Uday Kotak, the CEO of Kotak Mahindra Bank is the only Indian who made it to the Forbes' list of 40 of the most powerful people in the financial world. In the list of 'Money Masters: The Most Powerful People In The Financial World', which is topped by Blackstone Group's CEO Stephen Schwarzman, Kotak is ranked 33rd. 57-year-old Kotak has a net worth of about $7.1 billion. With the Kotak bank overseeing $34.6 billion in assets, Forbes said the Indian billionaire has made his fortune lending to the sprawling masses between Mumbai and Delhi and has also taken a stand on behalf of savers.

"His bank is continuing to offer 6 per cent on savings accounts, even as falling rates make it harder to do so. Kotak is gung ho on his native country and believes investing in India is like a Bollywood movie long, but with a happy ending," it said.

The list also includes JPMorgan Chase CEO Jamie Dimon on the third spot, Berkshire Hathaway head Warren Buffet (4), Goldman Sachs Chairman Lloyd Blankfein (9) and Soros Fund Management chief George Soros (10).

The candidates on the list were judged on net worth, assets under management or overseen, three-year track records and influence on markets.