Poonawalla Fincorp appoints Arvind Kapil, HDFC Bank group head, as MD/CEO for five years, starting June 24.
Poonawalla Fincorp appoints Arvind Kapil, HDFC Bank group head, as its new MD/CEO for five years, starting June 24. Kapil, with 25+ years of experience, oversees mortgage banking business with a book size of 7.5 lakh crore. He succeeds Abhay Bhutada, who retires but remains a non-executive director, taking on a strategic role in group-level strategy and finance. Poonawalla Fincorp shares increased by 4% following the announcement.
March 18, 2024
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