Indiabulls Housing Finance on Thursday said the board has recommended Gagan Banga as CEO of the proposed entity to be formed after its merger with Lakshmi Vilas Bank.
This is to inform you that the board of directors of IHFL have recommended that in order to ensure continuity and to provide broader oversight and the benefit of vision of its Chairman Sameer Gehlaut to the amalgamated bank, Indiabulls Housing Finance said in a regulatory filing..
Gehlaut has been proposed as non-executive chairman of the merged entity, it added.
In order to ensure smooth transition and continued growth, Banga, who is the current managing director and chief executive officer of IHFL, should continue in the same position in the amalgamated bank, it said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app