Ranjana Kumar who is known in Indian business circles as a 'superbanker' was awarded the Professional Manager of the Year.
She took over as chairman and managing director of Indian Bank, one of the
largest public sector banks in 2002. Within two years she effected a turnaround.
In 2002, Indian Bank reported a net profit of Rs 33.22 crore - the bank's first net profit in six years.
Kumar, the first woman chairperson of a public sector bank, was also instrumental in bringing down the bank’s non-performing assets from Rs 191 crore to Rs 163 crore.
She is now the chairman of the National Bank for Agriculture and Development or NABARD.
Ranjana Kumar receives the Professional Manager of the Year award