3 Indian bankers on Fortune 50 most powerful women list

arundhati-battacharyaSBI chief Arundhati Battacharya; ICICI head Chanda Kochhar; and Axis Bank CEO Shika Sharma, are among the most powerful women based outside the US, according to a list by Fortune.

Ms Bhattacharya, 60, is ranked second on the list, while Ms Kochhar is on the 5th spot and Ms Sharma on the 19th position.

SBI chairperson Arundhati Bhattacharya who was speculated to succeed Raguram Rajan as Governor of the Reserve Bank of India, has continued her high-profile battle with the bank’s bad loans. She also orchestrated SBI’s merger with 6 other groups, a plan that will result in one of the largest lenders in Asia.

ICICI Bank MD and CEO Chandra Kochhar, 54, is regarded as a ‘visionary’. Shika Sharma, 57, has grown Axis from to the nation’s fastest growing private sector lender, and Fortune said Ms Sharma deserves accolades for publicising a watch list she created to monitor four percent of the bank’s potentially troubled assets.

A week earlier PepsiCo CEO Indra Nooyi was ranked second and was the only woman of Indian-origin on Fortune’s list of the 50 most powerful women in the US.