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SBI’s Anshula Kant is World Bank MD and CFO

State Bank of India's Managing Director Anshula Kant appointed MD and CFO of World Bank

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The MD of SBI Anshula Kant has been appointed as managing director and chief financial officer of the World Bank. The news was announced by David Malpass the President of World Bank. Ms Kant will be the first woman CFO of the Bank.

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Malpass said, “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.”

He further added,”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.”

Anshula Kant will be responsible for financial and risk management. She will directly report to Mr. Malpass. Her duties will include risk management and financial reporting and she will work with the Bank’s CEO to mobilise financial resources.

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

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

Also Read: World Bank’s Ease of Doing Business Ranking: India jumps 23 places to 77th

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