The Indian Executive Newsmakers

Bangalore: With controversies or achievements, the corporate leaders of giant business industries are finding place in the news all the time. Dow Jones Insight brings together these business newsmakers for The Wall Street Journal every month. The power list is updated monthly and this month Pratip Chaudhuri, the chairman of the State Bank of India topped the list. The corporate biggies in this month’s India Power List consist of:

Pratip Chaudhuri, the Chairman of the State Bank of India:

Pratip Chaudhuri, the chairman of the State Bank of India, topped the list of Indian executives making headlines the past month. He was in the news after India’s largest bank by assets - State Bank of India (SBI), cut its minimum lending rate by quarter of a percentage point to 9.75 percent, the lowest in the industry. This was done due to the central bank’s decision to reduce the cash reserve ratio. Chaudhuri had been pushing the RBI to eliminate the CRR, saying it puts needless pressure on India’s financial and banking system.