Axis Bank CFO Puneet Sharma Resigns After Six Years, Bank Announces Key Board Reappointments
Mumbai, Axis Bank has announced the resignation of its Chief Financial Officer (CFO), Puneet Sharma, bringing an end to his six-year tenure in one of the bank’s top leadership roles.
According to a stock exchange filing, Sharma submitted his resignation on Sunday and will officially step down from his position on August 31, 2026. From that date, he will also cease to be a Key Managerial Personnel (KMP) and a member of the bank’s senior management.
In his resignation letter, Sharma reflected on his tenure, stating that when he took over as CFO more than six years ago, his primary objective was to build a strong finance team, strengthen financial controls and reporting standards, promote prudent financial practices, reinforce the bank’s balance sheet and enhance shareholder confidence.
He added that these goals had now been “largely complete,” signalling that the time was right to move on from the role.
Alongside the announcement of Sharma’s exit, Axis Bank also approved the reappointment of CH S. S. Mallikarjun Rao as an Independent Director for a second four-year term. Subject to shareholders’ approval, his new tenure will run from February 1, 2027, to January 31, 2031.
The bank also approved the reappointment of Munish Sharda as Whole-time Director and Executive Director for another three-year term, from February 27, 2027, to February 26, 2030. His appointment remains subject to approvals from the Reserve Bank of India (RBI) and the bank’s shareholders.
The latest leadership changes come as Axis Bank continues to strengthen its governance and management structure while preparing for its next phase of growth.
News Source : Information for this article was gathered from a variety of reliable news outlets.
