Explanation:

• Former Deputy Governor of Reserve Bank of India Subhash Sheoratan Mundra appointed as the Non-Executive Chairman of IBHFL.
• He replaced Sameer Gehlaut, the co-founder and Chairman of Indiabulls Housing Finance Ltd ( IBHFL) ,who has stepped down as the Executive Chairman of the company, and taken up the role of Non-Executive, Non-Independent Director of IBHFL.