HDFC Bank’s home loan business head to lead Poonawalla Fincorp

HDFC Bank’s Arvind Kapil, with 25 years at the bank, is set to become MD & CEO of Poonawalla Fincorp. Last year, he took over HDFC's housing finance business post-merger. Poonawalla Fincorp, in a statement to stock exchanges, said that Kapil will join the company on June 24, subject to approvals. Shares of Poonawalla Fincorp rose 1.5% after the announcement.