Rahul Bajaj will no longer be President of Bajaj Finance | Sanjeev Bajaj will be the new president from August

Rahul Bajaj, chairman of Bajaj Finance has decided to step down from his post. He will continue in this position until this month. The company has given this information on the stock exchange. His son Sanjeev Bajaj will be made the chairman from August 1^st. On Tuesday, the company released its financial results. After that, information given on the stock exchange said that Rahul Bajaj will no longer be the chairman from August 1st. Rahul Bajaj is the Chairman of the company since 1987. He has been associated with the group for nearly five decades. The company has said that though they will continue to hold the post of non-executive chairman of the company.

 

 

Rahul Bajaj will be replaced by his son Sanjeev Bajaj. He is currently the Vice-Chairman of the company. He is also on the board of Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company since 2013. He is also the Managing Director (MD) of Bajaj Holding. There was a net profit of Rs 962 crore in the first quarter of the current financial year. The profit was Rs 1,195 crore in the same quarter a year ago. In comparison, this time the profit is 9.40 per cent less. The NBFC sector company said that its Moratorium Books has come down to Rs 21,705 crore. It was Rs 38,599 crore in April. That is, it has come down from 15 per cent to 27 per cent of the total AUM in April.