Anshula Kant, an Indian banking industry veteran, has been named the managing director and chief financial officer of the World Bank. She is the first woman CFO of the Washington, DC-based coveted organization.
With her new role, Kant will be responsible for oversight of financial reporting, risk management, and working closely with the World Bank CEO Kristalina Georgieva on the mobilization of International Development Association (IDA) of WB and other financial resources. Kant is currently the managing director of State Bank of India.
"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," World Bank President David Malpass was quoted as saying.
Kant has had an illustrious run on the banking front with more than three decades of experience. She started her journey as a Deputy Manager in 1983 in State Bank of India. Kant slowly rose to the ranks of COO, CFO before getting appointed as the Managing Director in September 2018.
Through her career in SBI, her colleagues have recognized her for hard work, perseverance and humility. As CFO of SBI, Kant managed $38 billion of revenues and total assets of $500 billion.
In 2014, she received the prestigious Niryat Bandhu Award from former President of India, Pranab Mukherjee. From Goa to Singapore, Kant has vast experience when it comes to running operations in finance which makes her an ideal candidate for heading World Bank, experts were quoted as saying in newsreports.
Kant, who hails from Rourkee, Uttarakhand, completed her bachelor’s degree in economics from Lady Shri Ram College and a master’s from the Delhi School of Economics. She moved to Varanasi soon after marriage. Her son is based in the US and daughter in Singapore.
Apart from the back-breaking bank work, Kant is keenly interested in Hindustani classical music.