...........With regulators, despite being hamstrung by political interference, pushing steadily, banking is well on its way to once more becoming a boring, staid but solid profession. We see it in India, too. In addition to Ms Bhattacharya at SBI, Chanda Kochhar has changed the nature of ICICI Bank, which was the only real alpha-male bank in India, into a much more responsible, solid institution. It is no coincidence that this change of life, to use a pointed phrase, is marked by the rise of women to more and greater positions of power. Women have a much deeper - indeed, physiologic - understanding of time and the importance of the long term, which, as I write this, suggests to me that this next cycle will be longer than the previous one...........
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