Indiabulls Housing Finance (IBHFL) the country’s second-largest housing finance company, appointed Mr. S.S. Mundra, former Deputy Governor of the Reserve Bank of India, as an independent director on the board of the company.
“Mr. Mundra’s appointment is for a period of three years, until August 2021,” the company said in a statement. “Mr. Mundra’s extensive experience will be valuable for shaping the next phase of IBHFL’s growth, and his appointment will further strengthen the company’s corporate governance,” it added.
Mr. Mundra is a veteran banker with a distinguished career spanning over four decades during which he held various high-level positions — including Chairman and Managing Director of Bank of Baroda, Executive Director of Union Bank of India and Chief Executive of Bank of Baroda (European Operations) — culminating in his appointment as Deputy Governor of the Reserve Bank of India, from where he finally demitted office in July 2017, IBHFL added.
Mr. Mundra has also served on boards of several multi-dimensional companies like the Clearing Corporation of India Ltd (CCIL), Central Depository Services (India) Ltd. (CDSL), BOB Asset Management Company, India Infrastructure Finance Corporation (UK) Ltd. (IIFCL), IndiaFirst Life Insurance Company Ltd., Star Union Dai-Ichi Life Insurance company Ltd., National Payments Corporation of India Ltd., etc.
Presently, Mr. Mundra is on the Board of BSE Limited and DSP Blackrock Investment Managers Private Limited.
