New Delhi, June 9 -- Bajaj Finserv Ltd. announced on Tuesday that its non-executive director Rajiv Bajaj will step down from the company's board, citing additional responsibilities at Bajaj Auto, where he serves as managing director (MD).

"Shri Rajiv Bajaj, non-executive director, has informed the Company that with additional responsibilities at Bajaj Auto Ltd. in recent times, owing to the setting up of Bajaj Auto Technology Ltd. and Bajaj Auto Credit Ltd. as well as the recent acquisition of KTM, he desires to reduce his other commitments," the non-banking financial company (NBFC) said in an exchange filing on June 9.

He has also opted out of re-election at the 2026 Annual General Meeting (AGM), scheduled to be held next month end. Ba...