Bajaj Finance Limited has informed the Exchange regarding 'Re-appointment of Chief Risk Officer'.
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Bajaj Finance's Board, at its meeting on 29 April 2025, approved the re-appointment of Fakhari Sarjan as the Chief Risk Officer (CRO) of the company. The new term begins on 1 July 2025 and will run for three years, or until Fakhari Sarjan reaches the age of superannuation, whichever comes first. His current term as CRO is set to end on 30 June 2025. The re-appointment complies with the RBI's Master Direction for NBFC Scale Based Regulation, which requires NBFCs to formally appoint a CRO.
This is a routine, continuity-driven governance action and should have no material impact on the stock price. It signals stability in the company's risk management leadership, which is important for an NBFC.