Puneet Sharma resigns as Axis Bank CFO after 6-year stint

Axis Bank, India’s third‑largest private‑sector bank, revealed on Monday that its Chief Financial Officer, Puneet Sharma, is resigning to move on to the next stage of his professional journey.

The bank disclosed in a regulatory filing that Sharma tendered his resignation on June 28, 2026.

He will remain in the position through the end of business on August 31, 2026, after which he will no longer serve as CFO, a key managerial officer, or a member of the senior management team.

Sharma has been Axis Bank’s CFO since March 2020, offering over 23 years of expertise in banking, financial services and consulting. Throughout his tenure he has been instrumental in managing the bank’s financial operations and guiding its strategic planning.

Prior to Axis Bank, Sharma worked close to 12 years at Tata Capital, occupying various senior leadership roles. He acted as Group CFO from 2014, overseeing financial control, planning, accounting and tax.

A graduate of the Indian School of Business, Hyderabad, Sharma previously held several roles at Citibank, where he managed structured cash solutions, treasury functions and risk monitoring.

The bank said Sharma’s departure is to pursue the next chapter of his career, adding that a successor has not yet been named.

In a separate move, the board ratified the reappointment of two directors following the Nomination and Remuneration Committee’s recommendation.

CH S S Mallikarjunarao secured a second four‑year term as an Independent Director, running from February 1, 2027 to January 31, 2031, pending shareholder consent.

The board also renewed Munish Sharda’s appointment as Whole‑Time (Executive) Director for another three years, effective February 27, 2027 through February 26, 2030, contingent on RBI and shareholder approval.

Axis Bank’s shares closed at ₹1,357.70 on the BSE, down 1.37 % from the prior session.