State Bank of India’s Anshula Kant appointed World Bank managing director and CFO

Washington: Anshula Kant, managing director of the State Bank Of India, has been appointed as managing director and chief monetary officer of the World Bank, its president David Malpass introduced on Friday.

As Managing Director and Chief Financial Officer, Kant will likely be accountable for monetary and danger administration 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 mentioned.

“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 mentioned.

Anshula Kant. Pic courtesy: SBI

Among different key administration duties, her work will embody oversight of monetary reporting, danger administration, and dealing intently with the World Bank CEO on mobilization of IDA and different monetary assets.

As CFO of the SBI, Kant managed $38 billion of revenues and complete belongings of $500 billion. Stewarding the organisation, she vastly improved the capital base and centered on the long-term sustainability of SBI inside her mandate. She has been a Managing Director and member of the Board since September 2018, the World Bank mentioned.

With direct duty for the SBI’s Risk, Compliance, and Stressed Asset Portfolio, Kant led the creation of funding alternatives whereas empowering danger administration all through the financial institution. She held a number of positions throughout the group and helped navigate a various array of management challenges, the financial institution mentioned in a press release.

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.

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