Anshula Kant joined the World Bank Group as Managing Director and Chief Financial Officer in October 2019. She is responsible for the financial and risk management strategies of the Bank Group and its institutions. This includes oversight of all activities impacting the World Bank’s capital adequacy framework, balance sheet optimization potential, financial reporting, risk management, and mobilization of financial resources in alignment with the Bank Group’s strategy.
An Indian national, Kant was previously Managing Director of The State Bank of India (SBI) for the bank’s credit policy, risk, compliance and stressed asset portfolio. Prior to becoming SBI’s MD, her positions included CFO of SBI, where she oversaw $38 billion of revenues and total assets of $500 billion and was instrumental in strengthening the institution’s capital base. She also focused on leveraging technology, including data systems and reporting, to improve efficiency and optimize costs.
Kant’s career at SBI included branches serving rural villages in Uttar Pradesh, one of India’s poorest states. It spanned more than 35 years, giving her broad experience in retail and corporate banking, operations, treasury and finance, resolution of distressed assets, risk, and regulatory compliance. She served in senior roles, heading operations in Singapore and in the Indian states of Maharashtra, and Goa.
While at SBI, she led a successful financial inclusion program that focused on opening bank accounts for unbanked rural households and training unemployed rural youth for self-employment in the states of Maharashtra and Goa. Over the years, she also served on the boards of National Stock Exchange, the Clearing Corporation of India Ltd., Central Depository Services (India) Ltd., and SBI-SG Global Securities Services Pvt Ltd. Kant graduated in economics from Lady Shri Ram College for Women in 1979. She received her master’s from the Delhi School of Economics in 1981.