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Women still lonely at the top in Indian boardrooms, ETHRWorld

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hr.economictimes.indiatimes.com | www.ETHRWorld.com

<p>Among the top local banks, ICICI Bank has a woman among its key managerial personnel (as defined in the Companies Act)</p>
Among the top local banks, ICICI Bank has a woman among its key managerial personnel (as defined in the Companies Act)

ET Intelligence Group: The redesignation of Shanti Ekambaram from a wholetime director to the deputy managing director at Kotak Mahindra Bank is special, since it comes at a time when none of the top five listed private sector banks in India have a woman CEO or executive director roles.

From having several female banking CEOs a decade ago, only one public sector bankUnion Bank of India – has a woman CEO today. Foreign banks Standard Chartered India and Bank of America stand out as exceptions for having female CEOs. But, of the 142 listed BFSI (banking and financial services) companies in the NSE-1000, only seven are led by women, as per data sourced from Prime Database for fiscal 2023.

Among the top local banks, ICICI Bank has a woman among its key managerial personnel (as defined in the Companies Act). Prachiti Lalingkar was appointed its company secretary at the beginning of fiscal 2024 in April.

The situation is worse in the case of the Indian IT industry, with none of the 54 companies in the NSE-1000 index having a female CEO. Market leader TCS, which employs more than 200,000 women (constituting over a third of its workforce), has no women in its key managerial personnel (KMPs), as per its annual report. In fact, among the top 5 IT companies, only Wipro has a woman in a KMP role – it appointed…

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