of her recent posts. Indian banking sector should be
    applauded for breaking the proverbial glass ceiling and giving
    female managers equal opportunities, at part with their male
    counterparts, and encourage them to lead from the front.

    "It is very difficult for women to break the glass ceiling here (West),"
    Sheila Wellington, clinical professor of management at New York
    University's Stern School of Business told the Times of India in an
    interview. Given that, kudos to banks like ICICI Bank (Chanda
    Kochhar - CEO), Axis Bank (Shikha Sharma - CEO), Kalpana
    Morparia (Country Head – JP Morgan India), Naina Lal Kidwai
    (HSBC), Madhavi Puri Buch (CEO – ICICI Securities), Manish
    Girotra (MD - UBS), Renuka Ramnath, Meera Sanyal (India Head -
    RBS) amongst others, today‟s Indian banks stand taller compared
    to their western counterparts when it comes to breaking the glass
    ceiling.

    For refreshing business insights: log on to www.businessviewsreviews.blogspot.com


    Breaking the Glass Ceiling: Women of Indian Banking

    According to the executive research firm, EMA Partners, in India,


    54% of the women CEOs are from the financial services sector. So
    what makes female managers succeed well in banking and financial
    services? “You got your next big challenge based on your
    performance and your potential, not whether you were male or
    female,” Chanda Kochhar, CEO of ICICI Bank, said in an interview
    to NY Times. In another study Standard Chartered Bank found that
    the financial sector performs best in terms of gender diversity, nine
    of the eleven banks listed on BSE-100 have a woman on their
    board, said a report in the Times of India.

    In fact, many researchers have attributed Indian banking sector‟s


    ability to scrape through the worst global financial crisis (of 2008)
    in living memory without getting hurt to their women power (read:
    women at top). "Women are not driven by wanting to just show
    numbers," TOI quoted Renu Sud Karnad, MD of HDFC, India‟s
    leading mortgage lender, as saying. She further added, "Women are
    more practical and moderate in risk taking."
    Besides women managers also possess certain qualities such as:
    they are sensitive, caring and less vulnerable to corruption.

    While banking sector can look forward to continue the good work in
    this regard, there is a need for other organization too to ensure that
    they work towards improving gender equity at work and equally
    importantly make sure that a deserving female manager gets

    For refreshing business insights: log on to www.businessviewsreviews.blogspot.com


    Breaking the Glass Ceiling: Women of Indian Banking

    opportunity to occupy that corner office, CEO‟s office. And also,


    other key positions.

    (To be concluded….)

    For refreshing business insights: log on to www.businessviewsreviews.blogspot.com

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