Private sector lender Axis Bank has announced that its Chief Financial Officer (CFO), Puneet Sharma, has resigned after completing six years in the role. According to a regulatory filing, Sharma submitted his resignation on June 28, stating his intent to pursue the next phase of his professional career. He will continue in his position until the close of business on August 31, 2026, after which he will cease to be part of the bank’s key managerial personnel and senior management.
The bank has not yet announced a successor to the CFO position, leaving a key leadership gap that investors and market participants will be closely watching in the coming months.
In a separate development, the board of Axis Bank approved the reappointment of CH S S Mallikarjunarao as an independent director for a second term of four years, beginning February 1, 2027, subject to shareholder approval. The board also cleared the reappointment of Munish Sharda as a whole-time director, designated as executive director, for a further three-year term starting February 27, 2027, pending approvals from the Reserve Bank of India and shareholders.
The leadership changes come at a time when the bank continues to focus on governance stability and long-term strategic continuity. Market observers will be watching closely for the appointment of the next CFO, given the critical role in financial planning and reporting.
