LIC Housing Finance Limited has announced the appointment of Sanjay Dayal as Chief Operating Officer, with effect from April 10, 2026. The move positions the housing lender to fortify its operational backbone as it navigates a dynamic market, customer needs, and a growing lending book.
Dayal arrives with a rich, multi-decade track record across banking, life insurance, and housing finance. Born on July 15, 1969, and educated with an MBA in Finance and a Ph.D. in Psychology, he brings a blend of analytical rigor and strategic leadership. His career spans stints at Punjab National Bank and Life Insurance Corporation of India, followed by a long tenure with UC Housing Finance Limited, where he held senior roles across operations, investments, credit, and administration. The breadth of his experience includes leadership roles as General Manager (Credit Appraisal) at UC Housing Finance Limited and Deputy General Manager at UC Pension Fund, as well as a period on deputation to the National Insurance Academy.
Dayal’s hands-on governance extends to heading the Goa Division as Senior Divisional Manager and leading multiple branch offices in Surat, Dehradun, and Mumbai. Internationally, he served as General Manager-in-Charge of Fiji Operations for three years, during which the operations earned the Business Excellence Award (2017) from the President of Fiji. In LIC’s investment function, he has spent over 11 years across roles such as Chief Equity Dealer, Fund Manager, and Head of Project and Debt Sections, bringing a robust mix of operations, risk awareness, and investment discipline to the COO role at LIC Housing Finance Limited.
The appointment underscores the company’s emphasis on disciplined execution, operational excellence, and a holistic view of credit, investments, and administration. As Dayal steps into the COO chair, LIC Housing Finance Limited taps a leader whose career spans public banks, LIC’s financial ecosystem, and cross-border exposure, signaling a renewed focus on aligning core operations with strategic growth ambitions.