Axis Bank share price: Shares of Axis Bank are expected to be in the spotlight on Tuesday, June 30, as its Chief Financial Officer (CFO), Puneet Sharma, tendered his resignation after over six years of service to pursue the next phase of his professional journey.
According to a regulatory filing dated Monday, Sharma tendered his resignation on June 28.
Furthermore, he will be relieved from the services of the Bank at the close of business on August 31, 2026, and will cease to be a key managerial personnel and part of the senior management of the bank with effect from that date.
The Bank is yet to announce his successor.
In his resignation letter to Amitabh Chaudhry, Axis Bank’s Managing Director and Chief Executive Officer, 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 disciplines, build a resilient balance sheet and improve shareholder trust.”
He stated that these objectives have largely been completed, adding that “it has been professionally and personally fulfilling to successfully work with our legal team, secretariat, corporate real estate, and administration functions and serve on the Bank’s subsidiaries.”
Sharma added that he is fully committed to ensuring “seamless and responsible” handover of his duties.
Furthermore, he said that he will also step down from the board of the subsidiary in “due course” before the effective date of the resignation.
Re-appointments
Besides, the board approved re-appointment of CH S S Mallikarjunarao as an Independent Director of the bank for a second term of four years with effect from February 1, 2027 up to January 31, 2031, subject to approval of the members of the bank, it said.
The board also approved re-appointment of Munish Sharda as Whole-Time Director (designated as Executive Director) of the Bank for a further period of three years with effect from February 27, 2027 up to February 26, 2030, subject to approval of the Reserve Bank of India and the members of the bank, it stated.
Axis Bank stock performance
Shares of Axis Bank closed 1.48% lower at ₹1,356.80 per unit on the National Stock Exchange (NSE) on Monday, June 29. However, the announcement was made after the market closed.
The scrip has gained 1% in the past week and 6% over the month. On a year-to-date basis, it has risen 7%.
While the stock hit a 52-week high of ₹1,418.30 apiece on February 3, 2026, it touched a year’s low of ₹1,042.50 per equity share on August 29, 2025.
Axis Bank has a total market capitalisation of ₹4.25 lakh crore as of June 29, 2026, according to data on the NSE.