Poonawalla Fincorp Has Appointed Arvind Kapil As Its New Chief Executive Officer

1. Poonawalla Fincorp Has Appointed Arvind Kapil As Its New Chief Executive Officer DESCRIPTION Poonawalla Fincorp, a renowned non-banking financial firm (NBFC), has named Arvind Kapil as its new Managing Director and CEO. He will succeed Abhay Bhutada, the current MD and CEO, who is taking early retirement. Kapil Has Over 26 Years Of Experience Arvind Kapil has more than 26 years of banking experience to his new post. He is currently the Country Head of Mortgages at HDFC Bank, where he has worked since 1998 and held numerous leadership positions. Kapil has completed advanced management studies at Harvard Business School and IIM Bangalore, as well as postgraduate degrees in management and engineering. Five-Year Term Beginning June 2024 Kapil's appointment as an Additional Director in the function of MD & CEO is effective for five years beginning June 24, 2024. This decision is based on the Nomination and Remuneration Committee's recommendation and is subject to shareholder approval. Driving Transformation And Growth Welcoming Kapil, Adar Poonawalla, Chairman of Poonawalla Fincorp, stated that he will lead the company's transformation and propel it to the "next level of growth."

2. Poonawalla commended Kapil's reputation for pioneering digital lending technologies, as well as his key involvement in HDFC Bank's 25-year growth trajectory. Bhutada's Transition To Group Roles The business also announced Abhay Bhutada's early resignation as MD and CEO, effective June 23, 2024. However, Bhutada will remain a Non-Executive Director on the Poonawalla Fincorp board. Bhutada is credited with successfully restructuring the company since its takeover in 2021. He will now take on a more strategic and influential role at the Cyrus Poonawalla Group, overseeing strategy, investments, and finance. With Kapil's significant experience and Bhutada's continuous involvement, Poonawalla Fincorp intends to improve its position in the NBFC sector while promoting innovation and growth. Welcome to Notopedia.com, your free learning platform that caters to the diverse needs of students and aspirants across a spectrum of entrance exams and educational endeavors. Whether you're preparing for highly anticipated exams like CAT 2023, NEET 2023, JEE Main, or bank job vacancies, our platform offers a wealth of resources to guide you towards success. Stay up-to-date with the latest exam dates, announcements, and results for various government recruitment exams, including SSC CGL, CHSL, NDA, and UPSC. Explore comprehensive study materials, sample papers, and exam patterns to hone your skills and boost your confidence. From important dates like CBSE Class 10 and 12 date sheets to exam-specific information like JEE Main 2023 application form date, we cover it all. Notopedia.com is your go-to source for everything from admissions and admit cards to scholarships and college information. Whether you're aiming for a career in defense, government, banking, or higher education, our free learning platform equips you with the knowledge and resources you need to excel. Join us in your

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