Chanda Kochhar is managing director and chief executive officer of ICICI Bank, India's largest private sector bank, which has helped spearhead the rise of the country's middle class with its home mortgages and car loans.
While India has avoided some of the worst affects of the global debt crises, she told the Wall Street Journal that ICICI Bank and others in India have had to slash their unsecured retail lending because too many consumers were refusing to pay their credit card and personal loan bills.
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