Recently, PNB Housing Finance Managing Director and CEO Girish Kausgi resigned. His service ends on 28 October 2025. Now the company has changed some leadership positions. Under this, function head Jatul Anand has been made executive director and Valli Shekhar has been made Chief Business Officer-Affordable Business. The company has given information about this. According to the exchange filing, in PNB Housing Finance, now function head Jatul Anand has been made executive director. But he is not a board member.
Anand is an overall incharge of Prime and Emerging Business (Sales, Credit, Products and Collections) from 2 August. Anand was still the Chief Credit and Collection Officer in the company. He joined the company on 19 June 2013. Anand has more than 22 years of experience. Prior to this, he has given his service in institutions like ICICI Bank, Standard Chartered Bank.
Valli Shekhar so experienced
Function head Valli Shekhar has now got the responsibility of Chief Business Officer- Affordable Business. He is an overall in -charge of Affordbell Business (Sales, Credit, Products and Collections) from 2 August. Valli was still the Chief Sales and Collection Officer- Affordbel Business. He joined PNB Housing Finance on 6 June 2022. He has more than 25 experience. Prior to this, she has worked in companies like Shriram Housing Finance, Mahindra Housing Finance, Aadhar Housing.
What did Kausagi explain the reason for the resignation
Girish Kausgi for the last 3 years PNB Housing Finance K was handling the responsibility of MD and CEO. He has said that he wants to find opportunities outside the company. Kausgi will also withdraw from the PNB Housing Finance’s boards, PHFL Home Lones and PEHEL Foundation boards. He has more than 21 years of experience in the financial services sector. Earlier, Managing Director and CEO in Kausgi Can Fin Holmes Limited, Retail-Credit and Risk head in Tata Capital Financial Services Limited, Executive Vice President and ICICI BANK LIMITED have worked as Joint General Manager in IDFC Bank Limited. Kausgi was included in the board of PNB Housing Finance on 21 October 2022.
Share was shared after resignation
Kausgi resigned on 30 July, which was approved by the PNB Housing Finance Board on 31 July. The news of the resignation came after the market closed on 31 July. On Friday, August 1, the company’s stock fell 18 percent on BSE to close at Rs 808.05. The company’s market cap fell to Rs 21000 crore. The stock has fallen 25 percent in only 2 weeks. In June, Motilal Oswal gave a target price of Rs 1230 per share with a ‘bye’ rating for the stock and the UBS gave a target price of Rs 1300 per share with ‘bye’ rating.
The PNB Housing Finance final dividend’s record date for FY 2025 was August 1, 2025. By this date, shareholders whose names will be in the records of the Register of Members of the Company or Depositors as the beneficiaries owners of shares will be entitled to dividend.
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