Axis Bank CFO Puneet Sharma resigns after over six years

Athira Sethu

Kochi, 30 June 2026

The shares of Axis Bank are expected to draw investors’ interest in the wake of resignation by the Chief Financial Officer (CFO), Puneet Sharma, who has resigned from his position having served the bank for more than six years. The move has been communicated via a regulatory filing as part of the board approving critical reappointment of leaders, representing a significant milestone for the bank’s senior management succession process.

Puneet Sharma Resigns

Axis Bank has announced in a regulatory filing that the Chief Financial Officer, Puneet Sharma, has resigned from office on June 28, 2026. In the filing done on June 29, he will continue to serve in his capacity as CFO until the end of business day on August 31, 2026, upon which he will no longer serve as the bank’s Chief Financial Officer, Key Managerial Personnel and Senior Management.

No successor to the post has yet been named by the bank.

Addressing the Managing Director and Chief Executive Officer Amitabh Chaudhry in his letter of resignation, Sharma spoke about the period of his tenure at the company, mentioning that at the time of his taking up the position over six years back, his main goal was to create an efficient finance team, establish sound finance control systems and practices, improve the bank’s balance sheet and build trust among the shareholders.

He mentioned that these aims were achieved and that his period in office had been both professionally and personally fulfilling for him. Sharma also spoke of his contribution in the areas of the bank’s legal, secretarial, corporate real estate and administrative activities as well as involvement in the work of the bank’s subsidiaries.

Furthermore, Sharma assured the management of his readiness to make a responsible transfer of duties before leaving. Moreover, Sharma mentioned that he would quit the boards of the bank’s subsidiaries before his resignation comes into effect.

Board Appoints New Leaders

In addition to news about the CFO leaving his post, the Axis Bank board has appointed CH S. S. Mallikarjunarao as the Independent Director of the board for a second term of four years. His second term will be effective from February 1, 2027, till January 31, 2031, provided that he receives the necessary consent from shareholders.

Furthermore, the board has appointed Munish Sharda as Whole-Time Director (Executive Director) for another three years starting from February 27, 2027, till February 26, 2030. This decision is subject to necessary approvals by Reserve Bank of India and the bank’s shareholders.

Axis Bank Stock Performance

Axis Bank shares settled lower on June 29, 2026, before the announcement was made after market hours.

Recent Stock Performance

52-Week Trading Range

Market Capitalisation