Private sector lender HDFC Bank Ltd on Monday (June 29) said it has approved the appointment of Puneet Sharma as Chief Financial Officer-designate with effect from September 1, 2026. He will assume charge as Chief Financial Officer from December 1, 2026.

CNBC-TV18 had first reported that outgoing Axis Bank Chief Financial Officer Puneet Sharma is set to join HDFC Bank as its next CFO.

The decision was taken by the board at its meeting held on June 29, 2026, based on recommendations of the Audit Committee and Governance, Nomination and Remuneration Committee.

HDFC Bank said Puneet Sharma will be a Key Managerial Personnel under Section 203 of the Companies Act, 2013, upon assuming office as CFO. He meets the qualifications under the Reserve Bank of India (Commercial Banks – Governance) Directions, 2025 for CFO appointment.

Sharma has served as Axis Bank's Group Head and Chief Financial Officer since March 2020. Beyond leading the finance function, he oversees legal, secretarial, investor relations and procurement. He also serves as a nominee director on the boards of Axis Finance and Axis Securities.

During his six-year tenure as CFO, Axis Bank completed the acquisition and integration of Citibank India's consumer businesses, strengthened its capital position through successful fund raises, and accelerated investments in technology and digital banking.

Sharma was also a key interface with investors and analysts through a period of significant balance sheet growth and strategic execution.

Before joining Axis Bank, Sharma spent more than 12 years at Tata Capital, where he held several leadership positions, culminating in his appointment as Group Chief Financial Officer. In that role, he was responsible for finance, treasury, taxation, investor relations and corporate strategy across the Tata Group's financial services businesses.

Earlier in his career, Sharma worked at Citibank and Boston Consulting Group, giving him experience across corporate banking, strategy and financial services. He began his career with Lovelock & Lewes, the predecessor firm to PwC in India. Sharma is a Chartered Accountant and a Cost Accountant.

In addition, the bank approved the appointment of Jigar Shah as General Counsel-designate effective August 20, 2026, and as General Counsel from October 1, 2026. Both appointees will be part of the Senior Management Personnel from their respective designation dates.

Shares of HDFC Bank Ltd ended at ₹799.00, up by ₹2.95, or 0.37%, on the BSE.