Anshula Kant, a distinguished Indian banker, has made history as the first woman to be appointed as the Chief Financial Officer (CFO) of the World Bank Group. She took on this prestigious role on October 7, 2019, becoming a key figure in global financial management.
As the CFO and Managing Director of the World Bank, Kant is responsible for handling the organization’s financial operations, managing risks, and ensuring its long-term financial stability. She reports directly to the President of the World Bank Group and plays a crucial role in shaping global economic policies.
A Strong Career in Banking
Before joining the World Bank, Anshula Kant had a long and successful career at the State Bank of India (SBI). She joined SBI in 1983 as a probationary officer and steadily rose through the ranks. In September 2018, she became the Managing Director, a position she held until August 2019.
During her time at SBI, she played a crucial role in strengthening the bank’s financial position. As the CFO of SBI, she managed $38 billion in revenues and oversaw assets worth $500 billion. Her leadership helped improve capital reserves, manage financial risks, and address the bank’s stressed assets.
Leadership Roles at SBI
Throughout her career at SBI, Anshula Kant held several important leadership positions. She served as:
- Chief General Manager for Maharashtra and Goa, overseeing banking operations in the region.
- Deputy Managing Director of Operations for the National Banking Group, where she worked on improving banking services.
- CEO of SBI (Singapore), leading the bank’s international operations in the region.
Her work in these roles focused on strengthening investment opportunities and improving risk management strategies.
Educational Background
Anshula Kant was born on September 7, 1960, in Roorkee, India. She pursued a bachelor’s degree in economics from Lady Shri Ram College for Women and later completed a master’s degree in economics from the Delhi School of Economics.
Recognitions and Achievements
Anshula Kant’s contributions to the banking and finance sector have earned her widespread recognition. In 2024, she was included in:
- Forbes India W-Power List
- Fortune India’s Most Powerful Business Women List
A Key Player at the World Bank
At the World Bank, Anshula Kant continues to make a significant impact. She uses her vast experience to address global financial challenges and develop policies that promote economic growth and stability.
Her journey from a young banker at SBI to the CFO of the World Bank is an inspiration for many, particularly for women in finance and leadership.
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