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Naveen Uppal appointed as Chief Risk Officer of Indiabulls Housing Finance

Date: 19 June 2019 Tags: Banking People in News
  • Naveen Uppal was appointed as the Chief Risk Officer (CRO) of Indiabulls Housing Finance Ltd for a period of three years with effect from June 17, 2019.
  • His appointment is in compliance with norms of National Housing Bank (NHB), the housing finance sector regulator. He will directly report to the managing director and CEO of the company.
  • RBI's norm: It has mandatory for all non-banking financial companies (NBFCs) with assets of more than Rs.5,000 crore to appoint CRO. This decision was taken in wake of ongoing rating downgrades of non-banks which has raised fears of another liquidity crisis.