Indian-origin Ajay Banga takes over as World Bank President

Indian-origin Ajay Banga takes over as World Bank President

Daily Current Affairs / Indian-origin Ajay Banga takes over as World Bank President

Change Language English Hindi

Category : International Published on: June 06 2023

Share on facebook

Indian-origin Ajay Banga started his five-year term as the 14th President of the World Bank today, replacing David Malpass On June 2.
Banga has become the first-ever Indian-American to head the World Bank.
The 63-year-old is the first-ever Indian-American to head the global financial institution.
He was nominated for the role by US President Joe Biden.
An alumnus of St Stephen's College and IIM Ahmedabad, Banga was previously the CEO of Mastercard.
Banga most recently served as Vice Chairman at General Atlantic.
While Banga is a US citizen and was President Joe Biden’s pick for the job, he was until 2007 an Indian national, and was in 2016 conferred the Padma Shri.
He was the Honorary Chairman of the International Chamber of Commerce, serving as Chairman from 2020-2022.

Recent Post's

R. Praggnanandhaa wins UzChess Cup Masters 2025 and becomes top-ranked Indian chess player.
Read More....
Meesho gets shareholder approval to raise ₹4,250 crore via IPO after shifting domicile to India.
Read More....
IPS officer Parag Jain appointed new RAW chief; played key role in Operation Sindoor.
Read More....
ICC updates powerplay rules for shortened T20 matches effective from July 2025.
Read More....
Power Ministry forms task force to develop 'India Energy Stack' for digital power infrastructure.
Read More....
MNRE issues revised guidelines for Biomass Programme to promote clean energy adoption.
Read More....
CBSE to hold Class 10 board exams twice a year from 2026 session; first phase mandatory, second optional.
Read More....
NATO agrees to increase defence spending target to 5% of GDP by 2035 at The Hague summit.
Read More....
India and South Africa sign agreements on submarine cooperation during defence talks.
Read More....
Odisha wins women’s title in first Hockey India Masters Cup; Tamil Nadu enters men’s final.
Read More....