Key Points
MUMBAI: Leading non-banking finance companies (NBFCs), flush with funds from global and local private equity firms, are increasingly poaching CEO and CXO talent from large Indian banks amid a rise in loan demand, higher credit spending, and large-scale digitisation drive...
Demand for senior professionals in NBFCs has shot up in the last 12-18 months, company officials and search executives said.. And they are luring bankers who have worked with large banks such as ICICI Bank, Axis Bank, HDFC Bank, IndusInd Bank, and Kotak Mahindra Bank for a decade or more with bigger designations and roles, and hefty pay packages...
Earlier this week, Poonawala Fincorp announced the appointment of HDFC Banks mortgage head Arvind Kapil as its managing director and CEO...
Other recent top moves include: Sudipta Roy, MD and CEO of L&T Finance, who came from ICICI Bank; Amit Mukherjee, chief risk officer SME Secured at Bajaj Finserv, who moved from ICICI Bank; Abhiram Bhattacharjee, chief operating officer at IIFL Finance, who came from Kotak Mahindra Bank; Dilip Vaitheeswaran, chief sales officer at PNB Housing Finance, who moved from Axis Bank; Dhiren Panchal, head of product at ICICI Home Finance, who was earlier with Axis Bank; and Sudheer Reddy, group chief compliance officer at Jio Financial Services, who came from Bandhan Bank...
Geetha Menon, head corporate HR at finance and investment services company IIFL, said, With an economic upswing, higher credit spending, rise in loan demand and an overall optimism in the market, NBFCs are willing pay that extra needed to attract top talent, said Geetha Menon, head corporate HR, IIFL...
