Zee Research Group
Has 2012 reinforced women ascendancy in the world of business and economy in India? The going has been rather happy for women executives this year, especially in the Banking, Financial Services and Insurance (BFSI) sector. The National Stock Exchange (NSE) announced on November 26, 2012 that its long-serving head, Ravi Narain, will soon make way for a new leader. Stepping into his shoes will be his current deputy, Chitra Ramkrishna. She will become the NSE’s first and India’s second woman to head a stock exchange on April 1, 2013. Deena Mehta was the first when she headed Bombay Stock Exchange (BSE) for two months way back in 2001.
While boardroom representation for women is yet appallingly low at about five per cent, their dominance in Banking, Financial Services and Insurance (BFSI) has always been the talk of the town. The trend of women on top in banking sector was first set by Homai Daruwalla who was the Chairperson and Managing Director of Central Bank from 2005 before retiring in the year 2008.
Now the BFSI sector boasts of several highly successful women professionals running the show. Among the names that have made a statement on their own include Chanda Kochhar, Shikha Sharma, Renu S Karnad, Kalpana Morparia and Naina Lal Kidwai setting the benchmark for others to follow in suit. The list reads like ‘who is who’ of the banking scene in India.
2012 has actually put premium on the trend: Zee Research Group (ZRG) pieces together the list of few other women from the banking sector in 2012 that have stepped into the big league and have been successful in breaking the glass ceiling.