Poonawalla Fincorp (PFL) has announced hiring of HDFC veteran, Mr. Arvind Kapil as MD & CEO of the Company.
- Arvind is currently the Country Head Mortgages at HDFC Bank and has been with the group for 25+ years.
- He played a key role in HDFC’s mega merger and now handles a mortgage book of over 7 lakh crores. Mortgages contribute 35% of HDFC’s total balance sheet.
- At PFL, he will be taking over from Abhay Bhutada, who has been elevated to the Group level and will be taking up strategic role at the Cyrus Poonawalla Group for managing its strategy, investment & finance. Abhay will continue to be a Non-Executive Director on the Board of Poonawalla Fincorp Ltd.
Arvind’s hiring will add a significant heft to PFL’s positioning and will make many more look favourably towards it’s future business prospects.