To my remembrance, the first Woman Chief Executive (CMD) of any bank in India was Ms. Ranjana Kumar heading Indian Bank, Chennai over a decade back. She started her career in Bank of India and was ED of Canara Bank. She was considered to be very skillful in turning around the Indian Bank. She later handled NABARD as Chair-person and in the Vigilance Commission, Government of India.
Ms HA Daruwala was the next top woman executive to work as CMD of Central Bank of India in 2005. Woman CMD of Central Bank of India. She was a Chartered Accountant by qualification, started her career in Union Bank of India as an Officer, later to become ED of Oriental Bank of Commerce.
Both the above are successful women executives raising to the position of CMD in Public Sector Banks. We have Ms Naina Lal Kidwai among Foreign Bank Country Heads. She started in ANZ Grindlays bank, moved to StanChart and later to HSBC Bank as MD. She is always referred in terms of Beauty with Brain. Also she is included in the who is who of Indian Entrepreneurs. Naina Lal Kidwai Profile. One more important woman chief of a foreign bank is Ms. Kalpana Morparia of JP Morgan after serving ICICI Bank for long years. Kalpana's appointment
And in recent times, two female bankers are hitting the head lines for their successful handling of top positions in ICICI Bank and Axis Bank. They are Ms Chanda Kochhar and Ms Shikha Sharma. Business India magazine, in its June 27, 2010 issue had extensively covered the leadership exhibited by Ms Kochhar (cover photo). Similarly, in its July 25, 2010 issue Ms Shikha Sharma of Axis Bank has been discussed the way she is handling the bank most with high efficiency. These two are role models for Women Executives not only in Banks but also the male dominated corporate world in the technology driven twenty-first century in India.
To add to the list of above executives in Foreign, PSBs and Private Sector Banks in India, are two more women Deputy Governors - Ms Shyamala Gopinath and Ms Usha Thorat. These two form the think tank of the Regulator, Big Brother and Policy Maker of the Banking Industry assisting the Governor of RBI, and associating with the two other Deputy Governors of India. We should be proud of all these women.
Showing posts with label Foreign Banks. Show all posts
Showing posts with label Foreign Banks. Show all posts
Thursday, July 22, 2010
Thursday, May 6, 2010
Foreign Banks in China - 2010
Foreign Banks in China : 2010
Five Years back, in 2005, I did work on a Paper to study "Functioing of Foreign Banks in India" which was presented at a National Conference on WTO held by the Mangalore University. It was a great learning about these banks present in India during British period for over a hundred years. It was a fulfilling task.
During the same year, RBI and Government of India, announced a policy to invite more and more foreign banks to introduce a highly competitive and level playing scenario. I wrote another Research Paper on "Sustainability of Foreign Banks in India" in December 2005 and presented the same at an International Conference on Banking and Finance organised by ICFAI, Hyderabad. It was a revealing experience to me and and my co-author Dr K S Srinivasa Rao that over the years, several Foreign Banks have been appearing and withdrawing from the Indian scene. The above policy of RBI / GOI was not all that encouraging because these banks were required to meet Capital Adequacy Standards, comply with Branch Licencing policy as also to lend at least 32 per cent of its credit portfolio (as against 40% for Indian Banks) to the Priority Sector lending. My research findings dealt with their sustainability and their frequency of entering and leaving the Indian banking scenario.
Indian Financial Sector Reforms started in June 1991. Several policy measures were taken by RBI / GOI on the advice of Narasimham Committee Recommendations then. Some New Generation Banks like HDFC, UTI (now Axis), ICICI, IDBI, IndusInd, Kotak Mahindra, YES Banks were permitted to start. There have been several mergers and reverse mergers among these new generation banks too. Times, Global Trust, Bank of Punjab and Centurian Bank were merged with their private or public sector counter-parts.
Today, almost all the Public and Private Sector banks have become modern, price and customer conscious and have turned out to be productive and profitable. Simultaneously, Foreign Banks also have been asked to comply with several prudential norms. Interesting fact is that while India took up reforms in 1991, China was already on the path of reforms right from 1978. Several India-China studies were commissioned to compare their respective performances in post-reforms era. Dr Manmohan Singh and other reformers have been endeavouring at making Mumbai an International Financial Centre on the lines of Shanghai, but there have been several obstacles in this task.
Today, I learnt that from the year 2005, PriceWaterhouse Coopers, China has been studying the working of Foreign Banks in China. Recently they have released their fifth edition of the same. Please click on the above link.
Five Years back, in 2005, I did work on a Paper to study "Functioing of Foreign Banks in India" which was presented at a National Conference on WTO held by the Mangalore University. It was a great learning about these banks present in India during British period for over a hundred years. It was a fulfilling task.
During the same year, RBI and Government of India, announced a policy to invite more and more foreign banks to introduce a highly competitive and level playing scenario. I wrote another Research Paper on "Sustainability of Foreign Banks in India" in December 2005 and presented the same at an International Conference on Banking and Finance organised by ICFAI, Hyderabad. It was a revealing experience to me and and my co-author Dr K S Srinivasa Rao that over the years, several Foreign Banks have been appearing and withdrawing from the Indian scene. The above policy of RBI / GOI was not all that encouraging because these banks were required to meet Capital Adequacy Standards, comply with Branch Licencing policy as also to lend at least 32 per cent of its credit portfolio (as against 40% for Indian Banks) to the Priority Sector lending. My research findings dealt with their sustainability and their frequency of entering and leaving the Indian banking scenario.
Indian Financial Sector Reforms started in June 1991. Several policy measures were taken by RBI / GOI on the advice of Narasimham Committee Recommendations then. Some New Generation Banks like HDFC, UTI (now Axis), ICICI, IDBI, IndusInd, Kotak Mahindra, YES Banks were permitted to start. There have been several mergers and reverse mergers among these new generation banks too. Times, Global Trust, Bank of Punjab and Centurian Bank were merged with their private or public sector counter-parts.
Today, almost all the Public and Private Sector banks have become modern, price and customer conscious and have turned out to be productive and profitable. Simultaneously, Foreign Banks also have been asked to comply with several prudential norms. Interesting fact is that while India took up reforms in 1991, China was already on the path of reforms right from 1978. Several India-China studies were commissioned to compare their respective performances in post-reforms era. Dr Manmohan Singh and other reformers have been endeavouring at making Mumbai an International Financial Centre on the lines of Shanghai, but there have been several obstacles in this task.
Today, I learnt that from the year 2005, PriceWaterhouse Coopers, China has been studying the working of Foreign Banks in China. Recently they have released their fifth edition of the same. Please click on the above link.
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