Advertisement

Updated July 13th, 2019 at 06:26 IST

SBI Managing Director Anshula Kant appointed MD and CFO of World Bank

Anshula Kant, managing director of the State Bank Of India, has been appointed as managing director and chief financial officer of the World Bank, its president David Malpass announced Friday.  

| Image:self
Advertisement

Anshula Kant, managing director of the State Bank Of India, has been appointed as managing director and chief financial officer of the World Bank, its president David Malpass announced Friday.  

As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President. 

"I am very pleased to appoint Anshula Kant as World Bank Group Managing Director and CFO. Anshula brings more than 35 years of expertise in finance, banking, and innovative use of technology through her work as CFO of the State Bank of India," Malpass said. 

READ| According To UN & World Bank, There Are More Mobile Phones Than Humans In The World. Read Report Here

"She's excelled at a diverse array of leadership challenges including risk, treasury, funding, regulatory compliance, and operations. I look forward to welcoming her to our management team as we work to increase our effectiveness in supporting good development outcomes," Malpass said. 

Among other key management duties, her work will include oversight of financial reporting, risk management, and working closely with the World Bank CEO on mobilization of IDA and other financial resources.

As CFO of the SBI, Kant managed USD 38 billion of revenues and total assets of USD 500 billion. Stewarding the organization, she greatly improved the capital base and focused on the long-term sustainability of SBI within her mandate. She has been a Managing Director and member of the Board since September 2018, the World Bank said.

With direct responsibility for the SBI's Risk, Compliance, and Stressed Asset Portfolio, Kant led the creation of investment opportunities while empowering risk management throughout the bank. She held several positions across the organization and helped navigate a diverse array of leadership challenges, the bank said in a statement.

Kant is a graduate in Economic Honours from Lady Shri Ram College for Women and a Post-Graduate in Economics from Delhi School of Economics. 

READ| Cash-strapped Pakistan Inks 3 Loan Deals Worth USD 918 Million With World Bank

Advertisement

Published July 13th, 2019 at 06:21 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement

Trending Quicks

MEA Responds To China’s Comment On Sikh Separatist Gurupatwant Singh Pannun
a few seconds ago
The ICJ has ordered Israel to ensure the smooth flow of aid to the people of Gaza.
5 minutes ago
UFC Exclusive Erin Blanchfield
7 minutes ago
WWE Bloodline
9 minutes ago
Ramya on Uttarakaanda sets
14 minutes ago
Virat Kohli and Glenn Maxwell
15 minutes ago
Maharashtra Politics: Did Govinda Say Congress Ignored Him For 13 Years?
16 minutes ago
Jailed Gangster Mukhtar Ansari Passes Away
18 minutes ago
Torrent Power
20 minutes ago
Securing a Loan Against Property Despite Inconsistent Employment History
21 minutes ago
Riyan Parag
25 minutes ago
Advertisement
Advertisement
Advertisement
Whatsapp logo