New MD for National Housing Bank

Sarada Kumar Hota, general manager at Canara Bank, will be the new MD of the National Housing Bank. His appointment has been announced by the finance ministry. He succeeds Sriram Kalyanaraman, who had resigned from the apex housing finance institution. Hota will have a 3-year term. He was earlier, MD and CEO of CanFin Homes, a housing finance subsidiary of Canara Bank.