Pune: Poonawalla Fincorp, a non-banking financial firm headquartered in Pune, announced on Monday the selection of Arvind Kapil, a senior executive from HDFC Bank, as its new CEO. 

Kapil presently oversees the mortgage banking division at HDFC Bank, encompassing services like home loans, loans against property (LAP), and sales operations inherited from the merger with Housing Development Finance Corp (HDFC) last year.

“As we continue to develop new business verticals and the next level of growth, it is pleased to share that Arvind Kapil will be joining them as MD and CEO. Kapil manages a book of over ₹7 lakh crore at HDFC Bank,” the company said in a press release.