Non-banking finance company (NBFC) Altico Capital today announced the appointment of ex-HSBC India chief Naina Lal Kidwai as an independent non-executive director on its Board.
"Naina Lal Kidwai's presence on the Board and her vast experience in financial markets landscape will significantly assist us in the growth of our business, further strengthen governance, enhance our brand and reputation, and optimise the value creation for all our stakeholders," Altico Capital Chief Executive Sanjay Grewal said in a statement.
"Altico Capital is one of the largest foreign-owned and controlled NBFCs by net worth, and at Rs 2,000 crore is well capitalised to capture loan growth opportunities being presented due to the capital constraints in the banking system," he said.
Kidwai retired as Executive Director on the Board of HSBC Asia-Pacific and Chairperson of HSBC India, after a 13-year stint.
