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Mumbai, April 9 Investment Banking and Financial Services provider IDBI Capital Market Services has appointed Mr Nagendra Bhatnagar as the new Managing Director and CEO of the company.

Mr Bhatnagar replaces Mr Sushil Muhnot, who returns to IDBI Bank to head its Personal Banking division, a release issued by the company stated.

Prior to taking up this assignment, Mr Bhatnagar worked with State Bank of India.

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