Management Changes at Bajaj Finance

The Board of Directors of Bajaj Finance Limited has approved the reappointment of Anami N Roy as a Non- executive independent Director for a second term of five years. It will be in effect from 1 April 2024, subject to the approval of shareholders. Rakesh Bhatt has tendered his resignation from the post of Director and Executive Director with effect from January 31, 2024, to pursue a new career outside the Company. Anup Saha, Executive Director has been redesignated as Deputy Managing Director with effect from 1 April 2024, subject to the approval of shareholders. SMPs Deepak Bagati, Sandeep Jain and Anurag Chottani have been elevated as Chief Operating Officers with effect from April 1, 2024. According to the RBI guidelines, the company needs to appoint a senior executive as Chief Information Security Officer (CISO), consequently, Prashant Verma, Senior Head-IT, has been appointed as CISO for three years with effect from February 1, 2024, as part of the company’s senior management team.