Ajai Kumar Shukla’s Appointment:
- Who: Ajai Kumar Shukla is the new MD & CEO of PNB Housing Finance.
- When: Effective December 18, 2025, for a 5-year tenure.
- Previous Role: Chief Business Officer at Tata Capital Housing Finance.
- Focus: Expected to drive growth, especially in the affordable housing segment.
Punjab National Bank (PNB) History:
- Role: Promoter of PNB Housing Finance.
- Founding: Founded on May 19, 1894, in Lahore.
- Significance: It was India’s first Swadeshi Bank, managed purely by Indians.
- Key Founder: The first account holder was Lala Lajpat Rai.
- Current Status: It is one of India’s largest Public Sector Banks (PSBs).