Three Indian women among 'International Power 50'

NEW YORK: Three Indian women -- ICICI Bank's Chanda Kochhar, HT Media's Shobhana Bhartia and JPMorgan Chase's Kalpana Morparia -- have been named in "International Power 50" list complied by US magazine Fortune.

The International power list is topped by global diversified mining and natural resource group Anglo American's CEO Cynthia Carroll, followed by Australian financial major Westpac's CEO Gail Kelly and Netherlands-based Royal Dutch Shell's Linda Cook.

ICICI Bank's Joint Managing Director Kochhar has been ranked at the 25th position, followed by HT Media's Chairman and Editor-in-Chief Shobhana Bhartia (34th rank) and JPMorgan Chase's India CEO Kalpana Morparia is at the 44th place in Fortune's international list of powerful women.

"The women at the very top of our list do not just preside over huge businesses they also stand out in what remains male-dominated industries. By changing the face of international business, these women also are helping change the world," Fortune said.

Quoting insiders, the magazine said, 46-year old Kochhar, would become CEO and Managing Director of ICICI Bank this month and added that ICICI faces slowing growth.

"The retail credit business has gone from yearly gains of 35 per cent to single-digit increases. Kochhar is pursuing new business such as corporate credit," it stated.

Writing on Bhartia, the magazine said she has raised India's standards of business journalism with Mint, a venture with the Wall Street Journal that mirrors the US paper's mix of market news, corporate profiles and lifestyle features.

Describing Morparia as a lawyer-turned-banker, the report stated, "She aims to expand the bank's corporate loans business and later help develop a corporate debt market."