Dinabandhu Mohapatra to be appointed independent director of Indiabulls Housing Finance
New Delhi: Dinabandhu Mohapatra will be appointed as independent director on the board of Indiabulls Housing Finance. The company’s Board has approved his appointment for three years beginning 23 November 2020.
Mohapatra is a former banker with lot of experience. He was the MD & CEO of Bank of India. "Dinabandhu Mohapatra has distinguished career spanning over three decades, during which he held various high level positions, including Executive Director of Canara Bank and Chief Executive Officer of Hong Kong and Singapore Centres of Bank of India,” Indiabulls Housing Finance said in a regulatory filing.
It further said that Mohapatra does not hold shares in the company. He is not related to any director of the company. The company had clocked 54 percent drop in its consolidated net profit at Rs 323 crore for the second quarter ended 30 September.