Thursday, October 17, 2019
News

SBI MD Anshula Kant appointed as MD, CFO of World Bank Group

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Washington/New Delhi | Saturday, 2019 6:15:05 AM IST
State Bank of India's Managing Director Anshula Kant has been appointed as Managing Director and Chief Financial Officer of the World Bank Group.

The appointment was announced by World Bank Group President David Malpass on Friday. Kant is currently a Managing Director of SBI where she previously also served as Chief Financial Officer.

"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 in a statement.

"She's excelled at a diverse array of leadership challenges including risk, treasury, funding, regulatory compliance and operations."

According to the statement, as Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President.

"Among other key management duties, her work will include oversight of financial reporting, risk management, and working closely with the World Bank CEO on mobilisation of IDA and other financial resources," the statement said.

As CFO of SBI, Kant managed $38 billion of revenues and total assets of $500 billion.

"Stewarding the organisation (SBI), she greatly improved the capital base and focused on the long-term sustainability of SBI within her mandate. She has been a Managing Director and member of the Board since September 2018," the statement said.

"With direct responsibility for the SBI's Risk, Compliance, and Stressed Asset Portfolio, Kant led the creation of investment opportunities while empowering risk management throughout the bank. She held several positions across the organisation and helped navigate a diverse array of leadership challenges."

Kant is a graduate in Economic Honours from Lady Shri Ram College and a post-graduate in Economics from Delhi School of Economics.

--IANS rv/sn/kr

( 301 Words)

2019-07-13-00:02:05 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
GST demand on brand usage may lead to li...
15 trains stopped following stone peltin...
Exide Industries forays into manufacturi...
Mindtree net up 45% quarterly, down 35% ...
Zyfra commissions its first unmanned hau...
PUMA celebrates Women with the launch of...
More...
 
INDIA WORLD ASIA
Mumbai: Pawar attacks BJP-Shiv Sena alli...
Army, NASSCOM to come together for facil...
CPI(M) leader Md Salim accuses Sayantan ...
Only Modi govt abrogated Article 370: Sh...
Shah's scathing attack on '3-D' Congress...
Coimbatore murders: SC reserves order on...
More...    
 
 Top Stories
Non-local truck drivers given prote... 
After Ayodhya, 'sants' ready for Ka... 
This day, 2008: When Sachin became ... 
Religare fraud: All accused sent to... 
KBC crorepati Gautam Kumar Jha: Wil... 
Jindal varsity launches 3-year BA (... 
Delhi govt hiring extra buses for O... 
IL&FS completes sale of wind energy...