Announcement • Jul 10
PNB Housing Finance Limited Announces Board Changes, Effective July 10, 2026
PNB Housing Finance Limited held its Board of Directors meeting on July 10, 2026, and approved the appointment of Mr. Shreekant (DIN: 11808336) as an Additional Director in the Independent Director category on the Board of the Company with effect from July 10, 2026, for a term of 3 years. Mr. Shreekant holds a bachelor’s degree in science (Hons.), M.A. in Political Science from Delhi University, Certified Associate of Indian Institute of Bankers (CAIIB), Indian Institute of Banking & Finance. He holds certifications in Advanced Leadership Prog. from Indian School of Business (ISB), Hyderabad; Global Advanced Management Prog from Haas School of Business, UC Berkeley, USA; and Organizational Changes from The Wharton School, University of Pennsylvania, Philadelphia PA. Mr. Shreekant has over 34 years of experience and expertise in the banking sector. He has held leadership positions in diverse areas of banking such as Business Vertical, Operations, Human Resources, Information Technology, etc., and brought about transformative changes through domain knowledge and leadership skills. He was in top leadership position in SBI for more than 5 years as Chief General Manager. Mr. Shreekant has headed the Real Estate & Housing vertical of SBI for around 2 years and was able to drive housing business of SBI to reach the milestone of INR 5 trillion AUM in record time. He has headed the Thiruvananthapuram Circle of the Bank, responsible for overall business growth and improving operational efficiency of over 1300 Branches/Offices. He has also spearheaded various strategic transformations as the head of the Executive Support Systems Unit of Bank’s IT Vertical. His key skills include branch banking operations, retail banking, digital banking, real estate and housing, IT compliance, risk management, MSME banking, financial reporting, payments systems and data analytics. Mr. Shreekant is not related to any Director of the Company and satisfies the criteria of Independence prescribed under the Companies Act, 2013, and SEBI Listing Regulations. He is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority. PNB Housing Finance Limited also approved the appointment of Mr. Rajiv Kumar Singh (DIN: 03060652) as an Additional Director in the Independent Director category on the Board of the Company with effect from July 10, 2026, for a term of 3 years. Mr. Rajiv Kumar Singh is a Fellow Chartered Accountant, a Certified Information Systems Auditor (CISA, USA), and an IBBI-Registered Valuer in the Securities or Financial Assets category. He brings to the Board nearly three decades of experience across banking and financial services, audit and financial reporting, risk management and internal controls, valuation and corporate finance, and corporate restructuring. Mr. Singh has served on the boards of regulated financial institutions and listed companies. He was an Independent Director of Union Bank of India, where he chaired the Audit Committee and served on the Risk Management Committee, Committee for Monitoring Frauds, Nomination and Remuneration Committee, and Amalgamation Committee. He also contributed to Board-level oversight of the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India. His board-level oversight encompasses financial reporting integrity, internal control frameworks, enterprise-wide risk management, treasury operations, regulatory compliance, and governance of financial instruments, technology, and cyber risk. Mr. Singh has extensive expertise in valuation and corporate finance, including business and equity valuation, complex financial instruments, intangible assets, purchase price allocation, impairment testing and mergers and acquisitions. His work spans transactional, financial reporting, regulatory, and dispute-related matters across India and international markets. Mr. Singh has contributed to professional education and technical guidance in valuation, fair value measurement, banking, and corporate finance. He has served as faculty and speaker at leading professional and academic institutions, including ICAI, ICSI, IICA, IIMs, and IITs. He is currently a Director of R S Valuation Services Private Limited and an Independent Director of Machino Plastics Limited and Lava International Limited. He is also a Partner at ASC & Associates, Chartered Accountants, and Co-founder of the International Business Valuers Association, an IBBI-recognised Registered Valuers Organisation. Mr. Singh is not related to any Director of the Company and satisfies the criteria of Independence prescribed under the Companies Act, 2013, and SEBI Listing Regulations. He is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.
