PNB Housing Finance Limited New MD & CEO

PNB Housing Finance Limited Board of Directors has appointed Hardayal Prasad as Managing Director and Chief Executive Officer of PNB Housing Finance Ltd. Hardayal Prasad will assume the position on Aug 10, 2020.  Mr Neeraj Vyas, the current Interim Managing Director and Chief Executive Officer of the Company, will step down from the position on Aug 10, 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. 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. Commenting on the management change, CH SS Mallikarjuna Rao, Chairman of the Board, PNB Housing Finance, said: “On behalf of the Board, I would like to thank Mr Neeraj Vyas for taking charge as interim Managing Director and Chief Executive Officer and successfully steering the Company through these unprecedented times.  I am delighted to welcome Mr Hardayal Prasad to PNB Housing Finance ltd. His illustrious track record combined with exceptional leadership qualities and values, make him the right choice. I wish him the very best and success in this journey.” Hardayal Prasad said, “I am honoured to be taking over from Neeraj Vyas. The Company has a strong parentage and trusted brand, which resonates with its stakeholders. With its pan-India presence, robust operating platforms and excellent customer service is well positioned to take on the emerging challenges in the mortgage industry. I thank the Board of PNB Housing Finance and look forward to contributing to the profitable growth of PNB Housing Finance”.