In a proud moment for Asian countries as well as India, State Bank of India (SBI) Managing Director Anshula Kant was named to the prestigious World Bank (WB) posts of Managing Director and Chief Financial Officer on Friday.

This was proclaimed by none other than WB president David Malpass.

Making this announcement, Malpass aforesaid, "I am very happy to appoint Anshula Kant as World Bank Group Managing Director and CFO. Anshula brings quite thirty-five years of experience in finance, banking, and innovative use of technology through her work as a corporate executive of the banking company of Asian country."

"She's excelled at a various array of leadership challenges together with risk, treasury, funding, regulative compliance and operations. I anticipate to hospitable her to our management team as we have a tendency to work to extend our effectiveness in supporting sensible development outcomes." Malpass said.

Kant managed USD 38 billion of revenues and total assets of USD 500 billion. She greatly improved the capital base and focused on the long-term sustainability of SBI within her mandate.