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In an interview held on April 7, 2015, Public Enterprises Selection Board (PESB) has selected RK Arora (ED, REC) for the post of Director (Finance), Housing and Urban Development Corporation Limited. Once the selection is approved by the ACC, Arora will be succeeding Anil Kumar, who is the incumbent Director for Finance. The final decision is supposed to be taken on September 30, 2015. Arora was selected among 12 candidates.

HUDCO is a techno-financing public sector enterprise in the field of housing and infrastructure development. The institution was incorporated on April 25, 1970.

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