Mortgage player Indiabulls Housing Finance (IBH) on Wednesday said former RBI deputy governor S S Mundra has been appointed as its non-executive chairman with immediate effect.
Mortgage player Indiabulls Housing Finance (IBH) on Wednesday said former RBI deputy governor S S Mundra has been appointed as its non-executive chairman with immediate effect.
Mundra had joined the board of IBH in 2018 as an independent director.
The company said its executive chairman Sameer Gehlaut has taken up the position of chief executive officer of another listed firm promoted by him — Indiabulls Ventures Ltd.
“Subhash Sheoratan Mundra, ex-deputy governor of the Reserve Bank of India, who joined the Board of Indiabulls Housing Finance in 2018 as an independent director, has been appointed by the Board as non-executive chairman of the company with immediate effect,” IBH said in a release.
Going forward, Gehlaut will focus full time on the chief executive’s role at Indiabulls Ventures for growing its consumer business in finance and healthcare on App Dhani, the company said.
Gehlaut will also serve as non-executive, non-independent director of Indiabulls Housing Finance Ltd.
