POWERFUL WOMEN
14
Prev Rank: 8
Kaku Nakhate,
President and country head-India, Bank of Americaage: 53
As head of Bank of America’s
India operations for more
than 10 years, Nakhate’s stint
is the longest for a CEO of any
foreign bank in India. Robust
profit, and a constantly
growing lending book, with
zero non-performing assets,
have been the hallmark of her
decade-long reign. Her bank
exclusively advised Facebook
on its $5.7-billion stake-buy in
Reliance’s Jio Platforms.
This is believed to be the biggest technology deal in the
world for a minority stake in
any company, and the
biggest technology investment in India.
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