Global brokerage Citi has maintained its ‘Buy’ rating on Bajaj Finance and raised its target price to ₹10,200, post the announcement of senior leadership transitions. The brokerage believes that the company’s ability to manage a seamless succession plan removes investor concerns and signals long-term stability.
Bajaj Finance’s Board has approved the elevation of Rajeev Jain to Vice Chairman for a three-year term beginning April 1, 2025. In parallel, Anup Saha, currently Deputy MD, has been promoted to Managing Director for a similar period. Citi applauded the move, highlighting that it balances continuity and fresh leadership.
The brokerage added that Rajeev Jain’s continued presence in a strategic role will aid in sustaining investor confidence, while Anup Saha is expected to bring renewed operational focus. Citi believes this strategic clarity reinforces Bajaj Finance’s ability to execute flawlessly, and the company remains among its top picks in the financial space.
