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Informist, Tuesday, Jun. 30, 2026

--HDFC Bank appoints Puneet Sharma as CFO with effect from Dec 1 

--Puneet Sharma joins HDFC Bank post resignation as Axis Bank CFO Sunday 

MUMBAI – HDFC Bank Ltd. has approved the appointment of Puneet Sharma as its chief financial officer designate with effect from Sept. 1, and as chief financial officer from Dec. 1, the lender said in an exchange filing late Monday. Sharma will join HDFC Bank after he stepped down as chief financial officer of Axis Bank Ltd. on Sunday. HDFC Bank said he meets the qualifications prescribed under the Reserve Bank of India's Commercial Banks – Governance Directions, 2025, for appointment as the chief financial officer. 

Sharma has over 26 years of experience in banking, financial services, and strategy. Before working as Axis Bank's CFO, he held leadership positions at Tata Capital, Citibank, and Boston Consulting Group. 

The board has also approved the appointment of Jigar Shah as general counsel-designate effective Aug. 20 and as general counsel from Oct. 1. Both Sharma and Shah will be part of the bank's senior management from the date they assume their respective designate roles, the exchange filing said. 

On Monday, CNBC-TV18 reported, citing people familiar with the matter, that outgoing Axis Bank chief financial officer Puneet Sharma would join HDFC Bank as its next chief financial officer. 

For the March quarter, HDFC Bank had reported a net profit of INR 192.21 billion and total income of INR 898.09 billion. Monday, its shares ended at INR 798.90 on the National Stock Exchange, up slightly from Thursday.  End

Reported by Shumaila Firoz 

Edited by Avishek Dutta

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