Devang Mody has been appointed as the CEO of the commercial lending business at Reliance Capital Limited. In the past he served as president of consumer business at Bajaj Finance. At Bajaj Finance, he was responsible for the consumer business vertical that included consumer durables and lifestyle finance, cross selling, credit cards and salaried personal loans.
He is a Chartered Accountant from ICAI with a Bachelor’s Degree in Commerce from Sydenham College, Mumbai. Reliance Capital Limited touched its intraday high of Rs 562.20 per share, up by nearly 5%.
At the time of filing this report the stock was trading at Rs 560 per share, up by Rs 25 per share or 4.6%. Reliance Capital is an Indian diversified financial services holding company, promoted by the Reliance Group.