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Bhowal has an experience of over 27 years in business management, sales & distribution, retail lending, mortgage lending, real estate lending and retail banking. Prior to joining MOHFL, he was associated with DCB Bank, where he headed the mortgages, micro-mortgages, construction finance and gold loans segments and was responsible for starting and scaling up these businesses.
Motilal Oswal, MD & CEO of Motilal Oswal Financial Services, stated, "The new team and Sukesh, with their extensive knowledge and proven experience, make an invaluable addition to the company as we pursue our ambitious goals of further expanding and enhancing our home finance operations."
Sukesh Bhowal added, “India's thriving housing finance sector presents a significant untapped market for low-cost homes, fuelled by the increasing demand for housing in tandem with the growing population."
MOHFL is India's leading new-age housing finance company, registered with Reserve Bank of India (RBI). It operates across 12 states in Western, North-Central, and Southern India.
MOFSL is a financial services company. Its offerings include capital markets businesses (retail broking, institutional broking & investment banking), asset & wealth management (asset management, private equity & wealth management), housing finance & equity based treasury investments.
The financial services company reported 53% drop in consolidated net profit to Rs 114 crore on 1% decline in total revenues to Rs 1,135 crore in Q4 FY23 over Q4 FY22.
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