Indian-Origin Ajay Singh Banga is the new President of the World Bank. Nominated by the USA President Joe Biden, Ajay Bangan's appointment was approved by the 25-member panel of the World Bank, for a five-year term. With the IIM Ahmedabad MBA will take over the position of the World Bank as President on June 2. This is the first time in Indian history that Indian-origin appointed as World Bank President.
Courtesy: News 18