New Delhi, July 25 -- Analysts and investors were caught off guard when Anup Saha stepped down as managing director of Bajaj Finance earlier this week. Saha was appointed only in April. His quick exit has been officially chalked up to "personal reasons", but word on the street is that Saha is in the running to be the next CEO of IndusInd Bank.

If this is confirmed, investors will be relieved. Even otherwise, the return of long-standing former managing director Rajeev Jain until March 2028 takes the edge off the bad news. Of course, he may have to pull back from his role as an advisor at Bajaj Finserv, but considering Bajaj Finance is the group's primary business, this would be unlikely to hamper investor sentiment.

Moreover, the Q1FY26 ...