TomorrowMakers

With newly appointed MD, Anshula Kant and CEO Kristalina Georgieva, women are running the World (Bank).

A leader and inspiration: Anshula Kant, the first woman MD & CFO of World Bank

Breaking gender barriers and climbing the corporate ladder with sheer hard work and determination, Anshula Kant joins an illustrious list of women who are doing India proud at the global stage. 

A pioneer in the male-dominated finance sector, Ms Kant, who was the Managing Director of the State Bank of India, was appointed as the Managing Director and Chief Financial Officer (CFO) of the World Bank earlier this month.

In her prestigious role, Ms Kant will be responsible for financial and risk management of the World Bank Group, reporting to President, David Malpass.

Speaking about the eventful appointment, Mr Malpass said, “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”.

“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 added.

A long history with SBI

Ms Kant has had an illustrious career with over 35 years of rich experience in the banking sector. She joined SBI as a probationary officer in 1983 and has worked across domains from retail banking, corporate credit to cross-border trade. Through sheer hard work and commitment, Ms Kant has risen through the ranks, holding coveted positions such as Chief General Manager of Mumbai Circle, Deputy MD (Operations) for National Banking Group and CEO at SBI Singapore.

Ms Kant has been the recipient of the prestigious Niryat Bandhu Award by former President of India, Pranab Mukherjee in 2014.

In 2015, she was appointed as the Deputy Managing Director and CFO for SBI, where she managed stressed assets, risk and compliance functions for the bank. She has been pivotal in creating sound investment opportunities and strengthening risk management throughout the organisation.

In September 2018, Ms Kant was elevated to the position of MD and CFO, where she managed assets in excess of US$500 billion. Her leadership has been accredited with sustainable improvement in the functioning of the bank.

Looking forward

Ms Kant’s superannuation at SBI was slated for September 2020, but her vision to disrupt the banking sector and her sky-rocketing ambition has charted the way for bigger and better opportunities.

Among other key management duties, her work at World Bank will include oversight of financial reporting, risk management, while working closely with the World Bank CEO Kristalina Georgieva on the mobilization of International Development Association (IDA) of World Bank and other financial resources.

Between the two, CEO Kristalina Georgieva and World Bank’s first woman MD and CFO Anshula Kant, women literally run the world. Here are some Indian women who've made a mark in the finance sector. 

How I did it

Rahila Khan
Homemaker

I am a single mother of one. I lost my husband just 5 years into my marriage. Life has been a struggle for me, but I have managed it and today I have no complaints. 

I was a young widow with a 3 year old son when my husband passed away due to a heart attack. My parents were my rock… Read more

Piya Sharma
Chartered Accountant

I am a CA by profession. As my training has taught me, investing is a big part of my financial strategy. I am slightly risk-averse and invest heavily in mutual funds, FDs and ULIPs. I stay away from the stock market. 

As the household expenses are taken care of by my husband, I use most… Read more

Rajesh Singh
Corporate Executive

Growing up I did not have much other than the bare necessities. Though my mom tried her best, she could not fulfil our wishes. I always knew I had to study and improve my life. Today, I own a bike, a car and my own humble house. This has only been possible because of my prudent wife.

We… Read more

Suraj Chandwani
Gas Station Owner

I like to work hard and live a good life. I want to give the best to my wife and son, as well as my parents who live with us. I own a gas station in the suburbs of Mumbai. I had taken a loan to set up my business. So a major chunk of my earnings goes in repaying the loan. I also have a car loan… Read more

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