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PNB Housing appoints Neeraj Vyas as interim MD & CEO

PNB Housing Finance today announced the appointment of Neeraj Vyas as the company’s interim Managing Director and CEO for a period of eight months, effective from April 28, 2020. 

Vyas, who has resigned from his current role as an independent director, will also hold the position of Executive Director of the company.  

The appointment comes as the tenure of the company’s existing MD & CEO Sanjaya Gupta is coming to an end on May 4, 2020.

In a regulatory filing, the mortgage lender said, “the Board of Directors, at its meeting held on April 28, 2020, based on the recommendation of the Nomination & Remuneration Committee and subject to the approval of the shareholders, has appointed Mr. Neeraj Vyas as an Executive Director and the interim Managing Director and CEO of the Company for a period of 8 months, effective from April 28, 2020.”

Neeraj Vyas is a senior banking professional with over 36 years of experience in banking. Previously, he has worked as Deputy MD and COO of State Bank of India.

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