Anup Saha quits as Bajaj Finance MD after just 4 months

Mumbai: Anup Kumar Saha, who has made the CEO shortlist for the currently committee-run IndusInd Bank, resigned as managing director of Bajaj Finance, the country's biggest consumer finance company by market value, on Monday, citing personal reasons.

Saha's resignation was accepted by the board during a meeting held on Monday, Bajaj Finance told stock exchanges. After Saha's departure, Rajeev Jain was re-designated as vice-chairman & MD, effective immediately, with his term extended until March 31, 2028.

Saha had replaced Rajeev Jain as MD just four months ago. He had joined Bajaj Finance in 2017 and was appointed as MD for three years. Saha is among the 3 CEO candidates shortlisted by IndusInd board to replace Sumant Kathpalia. The other two are Rajiv Anand, deputy managing director, Axis Bank, and Rahul Shukla, group head, commercial and rural banking, HDFC Bank. -Our Bureau