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Indiabulls Housing Finance Limited appoints Mr. Dinabandhu Mohapatra as independent director

Posted On: 2020-11-21 23:13:08 (Time Zone: Arizona, USA)


The Board of directors of Indiabulls Housing Finance Limited, on the recommendation of the Nomination and Remuneration Committee of Directors, approved the appointment Mr. Dinabandhu Mohapatra (DIN: 07488705) as an Independent Director (Additional Director), on the Board of Directors of the Company, for a period of three years, with effect from November 23, 2020, subject to the approval of the Members of the Company.

Mr. Dinabandhu Mohapatra, former MD & CEO, Bank of India, is a seasoned and committed banker, with a distinguished career spanning over three decades, during which he held various high level positions, including Executive Director of Canara Bank and Chief Executive Officer of Hong Kong and Singapore Centres of Bank of India. Mr. Mohapatra has vast knowledge and multi - dimensional banking experience including Treasury Operations, International Banking, Priority Sector Lending, Corporate Lending, Marketing, Recovery, Human Resources. Mr. Mohapatra, a post-graduate in Economics and a graduate in Law, joined Bank of India as a Direct Recruit Officer in the year 1984. During his career spanning over three decades at Bank of India, he has headed various Branches, Departments, Zones and National Banking Groups in Eastern, Western, Northern and Southern parts of the country. As Executive Director of Canara Bank, he was overseeing International Operations, Overseas Credit, Strategic Planning & Development (including Economic Intelligence & BPR), Retail Resources, Marketing, Selling & Cross-selling, Government Business and Fee Income Vertical, Corporate Credit, PAG & Syndication, CDR & Stressed Accounts, Financial Management & Subsidiaries. Mr. Mohapatra does not hold any shares in the Company and is not related to any other Director of the Company. Presently, he is not on the Board of any other company.

Mr. Mohapatra is not debarred from holding the office of director by virtue of any order passed by SEBI or any other such authority.

Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.174.75 as compared to the previous close of Rs. 176.8. The total number of shares traded during the day was 1083904 in over 12642 trades.

The stock hit an intraday high of Rs. 179 and intraday low of 174. The net turnover during the day was Rs. 190489962.


Source: Equity Bulls

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