India's third-largest private sector lender, Axis Bank Ltd, on Monday (June 29) said the bank's Chief Financial Officer (CFO) Puneet Sharma has tendered his resignation on June 28, 2026, to pursue the next phase of his professional journey, the bank said in a regulatory filing.
Sharma will be relieved from service at the close of business on August 31, 2026 and will cease to be a key managerial personnel and part of senior management from that date.
Sharma has been serving as Chief Financial Officer of Axis Bank since March 6, 2020. He has over 23 years of experience across banks, financial institutions, and Consulting.
The bank said Sharma resigned to pursue the next phase of his professional career. It did not provide further details or name a successor.
Prior to joining Axis Bank, he spent 12 years at Tata Capital as a senior management functionary and was the group chief financial officer since 2014, accountable for financial control, financial planning, accounting and taxation, among other deliverables.
An alumnus of Indian School of Business, Hyderabad, Sharma has also worked with Citibank in roles covering structured cash solutions, treasury operations and risk monitoring, among others.
Separately, the bank’s board, at its meeting held today, approved re-appointments of two directors based on the Nomination and Remuneration Committee’s recommendations.
CH S S Mallikarjunarao has been re-appointed as an Independent Director for a second term of four years from February 1, 2027 to January 31, 2031, subject to shareholder approval.
Munish Sharda has been re-appointed as Whole-Time Director, designated Executive Director, for a further three-year term from February 27, 2027 to February 26, 2030, subject to approval from the Reserve Bank of India and shareholders.
Shares of Axis Bank Ltd ended at ₹1,357.70, down by ₹1.37, or 18.85%, on the BSE.