Former Bank of India boss joins Indiabulls


 


The board of mortgage lender Indiabulls Housing Finance on Saturday approved the appointment of Dinabandhu Mohapatra as an independent director of the company with effect from November 23. Mohapatra was the former managing director and CEO of Bank of India (BoI).

The latest appointment could reflect its banking ambitions and it comes just a day after an RBI panel chaired by its central board director P.K. Mohanty recommended that large non-banks with an asset size of Rs 50,000 crore, including those which are owned by a corporate house, be allowed to convert to banks.

Last October, the RBI had rejected a proposal to merge Indiabulls Housing Finance with Lakshmi Vilas Bank, following allegations that money worth thousands of crores were siphoned off by its founder and the directors. Subsequently, the petitioner who had approached the Supreme Court alleging the misappropriation of funds withdrew the plea made against the founder.

In August this year, Indiabulls Housing Finance had announced the appointment of former RBI deputy governor Subhash Sheoratan Mundra as its non-executive chairman.

Dinabandhu Mohapatra is a seasoned banker with a career spanning over three decades, during which he held various high level positions, including executive director of Canara Bank and CEO of the Hong Kong and Singapore centres of BoI. 

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  3. harperpaulJuly 23, 2024 at 10:55 PM

    Indiabulls Housing Finance Limited operates in a competitive environment, facing challenges such as regulatory changes, market volatility, and evolving customer expectations. Mohapatra's leadership is anticipated to bolster the company's risk management framework, strengthen investor confidence, and foster sustainable growth strategies. His experience in overseeing a large public sector bank equips him with insights into managing diverse stakeholder relationships and driving organizational excellence.
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  4. nancyFebruary 21, 2025 at 10:22 PM

    Dinabandhu Mohapatra, a seasoned banker with over thirty years of experience, was appointed as an independent director by Indiabulls Housing Finance in November 2020. With expertise in Treasury Operations, International Banking, and Human Resources, Mohapatra's tenure began on November 23, 2020. permanent protective order virginia A permanent protective order (PPO) in Virginia offers long-term protection for individuals facing threats, violence, or abuse. It requires a full court hearing, evidence presentation, and the petitioner meeting the preponderance of evidence standard. Experienced attorneys are crucial for successful outcomes.

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  5. isabellaMarch 5, 2025 at 12:36 AM

    Former Indian bank executives, such as Arundhati Bhattacharya and Dinabandhu Mohapatra, have transitioned to notable positions in other companies, showcasing the diverse career opportunities available to senior banking professionals in India.Are you looking for a lawyer's opinion on a legal matter, a comment on a legal document, or something else? Let me know how I can help virginia protective order

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