Axis Bank appoints Puneet Sharma as CFO

Axis Bank said its board has approved the appointment of Puneet Sharma as the chief financial officer and the key managerial personnel of the bank with effect from 6 March 2020.

Puneet Sharma will replace Jairam Sridharan, who has resigned as the group executive & chief financial officer of the bank, with effect from the close of business hours on 5 March 2020.

Puneet Sharma, president and chief financial officer of the bank will report directly to the managing director & CEO of the bank, Axis Bank said in a statement issued during trading hours today, 27 February 2020.

On a standalone basis, Axis Bank's net profit rose 4.5% to Rs 1,757 crore on a 7.5% jump in total income to Rs 19,494.87 crore in Q3 December 2019 over Q3 December 2018.

Shares of Axis Bank was down 0.47% to Rs 726.35. The stock hovered in the range of Rs 717.20 to Rs 730 so far.

Axis Bank provides a range of corporate and retail banking products. The bank's segments include treasury, retail banking, corporate/wholesale banking and other banking business.

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