The rising trend of women leaders in the Indian financial sector has broken the myth of the glass ceiling. We explore the reasons behind the rise, their challenges and what other sectors can learn from BFSI

1. www.peoplematters.in
www.peoplematters.in

2. Women hold only 14 per cent of the board seats at S&P
Composite 1500 Index companies, according to Ernst &
Young. Women in Asia occupy just 1.1 per cent of CEO, CFO,
country head and related positions, according to a 2012
Catalyst study
The demand for top-level women executives for the senior
management is growing among India Inc. Companies have
realized that hiring women leaders has massive benefits and
makes good business sense. Companies with female board
representation routinely outperform those with no women on
the board, as per a recent study by the Credit Suisse Research
Institute
Organizations need to make sure that recruitment is meritbased, with no concern for gender & no typecasting of jobs. It
should be a search for talent and not gender
www.peoplematters.in

3. www.peoplematters.in
One of the major growth constraints that women
face in the BFSI sector is mobility as you get
transferred from place to place, at least once in
two to four years.
We already have a good number of women in BoI,
but not at the top level. All the board members are
men apart from me. There is no gender diversity
there. I would like to change that.
Click for full story

4. www.peoplematters.in
Banking is building relationships with
trust and women have that adaptability.
Women easily adapt to their
surroundings compared to men. By
nature, they take initiatives,
drive goals, like to develop and
nurture people.
I push women to take up promotions, I
transfer them. When you travel and see
the world, it changes your life. Women
must take up a lot of initiatives and be
innovative in their approach as it will give
them visibility.
Click for full story

5. www.peoplematters.in
Support systems among women colleagues are a big
motivator. People who have moved up to middle and
senior management levels are able to nurture & talk
to some of their younger colleagues.
A lot of financial institutions start and grow in urban
centres where the social strata are definitely more
accommodative than a rural location. Diversity of
views and personalities keeps an organization a lot
more agile.
Click for full story

6. www.peoplematters.in
Mentorship contributes 50 per cent to a woman’s
development. The other 50 per cent is her own talent.
Though women constitute 17 per cent of the workforce
in banks, their representation at the executive cadre is
quite low at 2.66 per cent.
Click for full story

7. For Further Information
Kindly Contact
+91 (124) 4148102
info@peoplematters.in
www.peoplematters.in
Connect with us on
Banking on Women
November 2013
Subscriber Now!