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Ajay Banga was born on November 10, 1959, into a Punjabi Sikh Saini [15] family, in Khadki, Bombay State (now Khadki, Maharashtra), where his father, an army officer, was posted. [16] [17] His family is originally from Jalandhar, Punjab. His father, Harbhajan Singh Banga, is a retired lieutenant-general who served in the Indian Army. [18]
Ajay Banga: June 2, 2023–present United States Vice Chairman at General Atlantic; President and CEO of Mastercard: First World Bank Group president born in South Asia First World Bank Group president from India: References: [9]
In 2023, a new president was appointed: Ajay Banga. His term began on 2 June 2023. He was supported by the American president Joe Biden partly because he supports climate action. [9] He is also expected to help low-income countries deal with debts. He is the first Indian American to lead the bank. [9]
Banga entered office in 2023 after his controversial predecessor, David Malpass, was forced to resign following controversial remarks that seemed to doubt the science of climate change. Many ...
World Bank President Ajay Banga unveiled new plans on Tuesday to stretch the bank's balance sheet and help countries tackle climate change and other challenges, but said a capital increase would ...
There was no shortage of stressors to the global economy when Ajay Banga took charge at the World Bank almost a year ago: inflation eating at nations drowning in debt, a once-in-a-generation ...
Vindi was born in 1954 in Simla (then in the state of Punjab), the son of Lt.Gen. Harbhajan Singh Banga, of the Indian Army, and his wife, Jaswant. [1] His younger brother Ajay Banga is also a business executive. He earned a master in business administration from the Indian Institute of Management (IIM-A). [2]
India-born Banga will take on the role of executive chairman, while Miebach will become the company's president on March 1. Chairman Richard Haythornthwaite will retire after more than a decade ...