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
L V PrabhakarMr. L V Prabhakar : Non-Executive Director, with effect from 9th August, 2018
Mr. L.V. Prabhakar is the Executive Director of Punjab National Bank (PNB) since March 1, 2018. He holds a Master’s Degree in Agriculture and a Certified Associate of Indian Institute of Bankers (CAIIB). He has an experience of over 32 years.

Read More

Prior to PNB, he served in Allahabad Bank in various capacities at Industrial Finance Branch, Mumbai, Lead District Office and various Zonal Offices. He worked at Corporate Office as Head of various important verticals viz., Information Technology, Retail Banking, Priority Sector Credit, MSME Credit, Financial Inclusion, Human Resource Development and Integrated Risk Management.

Read Less

sunilkaulMr. 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.

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

sk_jainMr. S. K. Jain : Independent Director, with effect from 14th August 2014
Mr. S. K. Jain holds a Master’s Degree in Arts from the University of Punjab. He is also an MBA from the University of Indiana, USA (Dean’s List) and a Fulbright scholar. He was an elected member of Beta Gamma Society. He retired from Citibank in June 2000 after working for more than 31 years. He held the post of Senior Credit Officer for more than 18 years. Apart from his tenure in India, he also spent many years working with Citibank in Hong Kong, Taiwan, Philippines, Thailand and Canada.

Read More

As a division Credit Officer for North Asia (Philippines, HK, Taiwan, Korea, China), he managed the portfolio under high level of volatility and uncertain macro-economic scenario which resulted in significant reduction in loan losses. He strengthened the credit infrastructure for Consumer Bank in India, including the scoring model for large volume asset products. He developed training courses to enhance understanding of risk management for relationship and operations managers.

He was the Division Credit Officer for Canada including the real estate portfolio. He developed a leading indicator framework for real estate across Canada, which was key component of the target market. He was actively involved in credit automation to enhance the use of technology in credit management process. In his last assignment in India (1993 till retirement), he played a lead role in establishing the credit discipline and process for Consumer Bank. 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 re- appointed for a second term of 1 year with effect from August 14, 2019.

Read Less

mdMr. 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.

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. 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.

Read Less

mdMr. 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.

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. 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.

Read Less

mdProf. (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.

Read More

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.

Read Less

mdMr. 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.
mdMrs. 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.

Read More

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.

Read Less

mdMr. Neeraj Vyas, Independent Director, with effect from April 15, 2019
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 and Management Information System (MIS). He superannuated as Deputy Managing Director and Chief Operating Officer (COO) of State Bank of India on 30th June 2018.

Read More

During his tenure as Deputy Managing Director & COO of SBI (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. He was Deputy Managing Director of SBI Associates and Subsidiaries from May 2016 to December 2016. He designed & conceptualized the scheme of merger of five Associate Banks and Bharatiya Mahila Bank with SBI.

Mr. Vyas holds B.Sc. (Chemistry) & M.Sc. (Organic Chemistry) degrees from Madhav Vigyan Mahavidyalaya, Ujjain (July 1972 to June 1977).

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.

Read Less

Mr. Sanjaya Gupta : Managing Director and CEO, with effect from 25th June 2010
Mr. Sanjaya Gupta is the Managing Director & CEO of PNB Housing Finance Limited since 2010. Under his leadership, the Company has scaled new heights and has witnessed a sea change in its operational robustness and go to market strategy resulting in a multi fold growth of the Company. As a result, today PNB Housing is the fifth largest Housing Finance Company (HFC) in the country by Loan Assets and second largest by deposits. The brand has been repositioned, with pan India presence.

Read More

PNB Housing concluded a very successful IPO too; being the second largest IPO of 2016 which was listed on the stock exchanges at a premium.

He is an Independent Director of India Shelter Finance Corporation Ltd., where he also heads the Audit Committee of the Board. He is also on the Board of Ashimara Housing Private Ltd. Throughout his career spanning over 32 years, he has significantly contributed to the mortgage industry and allied risk management products across geographies. He is often consulted by the policy makers for key changes in the sector and is a member of a committee, constituted by the Reserve Bank of India, on the Development of Housing Finance Securitisation Market. He has worked for large corporate houses like HDFC Limited, ABN Amro Bank N.V. and AIG United Guaranty.

Recently, he has been recognised as one of the ‘Most Promising Business Leaders of Asia 2019’ at the Economic times Asian Business Leaders Conclave.

Mr. Gupta holds a Post Graduate Degree in Business Management. He is also a Fellow of the Royal Institution of Chartered Surveyors – UK.

Read Less

Board of Directors and it’s Committees