PNB Housing Readies for Next CEO, Jatul Anand Takes the Reins

Image Source: Outlook Business

PNB Housing Finance is undergoing a leadership transition as CEO Girish Kousgi steps down, with regulatory approvals underway for a new MD & CEO. Executive Director Jatul Anand will lead the company interimly, guiding ongoing growth and operational focus during this shift.

PNB Housing Finance has entered a key leadership transition phase following the departure of Managing Director and CEO Girish Kousgi, whose tenure concluded on October 28, 2025. Kousgi had resigned in July citing personal reasons and aspirations for new opportunities. The company is actively pursuing regulatory approvals for appointing a new full-time MD & CEO to lead the organization forward.

In the interim period, Executive Director Jatul Anand has stepped up to lead the management team, ensuring continuity in leadership and operational execution. Anand will operate under the guidance of the Board chaired by D. Surendran, Nominee Director from Punjab National Bank, the parent company of PNB Housing Finance.

Key highlights of this transition and company status include:

Girish Kousgi formally vacated office on October 28, after serving as MD & CEO since October 2022
Executive Director Jatul Anand, with over two decades of industry experience and a strong background in credit and collections, will lead as interim CEO
The regulatory process for appointing a new permanent MD & CEO is ongoing, with disclosures to be made upon completion
Despite the leadership change, PNB Housing reported robust Q2 FY26 financial performance with a 24% year-on-year profit rise to ₹582 crore
Gross non-performing assets improved to 1.04% from 1.24%, reflecting improved asset quality during competitive market conditions
Jatul Anand highlighted the company’s growth momentum in retail disbursements and diversification into corporate and project finance
Market responded positively, with shares closing up over 1% on the announcement day

This leadership transition marks a pivotal moment for PNB Housing Finance as it balances sustaining growth, operational efficiency, and asset quality. Stakeholders remain attentive to the upcoming appointment of the new MD & CEO who will shape the company's future strategic direction.

Source: Reuters, CNBC-TV18, Business Standard

Stay Ahead – Explore Now! Great Eastern Shipping Delivers Strong Q4, Reappoints Bharat K. Sheth as Deputy Chairman & MD, Announces ₹5.40 Dividend