PNB Housing Finance Limited has appointed Hardayal Prasad as its new Managing Director and Chief Executive Officer.
Hardayal Prasad holds dense experience in banking, international operations and credit card industry. He will be assuming the position on August 10, 2020 and replace Neeraj Vyas.
Prasad was a part of State Bank of India for more than 30 years and handled several assignments for the bank across geographies. In his years of association with the State Bank of India, he held several leadership roles including Chief General Manager, LHO Hyderabad; General Manager, LHO Mumbai and Vice President (Trade & Systems), Los Angeles Agency USA among others.
He held the position of Managing Director & Chief Executive Officer of SBI Cards. While at SBI Cards, he amalgamated the two credit card entities and then created its IPO. He also the led the transformational journey and repositioned SBI Cards, a pure play Credit Card Company, with leadership position in the market.
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Commenting on the management change, CH SS Mallikarjuna Rao, Chairman of the Board, PNB Housing Finance, said: “On behalf of the Board, I would like to thank Neeraj Vyas for taking charge as interim Managing Director and Chief Executive Officer of PNB Housing Finance over the last three months and successfully steering the Company through these unprecedented times.”
“I am delighted to welcome Hardayal Prasad to PNB Housing Finance ltd. His illustrious track record combined with exceptional leadership qualities and values, make him the right choice to lead PNB Housing Finance in its journey to becoming the leading housing finance company in India. I wish him the very best and success in this journey,” he added.