Biden nominates Ajay Banga for position of World Bank president 
News Updates

Biden nominates Ajay Banga for position of World Bank president

President Joe Biden announced that the US is nominating Indian-American business leader Ajay Banga to lead the World Bank

PSU Watch Bureau

Washington: President Joe Biden on Thursday announced that the US is nominating Indian-American business leader Ajay Banga to lead the World Bank. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement.

Brief profile

Banga, 63, currently serves as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, leading the company through a strategic, technological and cultural transformation.

"He has spent more than three decades building and managing successful, global companies that create jobs and bring investment to developing economies, and guiding organisations through periods of fundamental change.

"He has a proven track record managing people and systems, and partnering with global leaders around the world to deliver results," Biden said. Banga was awarded the Padma Shri in 2016.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Company Secretary

CERC proposes 'Buyout Price' as an alternative mechanism for fulfilling RCO

CSIR-NML inks pact with MECL for critical mineral research

BEL bags Rs 633 crore order from CSL for advanced defence equipment

Indian Railways to operate 1,500 special trains over next 5 days to manage Chhath festive rush

NHAI to deploy survey vehicles to collect pavement condition, road inventory data in 23 states