Anshula Kant- First Woman To Head The World Bank

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Anshula Kant- First Woman To Head The World Bank on July 13, 2022

Indian women are looking to make an impact across a range of industries and areas, while breaking down barriers. In recent years, women have made significant progress in business, both locally as well as globally. They may have to overcome prejudices, but they s몭ll fall behind men when it comes to securing small business financing and support and leadership posi몭ons. This stereotype is not broken by women, except with the help of their loved ones or willpower. Let's meet Anshula Kant,, a strong and spirited woman who became the first woman to lead the World Bank in their Chief Financial Officer ( CFO) and Managing Director(MD).

Anshula Kant is the Managing Director of State Bank of India. She will now assume the role of Chief Financial Officer (CFO) of the World Bank. Kant is also the first female CFO. Kant reports to President David Malpass as the World Bank Group's Financial and Risk Manager. She has 35 years of experience in

banking and finance and is an innovator in technology.

Early Life Kant was born September 7, 1960. Kant was born September 7, 1960 to an engineer father. Anshula, a Roorkee na몭ve, decided to follow her heart and study Economics. A몭er gradua몭ng from Lady Shri Ram College of Economics, she went on to earn a post‐gradua몭on in Economics at Delhi School of Economics. Kant is also a cer몭fied associate of the Indian Ins몭tute of Bankers. 1983.

Anshula Kant's Family She is also blessed with a wonderful family. Siddarth is her son and has se몭led in New York. Nupur is her son. Sanjay is her husband, a chartered accountant, who prac몭ces in Varanasi.

Her Bank Journey She started her career as a proba몭onary officer at SBI. Interes몭ng to note is that SBI told her that she needed to pass more than part 1 and 2. To become a proba몭onary officer, it was not enough. She needed to work with unions and please bosses to manage promo몭ons and transfers.

A몭er serving as the Chief General Manager of the bank, Maharashtra, Goa and, she was appointed CEO of State Bank India SBI Singapore. She was later promoted to Managing Director. She was responsible to launch retail opera몭ons, earning SBI the 몭tle as the first Indian bank to do so in the region.

Her long career spans more than three decades. She has experience in cross‐border trading, retail banking and corporate credit, as well as bankingin emerging markets. She was also responsible for managing the bank's stressed assets and risk management, compliance, as well as other func몭ons. Anshula, the bank’s CFO, managed $38 billion in revenue and $500 billion of assets. Her administra몭on has seen the bank’s capital increase drama몭cally. She has also focused on the bank’s long‐term sustainability. The State Bank of India saw an improvement in asset‐quality. The gross non‐

long‐term sustainability. The State Bank of India saw an improvement in asset‐quality. The gross non‐ performing assets at the end of March 2019 were 7.53 percent of gross advancements, as compared to 10.91% in March 2018. It was admirable that she worked in the demone몭za몭on phase, when people flood the banks with requests to get new notes and money.

Anshula dispelled many myths in this male‐dominated industry. Anshula was told by her bosses that there was a third sec몭on to the banking exam. This was to please her bosses. It was also necessary to manage the unions and deal with transfer and promo몭on issues. This is a myth, she believes. Many Indian women give up their career a몭er having children or marrying. Anshula was determined not to give up on her career and had the support of both her husband and her in‐laws. She was married to a Varanasi‐based cha몭ered accoun몭ng, but she decided not to keep her papers a몭er she was transferred to Lucknow. With the support of her family, and SBI's residen몭al colony, she con몭nued her blossoming path. Anshula recognized the challenges she faced as a woman, and decided to help others women succeed in their careers.

Anshula Kant's Remarkable Achievements Anshula Kant is the World Bank group Chief Financial Officer and Managing Director. She was elected to this office on October 7, 2019. She is responsible for managing the financial and risk aspects of the World Bank Group. This is her report to the President. Her responsibili몭es include overseeing financial repor몭ng, risk control, mobiliza몭on of IDA and other important management du몭es.

Ms. Kant has more than 35 years of experience at the State Bank of India. This experience includes corporate and retail banking, as well as local currency finance and mortgage financing. She has also faced a variety of leadership challenges, including those involving finance, risk and opera몭ons. Ms. Kant, who was also the CFO of SBI, managed assets worth $500 billion and revenues totaling $38 billion. She was responsible for improving the capital base of the company and ensuring long‐term sustainability within her scope.

She was the Managing director of SBI from September 2018 to August 2019 and a member its Board. Ms. Kant was responsible for SBI’s Risk, Compliance and Stressed Asset Por몭olio Management.

A Face for Women's Empowerment There were 46,000 female employees when Anshula was the CFO and Assistant Managing Director at

SBI. These women made up 22 percent of total bank workforce. From the temperature to the chairs, the work environment was created to meet men's needs. Anshula made changes to the policies for employees, including leave eligibility and other restric몭ons to allow women to con몭nue their careers. In January 2014, SBI gave two years of sabba몭cal to female employees. This was to assist them in mee몭ng their personal needs, such as caring for elderly parents or educa몭ng children.

SBI granted employees the right to work remotely in May 2017 under her leadership. Female employees would have the op몭on to work from home for a longer period of 몭me. The work‐from‐home op몭on can be used for any work, except for customer‐handling jobs that are handled by banks. To prevent husbands from pos몭ng jobs that could affect their careers, the bank established a transfer program to assist married women employees.

Anshula's remarkable track record includes managing the biggest government bank in India, making economic decisions and implemen몭ng employee benefit policies. The World Bank is changing its course thanks to her.

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