The World Bank Group announced its first female Managing Director on July 12 - an Indian national. Anshula Kant, an MD at the State Bank of India (SBI) and formerly CFO of SBI, was appointed MD and CFO of the World Bank Group, the multilateral development bank. “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,” World Bank Group president David Malpass said. “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.” Ms. Kant will be responsible for financial and risk management and will report to Mr. Malpass. Her duties will include risk management and financial reporting and she will work with the Bank`s CEO to mobilize financial resources .Ms. Kant holds an honours degree in Economics from Lady Shri Ram College and a post-graduate degree in Economics from the Delhi School of Economics.