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
Shri Sunil Mehta Shri Sunil Mehta : Chairman – Non-Executive, with effect from 12th May 2017
Shri Sunil Mehta MD & CEO of Punjab National Bank.He is a Post Graduate in Agriculture, MBA in Finance and a Certified Associate of Indian Institute of Bankers (CAIIB). He is a seasoned banker with over 35 years of rich experience in various administrative and functional capacities at Branches, Zonal Offices, and also at the Head Office level. He started his banking career as an Agriculture Field Officer at Allahabad Bank in 1982.
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He has held various important positions during the course of his career in view of his expertise in agriculture, retail, credit and planning & development. He was a member of Govt. of India delegation to Israel in the year 2000 for study of Developmental Model of Hi-tech Agriculture for exploring its implementation in India. He has also attended Management Development Programme at IIM, Kolkata and participated in a seminar on Economic Challenges being faced by developing Economics at Istanbul, Turkey.

Prior to assuming the position of MD & CEO of Punjab National Bank, he was Executive Director of Corporation Bank.

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L V Prabhakar Mr. 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).
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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. He was also in the Board of AUPGB.

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sunilkaul Shri 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.Shri 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.

Shri 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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sk_jain Mr. 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.
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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 appointed for a term of 5 years.

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md Mr. R Chandrasekaran : Independent Director, with effect from 07th October 2015
R Chandrasekaran is the Executive Vice Chairman of Cognizant India. He is one of the professional co-founders of Cognizant in 1994. In the last 20 years, he has 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 is an executive sponsor of Cognizant Foundation, the corporate social responsibility arm of Cognizant. He has 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 has been a long-standing 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 15 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 30 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 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 Mr. Sanjaya Gupta : Managing Director, with effect from 25th June 2010
Mr. Sanjaya Gupta holds a Post Graduate Degree in Business Management. He is also a Fellow of the Royal Institution of Chartered Surveyors.His professional career started with HDFC Ltd. in 1987 as a management trainee. He worked there for 16 years in various geographies at a variety of strategic and functional positions. His last assignment with HDFC was as the Head of Business Development & Distribution.
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Thereafter he worked with ABN AMRO Bank NV as India Business Head, Retail Mortgages and later got elevated as the Mortgage Operations Head for North America and other geographies.His last assignment before PNB Housing was with United Guarantee (AIG Inc.) as the Country Head for India, a joint venture of NHB, ABD and IFC Washington DC.Throughout his career spanning over 25 years, he has significantly contributed to mortgages and allied risk management products. He has a distinction of establishing international housing finance branch operations for HDFC Ltd., which is also the industry’s first. He is often consulted by the policy makers on key changes in the sector.

He is an ADB nominated Director on the Board of Satin Creditcare Network Limited and Director of India Shelter Finance Corporation Limited.

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Board of Directors and it’s Committees