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
Mallikarjuna Rao Mr. CH. S. S. Mallikarjuna Rao: Non-Executive Director and Chairman, with effect from 20th December, 2019
Mr. CH. S. S. Mallikarjuna Rao is a banker with over 35 years of rich experience and is presently the MD & CEO of Punjab National Bank.

He holds degrees in B. Sc, LLB and is a Certified Associate of Indian Institute of Bankers (CAIIB). He started his banking career as a Probationary Officer in Bank of Maharashtra in 1985. Prior to assuming the position of MD & CEO, Punjab National Bank, he was MD & CEO of Allahabad Bank for one year. During this period, the organisational restructuring was implemented for efficient functioning of the Bank.

Before this he served as Executive Director of Syndicate Bank since 15.9.2016. Mr. Rao has held various positions in Oriental Bank of Commerce including as General Manager & Chief Financial Officer, as Regional Head, Bangalore. He had also worked as Assistant Vice President in erstwhile Global Trust Bank before joining OBC.

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During the course of his career, he has gained vast exposure in Credit, Information Technology, Recovery, Treasury, Risk Management, Digital Banking, Retail Banking and Marketing & Publicity.

Mr. Rao presently is also the Deputy Chairman at Indian Banks’ Association (IBA) and is a member of the Insolvency Law Committee (ILC) as well, a standing committee constituted under the aegis of Ministry of Corporate Affairs.

Mr. Rao is also the Chairman, Governing Board of the National Institute of Banking Studies & Corporate Management (NIBSCOM), Noida, Uttar Pradesh. He is also the Chairman of the IBA’s Standing Committee on MSME.

Key assignments and highlights of his Career include the following:

In his career spanning over three decades he has headed different branches covering Rural, Urban & Metro locations as well as headed various verticals like Information Technology, Operations, Cash Management Services and has also been a Core Member of IT Integration Project for merger of Two Banks.

Mr. Rao has had the distinction of serving as General Manager in charge of various portfolios viz.

  • Chief Financial Officer
  • Information Technology
  • Risk Management
  • Treasury & International Banking
  • Digital Banking
  • Retail, Marketing & Publicity
    National / International Programs attended:
  • Executive Development Program at IIM, Ahmedabad.
  • CRM & Predictive Analytics Program at IDRBT / University of Ghent, Belgium.
  • Program on Information Security & Assurance at IDRBT /Buffalo, USA.
  • Leadership Development Program at ASCI, Hyderabad.

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sunilkaul Mr. Sunil Kaul : Non-Executive 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.
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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.

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md Mr. R Chandrasekaran : Independent Director, with effect from 07th October, 2015
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.
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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. 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 meeting. He has been appointed for a term of 5 years.

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md Mr. Nilesh S Vikamsey : Independent Director, with effect from 22nd April, 2016
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.
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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. 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 meeting. He has been appointed for a term of 5 years.

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md Prof. (Dr) Gourav Vallabh : Independent Director, with effect from 22nd April, 2016
He is FRM (GARP, USA), CA, CS, Ph.D. (UoR, India), M.Com. (Gold Medalist), LL.B. and B.Com. (F) (Gold Medalist). He is Professor of Finance XLRI Jamshedpur, Xavier School of Management, Jamshedpur.He was ex Director – The Institute of Chartered Accountants of India, ex Professor – Management Development Institute, was nominated as a Visitor’s Nominee (Nominee of President) in Banaras Hindu University (BHU) for calendar year 2015, 2016 and 2017, was nominated as a Member of Board of Governors of Indian Institute of Forest Management, Bhopal (IIFM, Bhopal) and IIFM Society by Ministry of Environment, Forest and Climate Change, Government of India.
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He has worked with the National Institute of Bank Management (NIBM, Reserve Bank of India undertaking), Pune, XLRI – Jamshedpur, MDI Gurugram and The Institute of Chartered Accountants of India (ICAI, New Delhi). Has more than 17 years of industry and academic experience. Published more than a dozen research papers in referred academic journals and presented papers in many national and international academic conferences. 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 meeting. He has been appointed for a term of 5 years.

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md Mr. Ashwani Kumar Gupta : Independent Director, with effect from 12th May, 2017
A member of the Institute of Chartered Accountants (1977 batch), Ashwani Kumar Gupta has an experience of over 33 years in corporate finance, treasury, capital management and asset reconstruction. After being a Whole Time Director (Finance) for more than 15 years, he is currently a Non-Executive Director on the Board of The Dhampur Sugar Mills Limited, a leading sugar manufacturer in India. He is also experienced in private equity investing and real estate development. He has been appointed for a term of 5 years. 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 meeting.
md Mrs. Shubhalakshmi Panse : Independent Director with effect from 7th July, 2017
She has over 38 years’ experience in the field of Banking, particularly in Corporate Credit appraisal, Credit Monitoring, NPA management, Planning, Project appraisal and also in Economics, Finance and Information Technology. She is the former Chairman & Managing Director of Allahabad Bank. She was also the Executive Director of Vijaya Bank for two and half years. She started her career with Bank of Maharashtra.
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Smt. Shubhalakshmi Panse is a post graduate in Science and holds D.B.M. (Diploma in Business Management) & MMS (Masters in Management Sciences with specialization in Financial Management) from Pune University. She also holds an M.B.A. (Masters in Business Administration) with specialization in Bank Management from Drexel University, USA. She is also a Certified Associate of Indian Institute of Bankers (CAIIB).

She has also undergone many trainings and courses at various prestigious institutes, like NIBM-Pune, ASCII-Hyderabad, BTC RBI-Mumbai, JNIDBI-Hyderabad, MDI Gurgaon, MEFTEC Bahrain, European School of Management London, UK & Paris France, Bank of International Settlement Basle, Switzerland etc. 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 meeting. She has been appointed for a term of 5 years.

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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.
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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 meeting.

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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.
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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.

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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.
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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.

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Board of Directors and it’s Committees