Sammaan Capital Limited announced the appointment of Mr. Arijit Nandy as the new Vice President – Head of Fraud Control Unit (FCU) and Senior Management Personnel. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. Mr. Nandy’s tenure is set to commence on March 16, 2026. His extensive background includes over 25 years of experience in fraud prevention and risk management across the banking sector.
Key Personnel Change at Sammaan Capital
Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) has confirmed a significant appointment to its senior management team. The Board of Directors has approved the appointment of Mr. Arijit Nandy to the crucial role of Vice President – Head of Fraud Control Unit (FCU).
This change is effective from March 16, 2026. The decision followed a positive recommendation from the Nomination and Remuneration Committee, ensuring alignment with corporate governance best practices.
Profile of the New Appointee
Mr. Arijit Nandy brings substantial expertise to the role, boasting over 25 years of experience in fraud prevention and risk management within the banking and financial services sector. He holds an MBA from the India International Institute of Management, University of Rajasthan (2000).
Prior Experience Highlights
Throughout his career, Mr. Nandy has held key positions at major financial institutions:
- AU Small Finance Bank: National Manager – Fraud & Payments Risk
- HSBC Bank: Lead – Customer Due Diligence
- IDBI Bank: Manager – Operations
- UTI Bank (now Axis Bank): Deputy Manager
His experience encompasses developing fraud risk management frameworks, digital payment security, anti-fraud policy development, early warning systems, and advanced fraud detection mechanisms.
Professional Certifications
Mr. Nandy has also invested in continuous professional development, completing several advanced programs, including:
- Management Development Program from IIM Udaipur (2022).
- Training on Risk Management Fundamentals from NSE (2022).
- Certifications related to FICO Case Manager and Risk Management from NIBM.
Regulatory Disclosures
The announcement, dated March 14, 2026, confirms that there are No Applicable disclosures regarding relationships between Mr. Nandy and the existing Directors of the Company, as he is not being appointed as a Director.
Source: BSE
