Tuesday, August 9, 2022

Gita Nayyar appointed as Additional Director on the Board of PNB Housing

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New Delhi: Gita Nayyar has been appointed as an Additional Director on the Board of PNB Housing Finance. The Board of Directors of PNB Housing, on the recommendation of the Nomination and Remuneration Committee, has appointed Nayyar as an Additional Director in the category of Independent Director on the board of the company. She has been appointed to the post for a period of three years with effect from Saturday, said PNB housing in a regulatory filing to the stock exchanges on Saturday. 

Nayyar is a finance professional with over 30 years of global leadership experience with MNC banks/ VC funds and corporates. She has extensive cross-functional expertise in corporate banking, risk and relationship management, investment banking, wealth management and fund raising. She is also recognised for her expertise in angel investing or mentoring and advising early-stage ventures and has a successful track record of investing and founding early-stage enterprises.

Nayyar has considerable experience as a Board member & Advisor and has served on a number of boards in the corporate and social sector. She currently serves as an Independent Director on the Board of Taj-SATS, (a Tata group, SATS joint Venture), Transport Corporation of India.

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PNB Housing Finance

PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNB Housing is promoted by Punjab National Bank (PNB). The company came out with a public issue of equity shares in November 2016. The company provides housing loans and loan against property as part of its product portfolio and also holds the license to accept public deposits.

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