Can Fin Homes Appoints Hardeep Singh Ahluwalia as Non-Executive Director

2 min read     Updated on 06 Aug 2025, 08:12 PM
scanxBy ScanX News Team
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Overview

Can Fin Homes Limited has appointed Shri Hardeep Singh Ahluwalia as an Additional Director in the Non-Executive, Non-Independent category, representing Canara Bank. The appointment, effective August 6, 2025, is for a term not exceeding five years, subject to RBI approval. Ahluwalia brings over three decades of banking experience, including his current role as Executive Director of Canara Bank. His extensive background spans various banking functions and geographical areas, with expertise in agriculture, credit management, and international banking.

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*this image is generated using AI for illustrative purposes only.

Can Fin Homes Limited , a prominent player in the housing finance sector, has announced the appointment of Shri Hardeep Singh Ahluwalia as an Additional Director in the category of Non-Executive, Non-Independent Director. This strategic move, representing the company's promoter Canara Bank, comes with the approval of the Reserve Bank of India (RBI) and promises to bring valuable banking expertise to the company's board.

Appointment Details

The appointment of Shri Ahluwalia became effective on August 6, 2025, following the RBI's approval for a term not exceeding five years. His tenure on the Can Fin Homes board is set to continue until he holds the position of Executive Director in Canara Bank or for the five-year term approved by the RBI, whichever comes first.

Extensive Banking Experience

Shri Hardeep Singh Ahluwalia brings a wealth of experience to his new role at Can Fin Homes. With over three decades in the banking sector, he has developed expertise across various functional areas and geographies. His career highlights include:

  • Began his banking journey as an Agricultural Field Officer at Allahabad Bank (now Indian Bank) on March 30, 1992
  • Holds a degree in Agriculture and is a Certified Associate of the Indian Institute of Bankers
  • Possesses certifications in Credit Management from NIBM Pune and a Diploma in Computer Applications in Financial Management
  • Served in diverse roles across rural, semi-urban, urban, and metro areas in India, as well as internationally in Hong Kong
  • Held key positions such as Lead District Manager, Head of International Branch, Zonal Head in Chandigarh, and Field General Manager/Chief General Manager in Kolkata

Educational Background and Skill Set

Ahluwalia's educational background and continuous learning approach have shaped his professional journey:

  • Graduate in Agriculture
  • Completed a Leadership Development Programme at IIM Bangalore, curated by the Banks Board Bureau in consultation with the Indian Banks' Association
  • Known for his ability to build productive teams and deliver exceptional results

Current Role and Previous Position

Prior to joining the board of Can Fin Homes, Shri Ahluwalia:

  • Took charge as Executive Director of Canara Bank on February 7, 2023
  • Previously served as General Manager of the Recovery Department at the Corporate office of Indian Bank

Corporate Governance and Shareholder Approval

In line with corporate governance practices, Can Fin Homes has stated that it will seek shareholder approval for Shri Ahluwalia's appointment. The company assures that necessary intimations regarding this process will be communicated in due course.

Relationship with Other Board Members

While Shri Ahluwalia is not directly related to any Directors or Key Managerial Personnel of Can Fin Homes, he shares a professional connection with Shri K Satyanarayana Raju (Managing Director & CEO of Canara Bank and Chairman of Can Fin Homes) and Shri Vikram Saha (Deputy General Manager of Canara Bank and Deputy Managing Director of Can Fin Homes) as representatives of the promoter, Canara Bank.

This appointment underscores Can Fin Homes' commitment to strengthening its board with experienced professionals from the banking sector, potentially enhancing its strategic decision-making capabilities in the competitive housing finance market.

Historical Stock Returns for Can Fin Homes

1 Day5 Days1 Month6 Months1 Year5 Years
+0.23%+0.45%-8.75%+14.53%-5.40%+90.92%
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Can Fin Homes Hosts Investor Meetings to Discuss Q1 FY25-26 Performance

1 min read     Updated on 29 Jul 2025, 08:08 PM
scanxBy ScanX News Team
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Overview

Can Fin Homes Limited conducted investor and analyst meetings on July 29, 2025, to discuss Q1 FY25-26 financial results and business outlook. The meetings, attended by representatives from Helios Mutual Fund and Trust Mutual Fund, were led by the company's top executives. Discussions covered financial results, growth prospects, asset quality, and future business outlook. The company also announced its 38th Annual General Meeting scheduled for August 20, 2025.

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*this image is generated using AI for illustrative purposes only.

Can Fin Homes Limited , a prominent player in the housing finance sector, recently conducted investor and analyst meetings to discuss its Q1 FY25-26 financial results and business outlook. The meetings, held via video conference on July 29, 2025, provided insights into the company's performance and future strategies.

Key Participants

The sessions were attended by representatives from Helios Mutual Fund and Trust Mutual Fund, with Can Fin Homes' top executives leading the discussions:

  • Suresh Iyer, Managing Director & CEO
  • Vikram Saha, Deputy Managing Director
  • Abhishek Mishra, Chief Financial Officer

Meeting Details

The company held two separate one-on-one meetings:

  1. Helios Mutual Fund: 11:30 AM to 12:00 PM
  2. Trust Mutual Fund: 2:30 PM to 3:10 PM

Discussion Topics

The meetings covered a wide range of topics, providing a comprehensive overview of Can Fin Homes' current position and future outlook. Key areas of discussion included:

  1. Q1 FY25-26 financial results
  2. Net Interest Margin (NIM)
  3. Growth prospects and run-off ratios
  4. Future business outlook for the industry and the company
  5. Cost management and spread
  6. Loan book analysis
  7. Profitability metrics
  8. Asset quality
  9. Geographical presence
  10. Borrowing strategies
  11. Provisioning practices

These discussions were based on the detailed financial results for Q1 FY25-26 and the Investor Presentation, which have been submitted to the stock exchanges.

Transparency and Compliance

In line with regulatory requirements, Can Fin Homes has disclosed this information to the National Stock Exchange of India Limited and BSE Limited, as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also made this information available on its official website, www.canfinhomes.com , ensuring transparency and easy access for all stakeholders.

Upcoming Annual General Meeting

In related news, Can Fin Homes has announced its 38th Annual General Meeting (AGM) scheduled for August 20, 2025, at 11:00 AM IST. The meeting will be conducted through Video Conference facility or Other Audio Visual Means. Shareholders can access the AGM Notice and Annual Report for FY 2024-25 through the company's website and stock exchange portals.

Can Fin Homes continues to demonstrate its commitment to transparent communication with investors and analysts, providing detailed insights into its financial performance and strategic direction. As the company navigates the dynamic housing finance landscape, these investor meetings serve as a crucial platform for stakeholder engagement and information dissemination.

Historical Stock Returns for Can Fin Homes

1 Day5 Days1 Month6 Months1 Year5 Years
+0.23%+0.45%-8.75%+14.53%-5.40%+90.92%
Can Fin Homes
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