Kochhar, MD and CEO of India's largest private sector lender ICICI Bank, also said the country's financial services sector, including banking, has got tremendous growth potential for the next few years.
"We at Reliance are very excited to support this commitment not only in India but across the world," Ambani said.
A regular visitor to the WEF meeting at this Swiss Alpine town, Kotak had said last year at Davos itself that urgent steps were needed to curb gold demand.
India's biggest ever accounting fraud came to the light in January 2009 when Satyam Computer's founder and then Chairman B Ramalinga Raju admitted to having overstated the company's financials by more than USD 1 billion and other wrongdoings at the firm.
It's a reflection of how big banks are still grappling with pressure from recent scandals and moves toward increasingly complex and tighter regulation.
UN Secretary-General Ban Ki-moon says his top hopes for 2013 are to reach a new agreement on climate change and to urgently end the increasingly deadly and divisive war in Syria.
The world has not yet escaped the risk of a collapse in the global economy despite some renewed confidence heading into 2013, says, the founder of the World Economic Forum Swiss economist Klaus Schwab.