Mumbai: CEO Bajaj Finance Ltd Anup Saha stopped quoting “personal reasons”, just three months after his appointment, so the long -time boss of Rajeev Jain again took over the reins with a non -banking financier.
Saha, which joined Bajaj in 2017, was one of the three names mentioned as applicants for the highest work in the private creditor of Indusind Bank. The bank has been looking for the CEO since its former manager stopped after the debacle around the accounting practices for its derivative portfolio.
Among the other names that allegedly submitted Indusind Bank to the Indian Reserve Bank (RBI), is the representative of Bank Bank Bank Rajiv and Rahul Shukla, who “takes personal leave” from his role in HDFC Bank.
Mint recently said that while the regulator usually looks for names six months in advance in the approval process, due to the circumstances it could speed up its check.
If it is appointed by Indusind Bank Head, it would not be the first role of SAHA at Komerční banka. Before joining Bajaj Finance, Saha spent 14 years at ICICI banks. He led various businesses including credit cards, mortgages, car loans and structured finances. Saha holds an engineering title by IIT KharaGpur and MBA by Iim Lucknow.
Saha did not answer the call and text message looking for a comment.
In March, with Bajaj Finance announces the promotion of Saha as the CEO, she said “ensuring that Bajaj’s finance remains at the forefront of this industry, constantly achieves shared success and benefits all stakeholders”.
In and Regulatory Filing on Monday, Bajaj Finance Said, “Consequent to the Resignation Anup Kumar Saha and In the Interest of the CONTINITION, The Board, Pursant to the Recommentation of Nomination and Remuneration Committee of the Company and the Applicable Provisions To Rajeev Jain’s existing Powers and Roles as Executive Vice-Chairman of the Company, Vested Him With The Powers, Role and the Duties of the Company Management and again described it as vice-chairman and CEO for the rest of their term of office until March 31, 2028. “
Jain, who joined Bajaj Finance as the CEO in 2007, became CEO in 2015. Before joining Bajai, he worked with GE, American Express and the American International Group. He is considered a power to be a transformation of Bajaj Finance from a small car business into a financial conglomerate. In March, the creditor announced that he would become vice -chairman of the Executive Director.
(Tagstotranslate) Bajaj Finance (T) Indusind Bank (T) Reserve Bank of India (T) HDFC Bank (T) Bank (T) Bank (T) IIT KharaGpur (T) Iim Lucknow (T) (T) Strustres Finance (T) Auto Finance Business (T) Small Auto Finance Business for Financial Conglomerate
