NBFC, Capital India Finance has appointed Dr Harsh Kumar Bhanwala, former NABARD chairman as Executive Chairman of the Board effective from August 6, 2020.
Dr Bhanwala has been the Chairman of National Bank for Agriculture and Rural Development (NABARD) and the Executive Director of India Infrastructure Finance Company Ltd. (IIFCL) and also functioned as its CMD from 2012-2013.
On his appointment, SK Narvar, Promoter, Capital India Finance said, “I am confident that Dr. Bhanwala’s immense experience of more than two decades will add greater value to the Capital India Group and take it to the next growth phase. I wish him a successful journey ahead and look forward to his valuable insights and expertise to fuel Company’s growth plans”
On his appointment as Executive Chairman, Dr. Bhanwala said, “It’s a great opportunity to work with the incredible pool of talent present in the company. With my 25 years of experience in the financial sector, I am confident to add value to the company’s operation enabling further growth of Capital India.
He adds, “In these challenging times when the whole world is fighting Covid-19 pandemic, it is important for companies in the financial sector to stay relevant and keep introducing innovative strategies to create a large customer base and achieve company’s growth. “
Dr Bhanwala holds a PGDM degree from IIM Ahmedabad and also a PHD holder. Formerly he was the MD of Delhi State Cooperative Bank from 1999-2005 and as chairman and at NABARD he has led initiatives related to financial inclusion, microfinance, etc.
