According to a list by Fortune India's top women bankers which inludes SBI chief Arundhati Bhattacharya, ICICI head Chanda Kochhar and Axis Bank CEO Shikha Sharma, are among the 50 most powerful women based outside the US. The list is topped by Banco Santander's boss Ana BotA-n.
Ms. Bhattacharya is ranked second on the list, while Ms. Kochhar comes in on the fifth spot and Ms. Sharma on the 19th position in the Fortune's '50 Most Powerful Women International' list, which has ranked the women based outside the US. Ms BotA-n, Group Executive Chairman of Banco Santander, Eurozone's largest bank by market value, repeats as No. 1, in a time of economic and political volatility for all. The 2016 list spans 19 countries.
Bhattacharya's profile has risen during her three-year tenure atop India's largest bank and though her term leading the bank is set to expire in October, most expect the government will extend her time so she can see the efforts through.
It said ICICI Bank Managing Director and CEO Chanda Kochhar is regarded even by rival bankers as a "visionary" and after seven years at the helm of India's largest private sector lender, with consolidated assets of USD 139 billion, she has overhauled the nation's consumer retail business. Highlighting her efforts to boost the bank's digital growth and enable female employees to work from home for a year, fortune said,
Though bad loans took a toll on income growth this year, Ms Kochhar has engaged turnaround experts to help ditch those distressed assets
It also said Shikha Sharma has grown Axis from an underrepresented bank to the nation's fastest growing private sector lender, with revenue up 15 per cent to USD 7.9 billion in 2015 and nearly 3000 branches across 1,800 cities and towns and first quarter profit this year was hurt by a spike in bad loans, but Ms Sharma deserves accolades for publicizing a 'watch list' she created to monitor four per cent of the bank's potentially-troubled assets.