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Three Indian Women Bankers entered in the Fortune 50 Most Powerful Women List based outside the US

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                     State Bank of India (SBI) chief Arundhati Bhattacharya, ICICI Bank CEO and MD Chanda Kochhar and Axis Bank CEO Shikha Sharma entered the list of 50 most powerful women based outside the United States by Fortune magazine.

About 50 most powerful women:-

Banco Santander group executive chairman Ana Botín repeats as No. 1, in a time of economic and political volatility for all. The 2016 list spans 19 countries and is comprised of 16% new names.

50 Most powerful Women

The top 10 posotions belongs to,

Position Name
1  Ana Botin
2  Arundhathi Bhattacharya
3  Isabelle Kocher
4  Chua Sock Koong
5  Chanda Kochhar
6  Alison Cooper
7  Guler Sabanci
8  Ho Ching
9  Annika Falkengren
10  Ornella Barra

About Arundhathi Bhattacharya :

Arundhati Bhattacharya is an Indian banker and currently the Chair-Managing director of the State Bank of India. She is the first woman to be the Chairperson of State Bank of India. In 2016, she was listed as the 25th most powerful woman in the world by Forbes.

  • Bhattacharya joined SBI in September 1977. She is the first woman to lead an India-basedFortune 500  Initially she joined SBI in 1977 as probationary officer at the age of 22 years.
  • She has held several positions during her 36-year career with the bank including working in foreign exchange, treasury, retail operations, human resources and investment banking.
  • This included positions like chief executive of the bank’s merchant banking arm- State Bank of India Capital Markets; chief general manager in charge of new projects. She has also served at the bank’s New York office.
  • She has been involved in the launch of several new businesses such as SBI General Insurance, SBI Custodial Services and the SBI Macquarie Infrastructure Fund.
  • She succeeded Pratip Chaudhuri, as Chairperson, who retired 30 Sep.She introduced a two-year sabbatical policy for women employees for child or elder care. This Women’s day she is thinking of introducing free vaccination against cervical cancer to all her woman employees.
  • In 2016, she is named the 25th most powerful woman in the world byForbes. This is her first time being ranked on the list. In the same year, she was ranked among the FP Top 100 Global Thinkers by Foreign Policy magazine.

About Chanda Kochhar :

Chanda Kochhar(born 17 November 1961) is the managing director (MD) and chief executive officer (CEO) of ICICI Bank. She is widely recognised for her role in shaping retail banking in India.

  • Under Kochhar’s leadership, ICICI Bank won the “Best Retail Bank in India” award in 2001, 2003, 2004 and 2005 and “Excellence in Retail Banking Award” in 2002; both awards were given byThe Asian Banker.
  • Kochhar personally was awarded “Retail Banker of the Year 2004 (Asia-Pacific region)” by theAsian Banker, “Business Woman of the Year 2005” by The Economic Times and “Rising Star Award” for Global Awards 2006 by Retail Banker International. Kochhar has also consistently figured in Fortune’s list of “Most Powerful Women in Business” since 2005.
  • She climbed up the list debuting with the 47th position in 2005, moving up 10 spots to 37 in 2006 and then to 33 in 2007.[13][14]In the 2008 list, Kochhar features at the 25th spot.
  • In 2009, she debuted at number 20 in the Forbes “World’s 100 Most Powerful Women list”. She is the second Indian in the list behind theIndian National Congress party chief Sonia Gandhi at number 13.
  • In 2010, she fell to number 92 in the Forbes list, but in 2011 bounced back to 43.As of 2014, she ranks at #43 and in 2015 she climbed up to #35 again.

About Shika Sharma :

Shikha Sharma is the Managing Director & CEO of Axis Bank, India’s third largest private sector bank in India. Mrs Sharma joined Axis Bank in 2009 and as a leader adept at managing change,

  • she has focused on transforming Axis Bank into a Bank with strengths across a wide range of Corporate and Retail Banking products.
  • At Axis Bank, she has focused on strengthening its retail lending franchise, enlarged its investment banking & advisory capabilities and developed a comprehensive portfolio of products in the payments space.
  • Under Mrs. Sharma’s leadership, Axis Bank has received many awards notably,‘Bank of the Year in India’ for the year 2014 by The Banker Magazine, Financial Times.
  • The Bank was conferred theCertificate of Recognition for excellence in Corporate Governance by the Institute of Company Secretaries of India (ICSI), for the year 2015.
  • The Bank was ranked as the‘Most Trusted Private Sector Bank’ second year in a row – ‘Most Trusted Brand Survey’, conducted by Brand Equity, Economic Times.
  • Axis Bank was rankedNo 1 company to work for in the BFSI sector – ‘The Best Companies to Work for’ survey by Business Today in 2013.
  • As an acknowledgement of her efforts,Harvard Business School published a case study on Managing Change at Axis Bank in 2013.