Axis Bank Appoints New CFO

On Thursday, Axis Bank said that its board has approved the appointment of Puneet Sharma as Chief Financial Officer (CFO). His appointment will be effective from 6 March according to the private bank's regulatory filing.

The announcement comes close to three months after the resignation of Jairam Sridharan as the Group Executive and CFO of the bank.

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Prior to joining Axis Bank, Sharma spent 12 years at Tata Capital as a senior management functionary and was the group CFO since 2014 accountable for financial control, financial planning & accounting and taxation amongst other deliverables, the statement said.

"Shri Puneet Sharma is a Chartered Accountant and has completed Post Graduate Programme in Management from Indian School of Business, Hyderabad," the statement added.

He has also worked with Citibank in roles covering Structured Cash Solution, Treasury Operations & Risk monitoring among others. His responsibilities included managing the risk reporting, operations and regulatory functions relating to fixed income security transactions of the bank.

Sharma will directly report to the Managing Director and CEO of the bank.