“The board meeting is scheduled later this week, and the board will take a call,” Bajaj added.
Jain had earlier said that he intends to remain at the company and “hopefully” be actively involved in shaping the strategies of the company and its subsidiaries.
“This is how I would look at the future role, subject to how the board decides,” he said.
Jain made these comments at Bajaj Finance‘s post-earnings call on January 30.
Rajeev Jain had joined Bajaj Finance as CEO in 2007 and became its Managing Director in 2015. Jain was reappointed as Managing Director again in March 2020 for a period of five years.
Jain also said during the earnings call that the lender is 12 months into the 15-month transition plan laid out earlier and that the nomination and remuneration committee will review the plan by March.
For financial year 2026, Bajaj Finance is expecting its net profit to grow between 20% and 23%, while its Assets Under Management are likely to grow by 25%.
It expects its credit costs to be at 2% for the year, provided the March quarter credit cost remains between 200-205 basis points.
The company also said that it is well on course to add 17 million customers by the end of the current financial year and cross 100 million in customer franchise.
Global brokerage firm Morgan Stanley has maintained an ‘Overweight’ rating on Bajaj Finance, with a price target of ₹9,300 per share.
The brokerage said that Rajeev Jain’s new role should be announced before March 31. It sees a higher possibility of him having a role at Bajaj Finance which would be seen positively.
Shares of Bajaj Finance are trading 0.23% higher on Tuesday at ₹8,600. The stock has risen 24% so far this year.
First Published: Mar 18, 2025 12:10 PM IST
