New Delhi: PNB Housing Finance Limited has announced an important change in its senior management, marking a transition in the leadership of its Internal Audit and Vigilance vertical. The company confirmed that Ajay Kumar Mohanty, who served as Head of Internal Audit and Chief of Internal Vigilance, retired from service on 29 November 2025 after completing an extensive tenure marked by contributions to strengthening the organisation’s risk and governance framework.
Retirement of Ajay Kumar Mohanty
During his tenure, Mohanty played a crucial role in enhancing audit oversight, improving vigilance mechanisms, and reinforcing the company’s internal governance architecture. His retirement marks the conclusion of a distinguished chapter of service within PNB Housing Finance, where his leadership helped shape more resilient control systems.
Vipin Malhotra to Lead Internal Audit from 30 November 2025
Following Mohanty’s superannuation, the company has appointed Vipin Malhotra, an accomplished audit and finance professional, as the new head of the Internal Audit function, effective 30 November 2025. The appointment reflects the company’s commitment to strengthening risk management, compliance controls, and operational transparency.
A Seasoned Professional with Global Certifications
Malhotra brings more than 23 years of extensive industry experience, backed by robust academic and professional qualifications. A Chartered Accountant, he also holds multiple prestigious global certifications, including:
- Certified Internal Auditor (CIA)
- Certified Information Systems Auditor (CISA)
- Certified Fraud Examiner (CFE)
His career spans leadership roles in audit, risk, and compliance across prominent institutions such as Yes Bank, ICICI Bank, LIC Housing Finance, and Ashok Leyland Finance. His diverse exposure across banking and financial services is expected to significantly strengthen PNB Housing Finance’s internal audit operations.
Strengthening Governance and Controls
The company stated that this strategic leadership transition is aimed at further reinforcing its internal controls, elevating governance standards, and ensuring alignment with best-in-class audit practices. With Malhotra stepping into the role, PNB Housing Finance expects to maintain strong oversight across key operational and financial processes.
About PNB Housing Finance
PNB Housing Finance Limited is a leading housing finance company registered with the National Housing Bank (NHB). Promoted by Punjab National Bank, the company offers a wide range of housing and non-housing loan products to individuals and corporate clients. With a strong presence across India and a focus on transparent, customer-centric operations, PNB Housing Finance continues to play a significant role in the country’s housing finance ecosystem.
