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

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

As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk manment of World Bank Group, reporting to 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 invative use of techlogy through her work as CFO of State Bank of India," Malpass said. 

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

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

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

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

Kant is a gruate in Ecomic Hours from Ly Shri Ram College for Women and a Post-Gruate in Ecomics from Delhi School of Ecomics. 

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