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Axis Bank CFO Departs After 6 Years
29 Jun
Summary
- CFO Puneet Sharma resigns after over six years at Axis Bank.
- Sharma's resignation is effective August 31, 2026, citing achieved objectives.
- Axis Bank's board approved reappointment of two directors.
Puneet Sharma, the Chief Financial Officer of Axis Bank, has resigned after serving over six years with the institution. His tenure will conclude at the close of business on August 31, 2026, at which point he will also cease to be a key managerial personnel. Sharma indicated that his primary objectives for the role, such as establishing robust financial controls and a resilient balance sheet, have been largely met.
He expressed confidence in the bank's current financial standing, attributing it to capable teams and rigorous governance. Sharma committed to ensuring a smooth transition before his departure. Separately, the bank's board has greenlit the reappointment of independent director C H S S Mallikarjun Rao for a second four-year term starting February 1, 2027. Executive Director Munish Sharda's three-year term extension from February 27, 2027, was also approved, subject to regulatory and shareholder consent.
