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Poornima Mohandas

Mumbai , March 10

BOND and equity broking house, IDBI Caps, is slated to have Mr Sushil Muhnot, a General Manager from parent IDBI as its next Managing Director and CEO. The post had been lying vacant for over two months now with the former chief, Mr Nageshwar Rao, having vacated the seat to head IDBI Bank, another sister concern.

The appointment of Mr Muhnot is yet to be approved by the board of IDBI Caps, which should meet before the month-end, said sources.

"For the last two months, IDBI Caps was being run by a committee of directors.

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