Axis Bank, the country’s third-largest private sector lender, announced the resignation of its Chief Financial Officer, Puneet Sharma. Sharma submitted his resignation on June 28, 2026, and will remain in his position until August 31, 2026, after which he will step down from his role as CFO, key managerial personnel, and member of the senior management team.
Having served as the CFO of Axis Bank since March 2020, Sharma brings over 23 years of experience in banking, financial services, and consulting sectors. He played a significant role in managing the bank’s financial operations and strategic planning during his tenure. Prior to joining Axis Bank, Sharma held senior leadership positions at Tata Capital for nearly 12 years, including the role of Group Chief Financial Officer.
Sharma, an alumnus of the Indian School of Business, Hyderabad, also has experience working with Citibank in various capacities. While Axis Bank has acknowledged Sharma’s resignation as a move towards his next professional endeavor, the bank has not yet named his successor.
In other news, Axis Bank’s board approved the reappointment of two directors based on recommendations from the Nomination and Remuneration Committee. CH S S Mallikarjunarao has been reappointed as an Independent Director for a four-year term starting from February 1, 2027, to January 31, 2031, pending shareholder approval. Additionally, Munish Sharda’s reappointment as Whole-Time Director, designated as Executive Director, was approved for a three-year term from February 27, 2027, to February 26, 2030, subject to approvals from the Reserve Bank of India and the bank’s shareholders.
Shares of Axis Bank closed at Rs 1,357.70 on the BSE, marking a 1.37% decline from the previous close.
