Who is Arup Saha, one of the three candidates shortlisted for IndusInd Bank’s CEO and MD role? He is considered special because…

In a significant development, India’s IndusInd Bank has submitted three names—Rajiv Anand (Axis Bank), Rahul Shukla (HDFC Bank), and Anup Saha (Bajaj Finance). One of the names that is gathering the most attention is the name of Arup Saha, Managing Director of Bajaj Finance Ltd.

As per media reports, Anup Saha is the current Managing Director of Bajaj Finance Ltd, one of India’s largest non-bank financial companies. Talking about his career in the industry, Anup joined Bajaj Finance in 2017 after a 14-year tenure at ICICI Bank, where he rose to the rank of Senior General Manager and served on the board of ICICI Bank HFC and CIBIL.

Who is Anup Saha?

With over 25 years of experience in financial services spanning both banking and non-bank financial entities, he has led diverse businesses—including credit cards, mortgages, auto loans, and structured finance—as well as initiatives in business intelligence and enterprise data warehousing.
Academically, Saha is an IIT Kharagpur engineering graduate and holds an MBA from IIM Lucknow.

Which are the shortlisted names for IndusInd Bank MD

IndusInd Bank’s board is likely to unveil its shortlist for the next chief executive officer (CEO) on Monday, a key development as the lender looks to bounce back from months of disruption triggered by a derivatives trading fiasco and subsequent leadership crisis.

The move comes in response to the Reserve Bank of India’s (RBI) directive, which asked the bank to submit its CEO recommendations by June 30.

According to reports, as that deadline arrives, three names have emerged as frontrunners for the top post: Rajiv Anand, currently Deputy Managing Director at Axis Bank and set to retire in August; Anup Saha, Managing Director at Bajaj Finance known for his expertise in digital and retail banking; and Rahul Shukla, former Group Head at HDFC Bank, who is currently on a sabbatical and is recognised for his deep experience in commercial and rural banking.

(With inputs from agencies)

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