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India’s 3 women bankers in Fortune’s List of ’50 Most Powerful Women International’

Eurozone's largest bank by market value, Banco Santander's Group Executive Chairman Ana Botin topped the list

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New Delhi, Sept 14, 2016: State Bank of India’s chairperson Arundhati Bhattacharya, ICICI Bank’s chief Chanda Kochhar, and Axis Bank CEO Shikha Sharma ranked in the top twenty of the ’50 Most Powerful Women International’ list released by Fortune.

The list, which considered women based outside the US, placed Bhattacharya at the second spot while Kochhar was ranked at fifth. Sharma was in 19th position.

Arundhati Bhattacharya. Wikimedia
Arundhati Bhattacharya. Wikimedia
Eurozone’s largest bank by market value, Banco Santander’s Group Executive Chairman Ana Botin topped the list.

Elaborating the profile of SBI chief, Fortune said: “Bhattacharya’s profile has risen during her three-year tenure atop India’s largest bank, a 210-year-old institution.”

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The SBI Chairperson, who was speculated to succeed Raghuram Rajan, as governor of the Reserve Bank of India, orchestrated SBI’s merger with six other groups. Once the merger completes, the bank will become one of largest lenders in Asia.

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“She has continued her high-profile battle with the bank’s bad loans while courting overseas partners invest in the stressed assets,” Fortune said. Beside, ICICI Bank’s Managing Director and CEO Kochhar was acknowledged as a “visionary” even by rival bankers.

Chanda Kochhar at India Economic Summit 2009. Wikimedia
Chanda Kochhar at India Economic Summit 2009. Wikimedia

“After seven years at the helm of India’s largest private sector lender, with consolidated assets of $139 billion, Kochhar has overhauled the nation’s consumer retail business,” Fortune said while highlighting her effort to augment the bank’s performance.

Though bad loans eroded income growth this year, she has engaged turnaround experts to help ditch those distressed assets, it said.

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Acknowledging Sharma’s contribution to the private lender, Fortune said: “Sharma has grown Axis from an underrepresented bank to the nation’s fastest growing private sector lender, with revenue up 15 percent to $7.9 billion in 2015 and nearly 3000 branches across 1,800 cities and towns.”

Shikha Sharma. Wikimedia
Shikha Sharma. Wikimedia

In May, Sharma issued a $500 million green bond at the London Stock Exchange – Asia’s first such certified bond in support of green energy and environmentally friendly projects. It was oversubscribed twice, it said.

Last week, PepsiCo CEO Indra Nooyi was ranked second and was the only woman of Indian-origin in Fortune’s list of the 50 most powerful women in the US. (IANS)

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  • Enakshi

    Cheers to these three women..
    With hardwork and experience towards glory they go.

Next Story

A Machine Built By a Group of Egyptian Students can Produce Fuel from Worn-Out Vehicle Tires

Egypt raised fuel prices by up to 50 percent in June as a condition of a $12 billion International Monetary Fund program the country signed last year

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Fuel
Engineering student Mohamed Amr carries car tires to be used in extracting fuel in Cairo, Egypt, Aug. 23, 2017.
  • A group of 12 students worked on this machine as a graduation project
  • The machine first heats the tires until they reach evaporation point after which the vapor enters a condenser
  • The product created has similar properties to pure diesel

A group of Egyptian students has built a machine they say can produce fuel from worn-out vehicle tires.

The device heats the tires until they reach evaporation point. The vapor then enters a condenser. The result is a product “very similar in properties to pure diesel, and the carbon or black coal is just left inside the container,” said Mohamed Saeed Ali, one of 12 students who worked on the machine as a graduation project.

ALSO READIIT – Kharagpur Researchers develop Technology to make Biofuel manufacturing cheaper, quicker and free of Pollution

The students are searching for investors for their project.

“Instead of polluting the environment, we recycle them [the tires] properly in an eco-friendly manner,” Saeed said.

Egypt raised fuel prices by up to 50 percent in June as a condition of a $12 billion International Monetary Fund program the country signed last year. (VOA)