Anup Kumar Saha has stepped down from his role as managing director at Bajaj Finance, effective July 21, citing personal reasons. 

Along with leaving his managing director position, Saha has also quit as director from the company's board. 

His resignation comes amid reports that he may be in the running for the chief executive role at IndusInd Bank.

In his resignation letter, Saha said that he is committed to ensuring a smooth and seamless transition.

Following Saha's resignation, the company has expanded Rajeev Jain's responsibilities to now serve as both vice chairman and managing director, a dual role he'll maintain until his current term concludes on March 31, 2028.

Jain's career with Bajaj Finance has come full circle - he previously held the MD position from 2015 until earlier this year when he transitioned to vice chairman. 

Interestingly, Jain, who served as managing director for over 15 years at Bajaj Finance, had stepped down earlier this year to take on the role of vice chairman.