SS Mundra Appointed Independent Director of Indiabulls Housing Finance

Subhash Sheoratan Mundra has been appointed as Independent Director on the Board of Indiabulls Housing Finance Ltd (IBHFL) for a period of three years. The former Deputy Governor of the Reserve Bank of India (RBI) and senior banker is not replacing an existing member on the Board.
Mundra, a Post-Graduate from the University of Poona, used to be the Chairman of Bank of Baroda and an Executive Director at Union Bank of India. He left the RBI in July 2017. 
Source- Business Standard

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • IBHFL is India’s 2nd largest Housing Finance Company. 
  • Sameer Gehlaut is the Chairman of Indiabulls Group since inception. 
  • Indiabulls Real Estate Ltd (IBREL) started in the year 2005. 

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