The private sector banking space witnessed two senior leadership exits, with Axis Bank and Bandhan Bank on Monday announcing the resignations of their Chief Financial Officers (CFOs).Axis Bank, in a regulatory filing, said its CFO Puneet Sharma has tendered his resignation on June 28, 2026 to pursue next phase of his professional journey.
Rajeev Mantri
Bandhan Bank, in a regulatory filing, said Rajeev Mantri, CFO, and Key Managerial Personnel (KMP), has tendered his resignation vide letter dated June 29, 2026, to pursue another opportunity from career growth perspective.According to word on the street, Sharma and Mantri may join as CFOs of HDFC Bank and Axis Bank, respectively.Axis Bank said Sharma will be relieved from the services of the Bank at the close of business on August 31, 2026 and shall cease to be the key managerial personnel and a part of senior management of the Bank with effect from that date, per the filing.In his resignation letter to Axis Bank MD & CEO, Sharma said: “When i accepted this role more than 6 years ago, my core mandate was to build a strong team with deep functional strength, robust financial controls and reporting discipline, incorporate prudent financial practices, build a resilient balance sheet and improve shareholder trust.“These objectives are now largely complete....The Bank is today anchored by capable functional teams in each of the aforementioned areas, rigorous reporting governance, and a resilient balance sheet that positions us for long-term growth. This allows me to step away and look ahead to the next phase of my professional journey.”Bandhan Bank said in terms of its policies, Mantri’s last working day with the Bank as CFO and KMP would be September 25, 2026.endsPublished on June 29, 2026
