HDFC Bank has appointed Puneet Sharma, the outgoing Chief Financial Officer (CFO) of Axis Bank, as its new finance chief, strengthening its senior leadership at a time when the country’s largest private sector lender is focused on long-term growth.
Sharma will join HDFC Bank after completing his notice period at Axis Bank and after receiving the required regulatory approvals. He is expected to succeed the bank’s current finance leadership as HDFC Bank continues to integrate operations following its merger with Housing Development Finance Corporation (HDFC).
A seasoned banking professional, Sharma has over two decades of experience in finance, treasury, strategy and corporate banking. During his tenure at Axis Bank, he played a key role in strengthening the bank’s financial position, improving capital management and driving business transformation.
His move comes shortly after Axis Bank announced that Sharma would step down as CFO in August. The leadership change has drawn attention across the banking sector, given his experience and the significance of the role at HDFC Bank.
For HDFC Bank, the appointment comes at an important stage as it continues to manage post-merger integration, improve operational efficiency and maintain steady business growth.
The appointment also reflects HDFC Bank’s focus on bringing experienced leaders into key positions as competition in the banking sector continues to intensify.