An increasing number of Indian women are joining managerial ranks, yet very few studies have been carried out to empirically assess people's attitudes towards women managers. This paper reports results of a study of attitudes towards women managers in banks. Data were collected from 65 female and 136 male employees working at clerical, junior, middle and senior middle management levels in banks. Results reveal a widespread lukewarm attitude towards women managers. Though women hold a much more favourable attitude than men, yet even female responses are not unequivocally positive. Implications of such attitudes for work performance and career progression of women managers are discussed.