Overview

• Anup Kumar Saha resigned as managing director citing personal reasons just three months after his April appointment.
• Bajaj Finance’s board reappointed veteran executive Rajeev Jain as vice chairman and MD to the end of his term on March 31, 2028.
• Jefferies and Morgan Stanley kept bullish ratings on the stock with target prices near ₹1,044–₹1,050, pointing to Jain’s oversight and a deep senior team.
• Analysts say the near-term handover is manageable but stress that medium-term grooming of a new MD remains a key priority.
• Media reports name Saha among three candidates proposed for IndusInd Bank’s CEO role ahead of its RBI submission deadline.