GIC Housing Finance Appoints Asit Kumar Nandi as Chief Compliance Officer
GIC Housing Finance Limited has announced the appointment of Shri Asit Kumar Nandi as its new Chief Compliance Officer. The company's Board of Directors approved the move based on a recommendation from the Nomination & Remuneration Committee. Mr. Nandi is set to join GIC Housing Finance and will serve in the role for a term of 36 months, effective from his date of joining.The appointment comes as part of strengthening senior management personnel within the financial services firm. The company noted that the role requires expertise in regulatory compliance and risk management within the industry.
Mr. Nandi brings extensive experience to the position, having served in the Banking and Financial Services sector for over 39 years. Prior to joining GIC Housing Finance, Mr. Nandi was serving as Director - Compliance at Alexis Finance Pvt. Ltd., a role he held since November 2024.
His professional background includes significant oversight of operations involving approximately 216 branches and a workforce exceeding 2,500 employees. Mr. Nandi's core expertise encompasses several critical areas essential to corporate governance and operational efficiency.
Details regarding Mr. Nandi's professional profile are summarized below:
| Area | Detail |
|---|---|
| Experience | Over 39 years in Banking and Financial Services, including tenure at State Bank of India. |
| Current Role | Director - Compliance at Alexis Finance Pvt. Ltd. (since November 2024). |
| Key Expertise Areas | Regulatory Compliance, Internal Audit, AML/KYC, Economic Research, Retail & SME Banking, NPA Management, and HR & Superannuation Fund Administration. |
| Senior Advisory Role | Known for advising senior management and boards on risk and policy matters and driving governance improvements. |
GICHSGFIN Stock Price Movement
Shares of GIC Housing Finance Limited slipped on Tuesday by 1.70% to settle at ₹148.72 after trading closed. The stock was actively traded during the session, with a volume reaching 171,240 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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