Bajaj Finance is preparing for a leadership transition. Rajeev Jain’s successor will be an internal candidate. The company aims to finalize succession plans within six months. Jain’s term extends until March 2028. Bajaj Finance targets significant growth. They project a profit of ₹43,000 crore by FY29. The firm also plans to expand its customer base substantially.
Central Bank’s OFS draws 1.28x subscription
The government’s offer to sell its stake in Central Bank of India saw strong investor interest. The two-day issue closed on Monday with an overall