Subhash Sheoratan Mundra has been appointed as Independent Director on the Board of Indiabulls Housing Finance Ltd (IBHFL) for a period of three years. He was.....

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Subhash Sheoratan Mundra has been appointed as Independent Director on the Board of Indiabulls Housing Finance Ltd (IBHFL) for a period of three years. He was____

A	Former Governor of RBI
B	Former Chairman of SBI
C	Former Deputy Governor of RBI
D	Former Finance Adviser of India

Explanation:

Detailed explanation-1: -on Wednesday said former RBI Deputy Governor S S Mundra has been appointed as its non-executive chairman with immediate effect.

Detailed explanation-2: -Mr. Banga is the Vice Chairman, Managing Director of Indiabulls Housing Finance Ltd [IBH]. He has over 22 years of industry experience and has been with Indiabulls since 2000. He has been a key driver of the success story of IBH, transforming a start-up into India’s third largest housing finance company.

Detailed explanation-3: -Gagan Banga, vice chairman and managing director, Indiabulls Housing Finance, on Thursday, mentioned that the company expects assets under management (AUM) growth to be 15 percent in FY23.

Detailed explanation-4: -Indiabulls Housing Finance Ltd. (IBHFL) is the third largest housing finance company which was incorporated on May 10 2005. The company provides home loans and loans against property. They also offer plot loans and loans against residential commercial and rental property.

There is 1 question to complete.