Overview
- Axis Bank said on Monday that Puneet Sharma submitted his resignation on June 28 and will relinquish his responsibilities at the close of business on August 31, 2026.
- Sharma has led the bank’s finance function since March 2020 and also ran legal, company secretarial, investor relations and procurement, making this a major senior‑management gap.
- The bank’s board approved two director reappointments in the same exchange filing, but Axis has not named a successor and any new appointments will need shareholder and, where required, RBI approval.
- The resignation is part of a wave of recent CFO moves at private banks, including Bandhan Bank’s CFO stepping down, and some market commentary has speculated about possible hires though those reports remain unconfirmed.
- Sharma is a chartered accountant with more than 20 years in financial services, and analysts note Axis’s strong share performance during his tenure, so markets will watch the succession process and its impact on governance and quarterly reporting.