PNB Housing announced the appointment of Girish Kausgi A veteran of 25 years mortgage in place of Prasad and retail credit Anubhav, Kausgi was the Managing Director can fin homes Before joining PNB Housing.
Kausagi’s appointment is, however, subject to the approval of the shareholders.
Prasad’s tenure at PNB Housing saw several twists and turns as the lender failed to raise equity capital during his tenure even after private equity firm Carlyle announced an increase in majority stake in the company. The Carlyle Group, which holds around 32% stake, had to abandon the capital investment plan, facing regulatory and legal hurdles.
During this, can fin homes Said it is in the process of recruiting a CEO from the market. The company has asked Deputy Managing Director Amitabh Chatterjee to manage the affairs of the company in the interim period.