Managing Director of the State Bank of India Anshula Kant was on Friday appointed as the World Bank Group’s Managing Director and chief financial officer.
She will be responsible for oversight of financial reporting, risk management of the group and will report directly to the president of the World Bank.
“I am very pleased to appoint Anshula Kant as World Bank Group Managing Director and CFO. Kant 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,” World Bank president David Malpass said in an official press release.
“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,” he added.
Among other key management duties, she will be working closely with the World Bank CEO on the mobilisation of IDA and other financial resources.
As the CFO of SBI, she has managed USD 38 billion of revenues and total assets of USD 500 billion, a media report suggests.
With direct responsibility for the SBI’s Risk, Compliance, and Stressed Asset Portfolio across in SBI, she helped navigate a diverse array of leadership challenges.
Anshula Kant joined SBI in 1983 as a probationary officer.
SBI officials say that she rose through the ranks to become MD by sheer hard work and commitment.
Kant has also served as GM of SBI in Mumbai and was Deputy MD of Operations for National Banking Group.
She has been a Managing Director and member of the Board since September 2018. The date of her superannuation was September 2020.
Born in Roorkee, Anshula moved to Varanasi after getting married.
She is a graduate in Economic Honours from Delhi University’s Lady Shri Ram College for Women and has done her Post-Graduate in Economics from Delhi School of Economics.