Axis Bank CFO Puneet Sharma resigns effective August 31, to pursue new opportunities

India's third-largest private sector lender, Axis Bank Ltd

, on Monday (June 29) said the bank's Chief Financial Officer (CFO) Puneet Sharma has tendered his resignation on June 28, 2026, to pursue the next phase of his professional journey, the bank said in a regulatory filing.

Sharma will be relieved from service at the close of business on August 31, 2026 and will cease to be a key managerial personnel and part of senior management from that date. T

Separately, the bank’s board, at its meeting held today, approved re-appointments of two directors based on the Nomination and Remuneration Committee’s recommendations.

CH S S Mallikarjunarao has been re-appointed as an Independent Director for a second term of four years from February 1, 2027 to January 31, 2031, subject to shareholder approval.

Munish Sharda has been re-appointed as Whole-Time Director, designated Executive Director, for a further three-year term from February 27, 2027 to February 26, 2030, subject to approval from the Reserve Bank of India and shareholders.

Shares of Axis Bank Ltd ended at ₹1,357.70, down by ₹1.37, or 18.85%, on the BSE.