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SBI MD Anshula Kant made World Bank MD

By IndianMandarins- 13 Jul 2019
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One of the top SBI officials Ms Anshula Kant is appointed the new MD and Chief Financial Officer of the World Bank. Currently, Kant is holding the post of SBI MD. At the World Bank, she will report directly to President David Malpass in Washington DC.

 

At the global bank, Kant's responsibilities will span financial reporting, risk management, and working closely with the World Bank CEO Kristalina Georgieva on the mobilization of the International Development Association (IDA) and other financial resources.

 

She had joined SBI in 1983 as a probationary officer. Rising through ranks, she has been a Managing Director and member of the Board since September 2018. She is due to superannuate in September 2020.

 

She is credited with improving SBI's asset quality as gross non-performing assets reduced to 7.53 percent of gross advances at end-March 2019 as against 10.91 percent a year before. She has also been commended for her performance during the demonetization/remonetization period.

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