Only days after Hon’ble Minister of Finance, Nirmala Sitharaman, an M. Phil in Economics from the Jawaharlal Nehru University (JNU) presented her maiden financial budget successfully, another Economics graduate from the University of Delhi (DU) has been entrusted as the next Managing Director and Chief Financial Officer of The World Bank Group, making her the first woman to hold this prestigious post.

Ms. Kant will be responsible for financial and risk management of the World Bank Group, reporting directly to Mr. David Malpass, Group’s President at Washington D.C. Her duties will include risk management and financial reporting and she will work with the bank’s CEO Kristalina Georgieva on mobilization of International Development Association (IDA),  WB and other financial resources.

As a student of the University, Ms. Kant has an Honours degree in Economics from Lady Shri Ram College and a post-graduate degree in Economics as well  from the Delhi School of Economics.

“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,” quotes Mr. Malpass. 

“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,” he adds further. 

Over her three-decade long service at the State Bank of India (SBI), Kant rose significantly to emerge as the group’s MD by sheer hard work and dedication, as shared by her colleagues. Kant has also served as Chief General Manager of Mumbai SBI and was Deputy MD of Operations for National Banking Group. Appointed as the MD and member of the Board since September 2018, till the date of her superannuation in September 2020, Kant will now join the league of Aparna Subramani, Saroj Kumar Jha, Sumila Gulyani & other qualified Indian officials holding key positions at the IRDB or World Bank. Since 1965, Indians continue to form the tThird largest Ethnic group at the World Bank earning prestige and honor for the Indian soil, and aspiring millions to achieve such big feats. 

Ms. Anjula Kant is a fine paradigm of global Indian women who are excelling at Banking & Economy;, the likes of Arundhati Bhattacharya,  Archana Bhargava, Usha Ananthasubramanian, and Naina Lal Kidwai being some other worthy mentions, adding to the field’s foster for equality of opportunity. 

Ms. Kant is a huge inspiration for many students, especially those of Delhi University who aspire to achieve these great feat. 

Team DU Beat wishes her very best! 

Feature Image Credits: The Economic Times

Md. Faizan Salik

[email protected]

Every year, millions of students in India toil hard for admissions into foreign universities. There are many who don’t dare to dream given that the costs involved are substantially higher. Education abroad is not easy to manage, right from the screening exams to arranging visa and funds; it all requires a lot of effort. While the most important aspect of planning a course abroad is the type of university and country, another very important part is organising the funds. Choosing the right Education Loan partner will eventually help you smoothen things both, during and after the course. 

Here, we are going to talk about a scheme from State Bank of India that could offer a better solution to the issues stated above. The scheme is called Global Ed-Vantage and under this scheme, SBI offers some amazing features for students planning to study abroad. With Global Ed-Vantage, students can avail loans up to a sum of INR 1.5 Crores and repay it over a period of 15 years, that too after the course completion. The loan can be availed for graduate/ postgraduate/doctorate courses, in any discipline offered by foreign institutes or universities in USA, UK, Canada, Australia, Europe, Singapore, Japan, Hong Kong, and New Zealand.

Coming from India’s leading bank and with such amazing and flexible features, it is a highly recommended option for students looking for financing full-time courses abroad. Eligibility criteria and other details for Global Ed-Vantage are as below: 

Eligibility Criteria 

Courses that are funded by the Global Ed-Vantage scheme: 

  • Anyone with an enrollment or application confirmation letter from a regular institute/university conducting a graduate or post-graduate or doctorate degree can apply for SBI Global Ed-Vantage loan.
  • The loan is applicable for individuals willing to enroll in universities /colleges/ institutions located in the United States, United Kingdom, Canada, Australia, Europe, Singapore, Japan, Hong Kong, and New Zealand .

Education Expenses Eligible Under the SBI Global Ed-Vantage Loan:  

  • Primary expenses – Tuition fee, Hostel Fee, Examination Fee, Library Fee, Laboratory Fee, Transportation Fee 
  • Secondary expenses – Purchase of a laptop, books, uniform, and instrument. Fee for study tours, project work, thesis, etc.
  • Tertiary expenses – Funding for ‘RiNn Raksha’, insurance for loans by State Bank of India

Processing Fee and Rate of Interest of SBI Global Ed-Vantage Loan:

  • In order to get your funding application to study abroad processed, an initial fee of INR 10,000/- (+ GST) needs to be paid 
  • Several aspects need to be taken under consideration before approving a loan. The processing fee takes care of all these steps. SBI assures to give every individual a hassle-free experience
  • SBI Global Ed-Vantage follows the simple interest charges during the course period and moratorium period. Individuals can clear their education loan within a duration of 15 years after course completion

Security and Re-payment Details: 

  • Tangible collaterals (even third-party collaterals) are accepted 
  • Repayment plan of education loan will begin 6 months after the course completion
  • Easy Monthly Installments that are available up to the duration of 15 years after repayment has started

Global Ed-Vantage is a great initiative from SBI which will definitely fuel a lot of dreams and success stories of tomorrow. So, stop worrying about the finances and put in your best efforts to claim your seat at the world’s leading universities.