Bajaj Finance Limited on Monday (July 21) announced that Anup Kumar Saha has resigned as managing director and director on the board of the company due to personal reasons. The board of directors accepted his resignation, effective from the close of business hours on the same day.
Following his resignation, Saha also ceased to be a key managerial personnel. In the interest of continuity of management, the board, based on the recommendation of the Nomination and Remuneration Committee, has re-designated Rajeev Jain as vice-chairman and managing director of the company.
Jain, who already holds the position of executive vice-chairman, will now assume the additional roles and responsibilities of managing director for the remainder of his current term, which ends on March 31, 2028. The board placed on record its appreciation for the services rendered by Saha during his tenure.
Also Read: Bajaj Finance posts 26% AUM growth in Q4, new loans up by 36%
Bajaj Finance reported a 25% year-on-year increase in assets under management (AUM) at approximately ₹4.41 lakh crore as of June 30, 2025. The company added ₹24,750 crore to its AUM during the quarter.
The customer franchise grew to 106.51 million from 88.11 million a year ago, with 4.69 million new customers added in Q1FY26. New loan bookings rose 23% YoY to 13.49 million in the quarter, compared to 10.97 million in Q1FY25. The deposit book increased by 15% to ₹72,100 crore as of June 30, up from ₹62,774 crore a year earlier.
Shares of Bajaj Finance Ltd ended at ₹948.95, up by ₹7.10, or 0.75%, on the BSE.
Also Read: Rajeev Jain of Bajaj Finance draws over ₹100 crore for second straight year
(Edited by : Shoma Bhattacharjee)
