APN News

  • Tuesday, July, 2020| Today's Market | Current Time: 03:12:06

    Published on July 23, 2010

    The Board of PNB Housing Finance Ltd has recently appointed Mr. Sanjaya Gupta as the new MD of the Company .The appointment of the new Managing Director also marks the completion of Destimoney’s investment of Rs. 215 crores in the Company, which will take its total stake holding to 49%.

    Mr. Sanjaya Gupta is a veteran with experience of over 23 years in retail mortgages and allied products like mortgage guarantee. He previously worked for 16 years with HDFC Ltd. with extensive responsibilities for developing and managing new business territories. Thereafter, he was the business head of retail mortgages for India and global mortgage operations head with ABN AMRO Bank NV. After the sale of ABN AMRO NV, he was appointed as the CEO of AIG United Guaranty where he spearheaded a PPP project on mortgage guaranty, between AIG Inc. NHB, IFC & ADB. He also co-founded a micro housing finance company which is operating in the state of Rajasthan.

    Mr. K.R Kamath Chairman & Managing Director of Punjab National Bank said “We welcome Sanjaya Gupta’s appointment as MD of PNB Housing Finance Limited. His track record and vast experience make him the ideal candidate to take PNB Housing Finance into its next level of evolution, that of a Public Private Partnership”.

    On being appointed the Managing Director of PNB Housing Finance Ltd, Mr. Sanjaya Gupta said, “I am proud to be associated with PNB Housing Finance, a company that has always been focused on servicing its customers effectively, in keeping with our vision for India. The task of the team now is to build on this strong foundation in developing an institution that India can be proud of in the future.”

    “Given PNB’s track record in successful and committed long standing customer relationships and Destimoney’s world class processes and customer-centric initiatives, I hope to spell a new beginning in innovative housing finance for all Indians”, he added.