On Friday, World Bank President David Malpass announced the appointment of State Bank of India's MD Anshula Kant as its Managing Director and CFO. "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.
Kant, reporting to the President, will oversee financial and risk management of the World Bank Group. Other than the key management duties, the incumbent will be responsible for financial reporting, risk management and would need to work in close association with the CEO of World Bank on mobilization of IDA and other financial resources.
"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.
At SBI, Kant administered revenue worth $38 billion and assets valued at $500 billion. Within her mandate, with focus on the long-term sustenance of the bank, she managed to substantially augment the capital base.
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.