This is a great time for women in finance in India. Women like, Chanda Kochhar, Naina Lal Kidwai, Shikha Sharma, Renu Sud Karnad and Arundati Bhattacharya are heading the largest banks in India today; a country where just a few decades ago, women were hardly allowed to step out of the house. This is a huge achievement for us.
Recently, the Fortune India’s list of 50 most-powerful businesswomen, added eight new entrants amongst whom, SBI Chairperson Arundati Bhattacharya was named the most the most Powerful Indian woman in Business.
According to Fortune India, the reason she was placed high on the list was: “due to her relentless fight against bad loans. Since she took over a year or so ago, she has improved assets quality, cut costs and recapitalised SBI (State Bank of India). That's no mean feat when you consider that SBI has 190 foreign offices, a market cap of Rs 1.9 lakh crore and 2,22,033 employees,” reported Times of India.
Along with Bhattacharya, another first timer on the list who was ranked amongst the top 10 was Nishi Vasudeva, the chairperson and managing director at HPCL (fourth place). Other women who were featured amongst the top 10 women were Zia Mody Co-founder AZB Partners, Mallika Srinivasan CEO of TAFE and Aruna Jayanthi CEO of Capgemini India, Shobhana Bhartia, chairwoman, HT Media, Preetha Reddy, MD, Apollo Hospital Enterprise, Kiran Mazumdar Shaw chairwoman and MD at Biocon.
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The other new entrants being, Shahnaz Husain, founder of Shahnaz Group of Companies, Archana Hingorani, CEO and ED IL&FS Investment Managers,Zarin Daruwala, president wholesale banking ICICI Bank, Ireena Vittal, management consultant independent director,Valerie Wagoner, MD Zipdial, and Vani Kola, MD Kalaari Capital.
Fortune also stated: “The country's most powerful women in business once again show that people may change, but the idea of power does not,” reported Times of India.
ORIGINAL SOURCE: Times of India
http://timesofindia.indiatimes.com/business/india-business/SBIs-Arundhati-Bhattacharya-most-powerful-Indian-woman-in-business-Fortune/articleshow/45088151.cms
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