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# India's HDFC Bank names Puneet Sharma CFO-designate from September 2026
- URL: https://www.theglobalbanker.com/hdfc-bank-puneet-sharma-cfo-designate-september-2026/
- Published: 2026-06-30T16:19:00.000Z
- Updated: 2026-10-02T00:29:54.000Z
- Description: HDFC Bank has approved Puneet Sharma as CFO-Designate from 1 September 2026 and CFO from 1 December 2026, succeeding Srinivasan Vaidyanathan.
- Author: TGB Editorial Team
- Tags: Executive Moves, Asia-Pacific

The board of HDFC Bank has approved the appointment of Puneet Sharma as chief financial officer-designate with effect from 1 September 2026, and as chief financial officer from 1 December 2026, succeeding Srinivasan Vaidyanathan. The board also approved the appointment of Jigar Shah as general counsel-designate from 20 August 2026 and general counsel from 1 October 2026.

Separately, the board approved the appointment of Rajiv Kumar as part-time chairman, pending the approval of the Reserve Bank of India. Kumar, a former finance secretary and former chief election commissioner, was named for a three-year term as part-time chairman; he was also appointed an independent director, subject to shareholder approval.

#### SHARMA BRINGS AXIS EXPERIENCE

Sharma joins HDFC Bank with more than two decades of experience, most recently as chief financial officer of Axis Bank, where he served for more than six years. He resigned from Axis Bank on 28 June 2026.

#### BROADER LEADERSHIP REFRESH

The parallel appointment of Jigar Shah as general counsel-designate from 20 August 2026 and general counsel from 1 October 2026 brings in a lawyer with more than 30 years of experience in legal, compliance, governance and regulatory matters, most recently as managing director and head of legal and compliance at KKR India, with earlier roles at JPMorgan Chase Bank and Deutsche Bank.

The nomination of Rajiv Kumar as part-time chairman, subject to RBI approval, adds a further pillar to the leadership structure. 

The bank disclosed the appointments in a regulatory filing to the stock exchanges on 29 June 2026.