Arundhati Bhattacharya, 5th most powerful woman in finance: Forbes

Arundhati Bhattacharya has moved up five spots from the previous year to 5th this year.

Arundhati Bhattacharya, the first woman chairperson of the nation's largest bank SBI, has been ranked among the top five most powerful women in finance by the Forbes magazine.

Bhattacharya has moved up five spots from the previous year to 5th this year, SBI said in a statement.

She is also ranked 25th in Forbes' list of 'The World's 100 Most Powerful Women', which features top female leaders, entrepreneurs, investors, scientists, philanthropists and CEOs.

Bhattacharya has been instrumental in transforming the over 200 year-old bank into technology-driven lender with SBIiNTOUCH digital banking outlet, mobile wallet State Bank Buddy, State Bank Anywhere - a retail internet banking based application for smartphones, SBI Tech Learning Centres for educating customers and SBI e-Pay, a payment aggregator service, among others.

Under her leadership, SBI grew its network to around 17,000 branches and services over 330 million customers with presence in 36 countries.