Anup Kumar Saha resigned as managing director of Bajaj Finance, a few months after his appointment, citing personal reasons. This comes as Saha is among the CEO candidates shortlisted for IndusInd Bank. Consequently, Rajeev Jain has been re-designated as vice-chairman & MD of Bajaj Finance, with his term extended until March 2028.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs