Arundhati Bhattacharya

Bhattacharya, Chairman of India's largest bank and the first-ever woman to do so, has been ranked 26th on the list while Panjabi, founder, and CEO of Last Mile Health, follows closely on the 28th spot.

Top list

The list has been topped by President of Baseball Operations at Chicago Cubs Theo Epstein, followed by Alibaba Group Executive Chairman Jack Ma on the second spot, Pope Francis (3), Bill & Melinda Gates Foundation Cochair Melinda Gates (4) and Amazon Founder and CEO Jeff Bezos (5).

Bhattacharya's leadership

Fortune said Bhattacharya has expertly steered SBI through "rough waters (an ongoing battle with bad loans) and sudden storms (India's surprise demonetization scheme)." She's been transformative, too-dragging the sprawling, 211-year old institution into the digital era and overhauling human resources for her over 200,000 employees. A Look At Various SBI Charges From April 1, 2017

Raj Panjabi

Panjabi had at age 9 escaped a civil war in his home country of Liberia. Fortune said Panjabi's nonprofit Last Mile Health is striving to change problems affecting poor regions by training locals in developing countries in lifesaving measures, such as protecting themselves against pandemics and safely burying victims killed by infectious diseases. "Last Mile has already proved its mettle; its work in Liberia helped stanch the spread of Ebola during the 2014 outbreak," it said.

Fortune 50 greatest leaders

Fortune said the 50 leaders are transforming the world and inspiring others to do the same in areas of business, government, philanthropy and the arts. The list also includes German Chancellor, Angela Merkel(10), Federal Reserve Chair Janet Yellen (17), former US Vice President Joe Biden (23), Canadian Prime Minister Justin Trudeau (31) and London Mayor Sadiq Khan (48).