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Musical chairs? Axis, Bandhan Bank CFOs quit within an hour

June 30, 2026

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Business Standard

The closing business hours of the last Monday of the first quarter of 2026-27, turned out to be frenetic for India’s largest private banks.

- SUBRATA PANDA

Musical chairs? Axis, Bandhan Bank CFOs quit within an hour

At 4:26 pm, Axis Bank — the third-largest private sector lender — informed the exchanges that its chief financial officer (CFO) Puneet Sharma had resigned on Sunday to pursue the next phase of his professional journey.

A little over an hour later, another private lender Bandhan Bank informed the exchanges that its CFO Rajeev Mantri had resigned on Monday to pursue another opportunity from a career growth perspective. The two CFOs’ exits may well be a part of an industry-wide game of musical chairs unfolding.

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