Today India is an emerging economy than a third world economy. This is
due to an increase in contribution of women in all sectors of the economy.
There is a pedaling demand for female employees by cooperates, especially in an
emotion driven country like India. There is an increase in demand for women in
any organization because women cater both Masculine ( Aggression and
qualifications) and feminine (Emotional and flexible) qualities which are a
needed in the an emerging economy. This was realized by the financial sector post 1969. Nationalization of the Indian Banking
Sector in 1969 served as the first major step to reduce gender discrimination against
women in banking sector and that provided opportunity for women empowerment.
The pattern of Indian women’s employment has changed significantly since the
1970’s. Many major Indian banks are hiring highly qualified young Indian women
to their administrative level.
Women have been in the highest tier in India
since the Vedic times. Their persona was carved as a goddess and an equal
contributor . Therefore, India had progressed to optimum and had embellished
jewelry of rich; land, resources, gold mines etc. However, post Vedic era
women’s position in the society descended and the unitiy amongst Indians. Women
were asked to veil themselves and guard
themselves from theevil eyes of strangers.
Nonetheless, this veil by women was removed to
prevail their own land from the British. The contribution of women in the
freedom fight, did not enable Indians independence but an essence of equality.
When India got its independence, the participation of women nationalists
was widely acknowledged. When the Indian Constitution was formulated, it
granted equal rights to women, considering them legal citizens of the country
and as an equal to men in terms of freedom and opportunity. The sex ratio of
women at this time was at 945 females per 1000 males. Yet the condition of
women screamed a different reality.
They were relegated to the household, and made to submit to the
male-dominated patriarchal society, as has always been prevalent in our
country. Indian women, who fought as equals with men in the nationalist
struggle, were not given that free public space anymore. They became
homemakers, and were mainly meant to build a strong home to support their men
who were to build the newly independent country. Women were reduced to being
second class citizens. The national female literacy rate was
an alarmingly low 8.6%. The Gross Enrolment Ratio (GER) for girls was 24.8% at
primary level and 4.6% at the upper primary level (in the 11-14 years age
group). There existed insoluble social and cultural barriers to education of
women and access to organised schooling
This was not only the reason, why women were not proactive in
the labour force, even post establishment of the Indian Constitution. Which
gave women equal rights and an equal share in the business world.The
participation of women did not commensurate with equal social
status given to women in India. Acts such as 39d(a) (equal pay) did not
encourage women .In contrast to the constitutuion the society conductedsad practices on woman such as ; Child marriage, Killing of girl
child, domestic violence and Sati practices were still conducted in the country
in the rural areas of the country. Women were not discouraged by such practices
but were abducted inside their homes via
Theupper and upper middle
class women of urban areas deconstructed the medieval thinking. In the urban
areas there was an encouragement of education of both genders. Slowly, the
urban women encouraged the rural areas and formed organisations to promote
women equality. This change slowly grasped and women started contributing more
in the labor force.
Women were swift and
keen on holding equal status and stans in the field pf banking and finance
especially. There was an increasing in
the sector of banking and finance was
due to a natural interest of women in the world of money. Since in the early
stages of post independent India, women were not givne equal share property and
As mentioned above the Nationalization of banks in the year 1969opened doors for women to contribute in the world of
banking and finance. It is not that this
move enabled all channels for women. Women had to prove their qualities and
qualifications because they were looked down upon since years.
As time passed, organisations and cooperates demanded women more
in organizations . The demand did not only increase for administrative level
but managerial level as well. The banking Sector in India which was male
dominated till1980’s, in last three decades the gender equality became fairly
poised. Women executives like ChandaKochhar(CEO, ICICI Bank), and
NainaLalKidwai (CEO,HSBC),Arundathi Bhattacharya,(CMD SBI), Shikha
Sharma(CEOand MD, Axis Bank), UshaAnanthasubramanian (CEO, MDPunjab National
Bank), are contributing a lot to the bank’sgrowth. The below table presents the
contribution of women and men in various sectors.