Indian bankers top Fortune's most powerful women list

Fortune magazine has ranked Indian bankers Chanda Kochhar and Arundhati Bhattacharya as the top two in a list of most powerful women in Asia Pacific.

Kochhar, 53 heads the country's largest private sector lender ICICI Bank stands tall at Number 1 on the list. The magazine has recognized Kochhar who has revolutionized Indian banking and for making ICICI Bank into the "nation's largest and most profitable private sector lender".

Kochhar is closely followed by Arundhati Bhattacharya, the chairman of the country's largest lender bank - State Bank of India. Bhattacharya has shot up from the fourth spot from last year.

Hindustan Petroleum Corporation's chairman and managing director Nishi Vasudeva is the 3^rd Indian on the list at fifth rank. India’s third largest private sector bank Axis Bank's managing director and CEO Shikha Sharma comes in ninth.

The list includes top executives from over 6 countries in the Asia Pacific. Chinese women lead the list with over 11 entries.