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| Mr. A.K. Purwar appointed as Chairman of India Infoline Investment Services |
| Announcement / Corporate Nov 10, 2009, 20:14 IST |
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Mr. A. K. Purwar, former Chairman of the State Bank of India has been appointed as the Chairman of India Infoline Investment Services Ltd, the NBFC arm and a material subsidiary of India Infoline Limited. Speaking at the occasion, Mr Nirmal Jain, Chairman, India Infoline Ltd said, ‘Mr Purwar has successfully led the State Bank of India, country’s largest financial institution. We look forward to benefitting from his rich and in-depth experience of Indian economy and finance in scaling up the lending business of the Group.’
Mr. A. K. Purwar is an eminent personality in the banking and finance industry and has held several senior positions in retail, corporate and international banking in his career of over 30 years, culminating as the Chairman of State Bank of India. He also played a key role in co-coordinating the work for the Bank's entry into the field of insurance. Mr. Purwar, with his innovative thinking and passion transformed SBI into a world class Bank and has received numerous awards like ‘CEO of the year’ Award from the Institute for Technology & Management (2004), ‘Outstanding Achiever of the year’ Award from Indian Banks’ Association (2004) and “Finance Man of the Year” Award by the Bombay Management Association (2006). He is also an independent director on the board of India Infoline Ltd.
About India Infoline Ltd (Bloomberg: IIFL)
The India Infoline group, comprising the holding company, India Infoline Ltd (NSE: INDIAINFO, BSE: 532636) and its subsidiaries, is one of the leading players in the Indian financial services space. India Infoline offers advice and execution platform for the entire gamut of financial services covering products ranging from Equities and derivatives, Commodities, Wealth management, Asset management, Insurance, Fixed deposits, Loans, Investment Banking, GoI bonds and other small savings instruments. It owns and manages the website, www.indiainfoline.com, which is one of India’s leading online destinations for personal finance, stock markets, economy and business.
India Infoline has been awarded the ‘Best Broker, India’ by FinanceAsia and the ‘Most improved brokerage, India’ in the AsiaMoney polls. India Infoline was also adjudged as ‘‘Fastest Growing Equity Broking House - Large firms’ by Dun & Bradstreet. A forerunner in the field of equity research, India Infoline’s research is acknowledged by none other than Forbes as ‘Best of the Web’ and ‘…a must read for investors in Asia’. India Infoline’s research is available not just over the Internet but also on international wire services like Bloomberg, Thomson First Call and Internet Securities where it is amongst one of the most read Indian brokers.
A network of over 1,500 business locations spread over 450 cities and towns across India facilitates the smooth acquisition and servicing of a large customer base. All our offices are connected with the corporate office in Mumbai with cutting edge networking technology. The group caters to a customer base of about a million customers, over a variety of mediums viz. online, over the phone and at our branches.
India Infoline refers to India Infoline Ltd and its group companies.
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