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HDFC Financial institution’s Board of Administrators on Monday (June 29, 2026) accredited the appointment of Mr. Puneet Sharma as the following Chief Monetary Officer (CFO) with impact from September 1. He’ll then turn into chief monetary officer beginning December 1. This resolution was primarily based on the suggestions of the Audit Committee and the Governance, Nominating and Compensation Committee.
Mr. Sharma will succeed present Chief Monetary Officer (CFO) Srinivasan Vaidyanathan, whose time period is scheduled to finish in October 2026.
The Board of Administrators additionally accredited the appointment of Mr. Jigar Shah as Common Counsel – Designated (GC-Designated) efficient August 20, 2026 and Common Counsel from October 1, 2026.
Each Mr. Sharma and Mr. Shah will turn into members of the Financial institution’s senior administration from the date they be a part of the Financial institution as CFO-designated and GC-designated, respectively.
Puneet Sharma has over 26 years of expertise in banking, monetary companies and technique. He’s the Group Govt Officer and Chief Monetary Officer of Axis Financial institution Ltd.
Previous to Axis Financial institution, Mr. Sharma served as Chief Monetary Officer at Tata Capital, the place he performed a key position in strengthening the treasury perform, driving strategic initiatives, interactions and supporting the group’s development and transformation plans.
Earlier in his profession, he held management roles at Citibank and Boston Consulting Group, gaining intensive expertise throughout banking, finance, technique, monetary administration, and enterprise operations.
Mr. Shah has over 30 years of expertise in authorized, compliance and governance regulatory issues within the banking and monetary companies sector. He joined Elmcroft Consulting Companies the place he led advanced asset authorized, exercise, restructuring and restoration operations for a number one NBFC platform.
Previous to becoming a member of Elmcroft Consulting Companies, he was a Managing Director at KKR India, the place he was Head of Authorized and Compliance and was a member of the India Management Workforce.
Previous to becoming a member of KKR India, he was Managing Director and Head of India Authorized at JPMorgan Chase Financial institution and held varied senior authorized management roles at Deutsche Financial institution in India, Hong Kong and London. He started his authorized profession within the UK and labored for a significant worldwide legislation agency.
