Mumbai, June 29 (IANS). Axis Bank, the country’s third largest private sector bank, on Monday announced that its Chief Financial Officer (CFO) Punit Sharma has resigned. He has taken this decision to start the next phase of his professional life.
According to the information given by the bank in the exchange filing, Puneet Sharma submitted his resignation on June 28, 2026.
He will remain in his post till 31 August 2026. After this he will relinquish his responsibilities as the Chief Financial Officer (CFO), key managerial personnel and member of the senior management team of the bank.
Puneet Sharma was serving as the CFO of Axis Bank since March 2020. He has over 23 years of experience in the banking, financial services and consulting sector. During his tenure he played a key role in strengthening the financial activities and strategic planning of the Bank.
Before joining Axis Bank, Puneet Sharma worked at Tata Capital for almost 12 years, where he held several senior leadership positions. Since 2014, he has been the Group Chief Financial Officer (Group CFO), where he was responsible for financial control, financial planning, accounting and taxation.
He is an alumnus of the Indian School of Business (ISB), Hyderabad.
Additionally, he also held several key positions at Citibank, where he held responsibilities in areas such as Structured Cash Solutions, Treasury Operations and Risk Monitoring.
The bank said that Puneet Sharma has resigned in order to pursue the next phase of his professional career. However, Axis Bank has not yet announced the name of his successor.
Meanwhile, the Board of Directors of the bank has also approved the reappointment of two directors on the recommendation of the Nomination and Remuneration Committee.
CH S. S. Mallikarjuna Rao has been re-appointed as Independent Director for a second term of four years. His new tenure will be from 1 February 2027 to 31 January 2031. This appointment will be subject to the approval of the shareholders.
Additionally, Munish Sharda has been approved for re-appointment as Whole-Time Director and Executive Director for a period of three years from 27 February 2027 to 26 February 2030. His appointment will be effective after the approval of the Reserve Bank of India (RBI) and the shareholders of the bank.
At the end of trading on Monday, Axis Bank shares closed at Rs 1,357.70, down 1.37 per cent, on the BSE.
–IANS
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