Tag: Sachinder Bhinder

Housing FinanceLatest Stories

NHB Investigates Aavas Financiers for Loan Classification Issues

Sure! Here’s a rewritten version of the content: — MUMBAI: The National Housing Bank (NHB) has initiated a formal investigation into Aavas Financiers, a mortgage lender backed by CVC Capital Partners, after preliminary findings revealed irregularities in loan classifications. Sources familiar with the situation informed RealtyDailyNews that several loans were improperly categorized under ineligible refinancing schemes. The sector regulator has revoked refinancing support amounting to nearly Rs 500 crore, triggering a significant leadership reshuffle within the company. RealtyDailyNews first reported on April 13 that managing director and CEO Sachinder Bhinder was being asked to resign, with Manu Singh, former head…

Housing FinanceLatest Stories

PNB Housing Finance Selects Four Candidates for CEO Role

MUMBAI: PNB Housing Finance, the third-largest housing finance company in India, has shortlisted four candidates for the role of managing director and CEO. Ajai Shukla, chief business officer at Tata Capital Housing Finance, is reportedly the leading candidate, according to sources familiar with the situation. The other contenders include Jatul Anand, executive director at PNB Housing Finance; Sachinder Bhinder, MD & CEO of Aavas Financiers; and Rajan Suri, chief business officer at Aditya Birla Housing Finance. These names have been submitted to the Reserve Bank of India (RBI) and the National Housing Bank (NHB) for consideration, as regulatory approval is…