Board of Directors and its Committees

Thriving on excellence and uncompromising service standards, PNB Housing is a professionally managed organization with a board of directors consisting of distinguished personalities and professionals who have excelled in various fields including finance, taxation, insurance and statutory bodies. The board drives the vision of the company by its expertise in strategy formulation, policy and control, designed to deliver increasing value to stakeholders.

 

Directors
sunilkaul Mr. Atul Kumar Goel: Non-Executive Nominee Director (Additional) with effect from 28th April, 2022
Born on December 26, 1964, Shri Atul Kumar Goel assumed the charge as MD & CEO of Punjab National Bank w.e.f. 01.02.2022. Prior to this, he was holding the position of Managing Director & CEO of UCO Bank. Before his elevation as MD & CEO of UCO Bank, he was Executive Director in Union Bank of India w.e.f. 15.09.2016 to 01.11.2018.
Read More

Mr. Goel is having around three decades of Professional Banking Experience in three Banks viz. Allahabad Bank (now Indian Bank), Union Bank of India & UCO Bank. As a qualified Chartered Accountant, he has vast experience, exposure & expertise in all major areas of banking including Large Corporate, Treasury Management, Risk Management; Financial Planning & Investor Relations apart from Support Service, Business Process Transformation, Compliance etc.

As a Managing Director & Chief Executive Officer of UCO Bank, he envisioned UCO Bank to be one of the leading Banks in India and was instrumental in bringing the Bank back to profitability in FY 2020-21 after 5 years of consecutive losses. He was a Director on the Board of The New India Assurance Co. Ltd from 01.10.2019 to 31.12.2021.

Presently he is Non Executive Chairman on the Board of PNB (International) Ltd, UK (wholly owned Foreign Subsidiary of Punjab National Bank) w.e.f. 15.03.2022. He is Non-Executive Director in PNB Housing Finance Limited w.e.f. 28.02.2022. He is member of Governing Council & Chairman of Executive Committee of Indian Institute of Banking & Finance (IIBF) and member of Governing Board of Institute of Banking Personnel Selection (IBPS). He is also Non-Executive Director on the Board of The Oriental Insurance Company Limited (OICL) w.e.f. 07.02.2022.

While working as Executive Director at Union Bank of India, his contribution to Large Corporate and Balance sheet Management was immeasurable through his rich knowledge and experience. He served as Director on the Boards of Star Union Dai-ichi Life Insurance Co. Ltd. & Union Trustee Company Private Limited.

Shri Goel joined Allahabad Bank (now Indian Bank), on 27.03.1992 as a Chartered Accountant in Specialist Officer in Scale II and was elevated up to the level of General Manager.

Earlier, he was the Chairman of Standing committee on Accounting Standards & Taxation & also Standing Committee on Retail Banking of Indian Banks’ Association (IBA). On 14th October 2021, Managing Committee of IBA elected Shri Goel as Chairman of IBA.

Read Less

sunilkaul Mr. Sunil Kaul: Non-Executive Nominee Director with effect from 05th March, 2015
He is post graduate in management from the Indian Institute of Management, Bangalore and holds a bachelor’s degree in technology from the Indian Institute of Technology, Bombay. Mr. Kaul has served as president of Citibank Japan, overseeing the bank’s corporate and retail banking operations. He concurrently served as the chairman of Citi’s credit card and consumer finance companies in Japan. He was also a member of Citi’s Global Management Committee and Global Consumer Planning Group.
Read More

He has over 25 years’ experience in corporate and consumer banking of which more than 15 years have been in Asia. In his earlier roles, he has served as the Head of Retail Banking for Citi in Asia Pacific. He has also held senior positions in Business Development for Citi’s Global Transaction Services based in New York, Transaction Services Head for Citi Japan and Global Cash Business Management Head for ABN Amro, based out of Holland.

Mr. Sunil Kaul is presently the Managing Director of the Carlyle Group, advising and providing oversight for its investments in the financial services sector across Asia and other emerging markets. He is based in Singapore.

Read Less

md Mr. R Chandrasekaran : Independent Director with effect from 07th October, 2020
R Chandrasekaran retired as Executive Vice Chairman of Cognizant India. He was one of the professional co-founders of Cognizant in 1994. He had played various leadership roles at Cognizant. He was instrumental in growing Cognizant’s global delivery footprint across the U.S., India, Europe, South America, The Philippines and China, and driving best-in-class delivery excellence at scale.
Read More

He was executive sponsor of Cognizant Foundation, the corporate social responsibility arm of Cognizant. He had driven the Foundation’s mission of improving lives of underprivileged sections of the society through focused activities in the areas of education, skill development, healthcare and livelihood.

He was member of the Executive Council at NASSCOM and served as its Chairman during 2014-15. Prior to Cognizant, he was with Tata Consultancy Services where he played a variety of leadership roles, globally.

He obtained his bachelor’s degree in mechanical engineering from the National Institute of Technology (formerly the Regional Engineering College) in Trichy and his MBA from the Indian Institute of Management, Bangalore. He was the recipient of the Distinguished Alumni Award from the National Institute of Technology, Trichy in 2008.

Remuneration:
Commission from net profits is paid to all the Independent Directors not exceeding an overall limit of 0.25% of the net profits as computed under Section 198 of the Companies Act, 2013. Sitting fees is paid for attending the meetings of the Board @ INR 50,000 per meeting and @ INR 30,000 per committee meeting.

Read Less

md Mr. Nilesh S Vikamsey : Independent Director with effect from 22nd April, 2021
He is member of the Institute of Chartered Accountants of India (ICAI) since 1985 and holds a diploma in Information System Audit (DISA) of the ICAI in 2003. He is senior partner at KHIMJI KUNVERJI & CO., Chartered Accountants, Mumbai since 1985.Khimji Kunverji & Co. is in practice since 1936, having over 79 years of experience in the areas of Auditing, Taxation, Corporate & Personal Advisory Services, Business & Management Consulting Services, Due diligence, Valuations, Inspections, Investigations, etc.
Read More

Khimji Kunverji & Co. is a member of HLB International. Formed in 1969, HLB assists clients to do business in over 130 countries. It is ranked amongst the 12 largest accounting groups worldwide, having annual billings of about US$ 1.9 billion, generated by 1,900 partners and 17,000 staff in more than 600 offices.

He is managing Audits/Consultancy of Large Nationalised Banks, Foreign Banks (Indian Operations), Large Listed Public & Private Limited Companies, Mutual Funds, Financial Services Sector companies.

Remuneration:
Commission from net profits is paid to all the Independent Directors not exceeding an overall limit of 0.25% of the net profits as computed under Section 198 of the Companies Act, 2013. Sitting fees is paid for attending the meetings of the Board @ INR 50,000 per meeting and @ INR 30,000 per committee meeting.

Read Less

md Dr. T.M. Bhasin : Independent Director with effect from 2nd April, 2020
Dr. Tejendra Mohan Bhasin is an Independent Director on our Board with effect from April 2, 2020. He holds a bachelor’s degree in laws and a master’s degree in business administration from the University of Delhi. He is an associate of the Indian Institute of Bankers. He is also a doctor of philosophy from the Faculty of Management Sciences, University of Madras. He has been conferred with honorary fellowship by Indian Institute of Banking and Finance. He was appointed as the vigilance commissioner in Central Vigilance Commission by the President of India. Presently, he is the Chairman of Advisory Board for Banking Frauds constituted by the Central Vigilance Commission, in consultation with RBI. He was formerly associated with Oriental Bank of Commerce as the General Manager. He was the Executive Director on the board of United Bank of India and the Chairman and Managing Director of Indian Bank. He has over 41 years of experience in administration, banking and finance industry.
Read More

Remuneration:
Commission from net profits is paid to all the Independent Directors not exceeding an overall limit of 0.25% of the net profits as computed under Section 198 of the Companies Act, 2013. Sitting fees is paid for attending the meetings of the Board @ INR 50,000 per meeting and @ INR 30,000 per committee meeting.

Read Less

md Mr. Neeraj Vyas, Non-Executive Non- Independent Director, with effect from 1st September, 2020
Mr. Neeraj Vyas is a senior banking professional with over 35 years of experience in the Indian Banking Industry across a range of diverse functions such as Retail Banking, Commercial Banking, Product Development, Human Resources etc. He superannuated as Deputy Managing Director and Chief Operating Officer (COO) of State Bank of India on 30th June 2018.As Deputy Managing Director & COO (SBI Corp. Central Mumbai from Jan 2017 to June 2018) he was head of operations (National Banking) of the biggest network in India comprising over 22,000 branches and 58,000 ATMs. He was managing over 2,60,000 personnel deployed nation-wide through 16 Local Head Offices.
Read More

During his tenure as Deputy Managing Director (Associates and Subsidiaries from May 2016 to December 2016) and as Chief General Manager (Associates and Subsidiaries from Jan. 2015 to April 2016) he had Overall control through MD (Associates & Subsidiaries), SBI of five associate banks and non-banking subsidiaries viz, SBI Mutual Fund, SBI Capital Markets Ltd and SBI Cards & Payment Services Pvt. Ltd. He was a Director, on the board of the erstwhile associate banks; State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala & State Bank of Travancore. He was also on the boards of non-banking subsidiaries viz., SBI Cards & Payment Services Pvt. Ltd., GE Capital Business Process Management Services Pvt. Ltd. and SBICAP Securities Ltd.He had also designed and conceptualized the scheme of merger of five Associate Banks and Bharatiya Mahila Bank with SBI, the biggest merger in the history of banking industry in India.

Further, as Chief General Manager (Corporate Strategy & New Businesses from June 2014 to May 2015) he Implemented SBI “InTouch”, fully automated outlets enabling customers to open savings bank, activate internet banking and receive debit card instantly without manual intervention, Pioneered launch of contactless cards in India, called SBI PayWave, aimed at improving customer experience & operational efficiency.

He was MD & CEO of PNB Housing Finance Limited from 28th April 2020 to 10th August 2020. Earlier, he was Independent Director on the Board of PNB Housing Finance Limited from 19th April 2019 to 27th April 2020. Mr. Vyas holds M.Sc. (Organic Chemistry) degree from Madhav Vigyan Mahavidyalaya, Ujjain (July 1975 to June 1977) from Vikram University, Ujjain, Madhya Pradesh.

Read Less

md Mr. Sudarshan Sen: Independent Director with effect from 1st October, 2020.
He has retired from the Reserve Bank of India as Executive Director in charge of regulation of banks and non-banking financial companies. In a career spanning over 36 years with the Reserve Bank, he worked in a number of areas, including banking regulation, bank supervision, fintech regulation, human resources, information technology, and currency management.
Read More

He has been on a number of major national and international committees; he has served as the Reserve Bank’s nominee on the Supervision and Implementation Group and the Policy Development Group of the Basel Committee on Banking Supervision, and was a member of the Committees which drafted and subsequently reviewed India’s Insolvency and Bankruptcy Code. He has also chaired the Inter-Regulatory Working Group on Fintech and the Working Group on Implementation of Ind AS by Banks, constituted by the Reserve Bank of India. He holds a Master’s degree in Mathematics from Delhi University and an MBA in International Banking and Finance from the University of Birmingham, UK.Remuneration:
Commission from net profits is paid to all the Independent Directors not exceeding an overall limit of 0.25% of the net profits as computed under Section 198 of the Companies Act, 2013. Sitting fees is paid for attending the meetings of the Board @ INR 50,000 per meeting and @ INR 30,000 per committee meeting.Read Less
sunilkaul Mr. Kapil Modi: Non-Executive Nominee Director with effect from 1st October, 2020.
He is a Director in Carlyle India team and has been a part of the investment team for c. $1.7bn of investments by Carlyle in India over the last 12 years. He has strong network of relationships across investment banks, consultants and operating management teams primarily in financial services and technology sectors. He holds a B. Tech degree in Computer Science from IIT Kharagpur and is a post graduate in management (Gold medalist) from IIM Ahmedabad. He also holds CFA from CFA Institute (USA) and a Master’s degree in business law from National Law School, Bangalore.
Ms. Gita Nayyar: Independent Director with effect from 29th May, 2021
Ms Gita Nayyar is a finance professional with over 30 years of global leadership experience with MNC banks/ VC funds and Corporates. She has extensive cross-functional expertise in Corporate Banking, Risk and Relationship Management, Investment Banking, Wealth Management and Fund Raising. She is also recognised for her expertise in angel investing/mentoring and advising early stage ventures and has a successful track record of Investing and founding early stage enterprises.Read More

Ms Nayyar has considerable experience as a Board member/ Advisor and has served on a number of boards in the corporate and social sector. She currently serves as an Independent director on the Board of Taj-SATS, (a Tata group, SATS joint Venture), Transport Corporation of India, Oriental Hotels Ltd and Glenmark Life Sciences Private Limited. She has been a senior advisor to Fulcrum Ventures Private Limited, is a member of the Board of Governors of the Indian Institute of Management-Udaipur and is an advisory committee member of HelpAge India.

She is a B.A. in Economics Honours from Delhi University and holds an M.B.A from Amos Tuck School of Business Administration, Dartmouth College, USA.

Read Less

Mr. Binod Kumar: Non-Executive Nominee Director with effect from 12th January, 2022
Mr. Binod Kumar is a professional banker having an experience of more than 26 years. He started his career as Management Trainee in 1994 and presently he is the Chief General Manager of PNB since November 2021. During his tenure, he has held many senior positions in the Bank. He is B. Sc (H), CAIIB, Financial Risk Manager (FRM) conducted by GARP (USA), Post Graduate Diploma in Banking & Finance (NIBM), Diploma in Treasury Investment & Risk Management (DTIRM), NSE’s Certification in Financial Markets- Mutual Fund and Securities Market and Diploma in Banking & Finance.
Mr. Hardayal Prasad : Managing Director & CEO, with effect from 10th August, 2020
Mr. Hardayal Prasad is a seasoned banker with experience in banking, international operations and credit card industry. He holds Master’s Degree in Chemistry and is a Certified Associate of Indian Institute of Bankers. Mr. Prasad has been part of State Bank of India, India`s oldest and largest banking group, for over three decades and has handled several assignments for the bank in various locations in India and abroad. Over the years, he has held multiple leadership positions at State Bank of India including Chief General Manager, LHO Hyderabad; General Manager, LHO Mumbai and Vice President (Trade & Systems), Los Angeles Agency USA among others.
Read More

He was the Managing Director & Chief Executive Officer of SBI Cards. While at SBI Cards he merged the two credit card entities and then came out with its IPO. He also spearheaded the transformational journey and repositioned SBI Cards, a pure play Credit Card Company, with leadership position in the market.

He was awarded the ‘Economic Times Most Promising Business Leaders of Asia, 2019-20’ award as part of the Economic Times Asian Business Leaders conclave, 2019, for demonstrating exemplary leadership qualities.

Read Less

Board of Directors and it’s Committees