38.6c New Delhi, India, Saturday, June 22, 2024
Business

Puneet Sharma Appointed As The CFO Of Axis Bank

By LawStreet News Network      28 February, 2020 12:02 PM      0 Comments
Puneet Sharma Appointed As The CFO Of Axis Bank

Axis Bank on Thursday, 27 February 2020, appointed Puneet Sharma as the New Chief Financial Officer (CFO). In disguise of a regulatory filing, the private sector lender stated that Mr. Sharma’s appointment would be implemented from 6th March 2020. He would be required to report and assist to the Managing Director and Chief Executive Officer Amitabh Chaudhry. The bank also shared the already available statistics regarding the gains after this news but before they laid down during the deals which happened in the Afternoon. 

The shares indulging with Axis Bank were seen on an incline before they came down. On the Bombay Stock Exchange, Axis Bank rose upto 0.66 per cent to Rs. 734.77 per piece after this announcement. Exactly at 1:49 pm, the Bank’s stock traded at Rs. 730.00 as against its earlier closing of Rs. 729.75, which anyway outshined the benchmark Sensex index which was down 0.64 per cent amid a broad-based selloff. At 2.48 pm, its shares were seen trading at Rs. 732.50, which is higher by Rs. 2.75 or 0.38 per cent compared to its earlier close.

Talking about Mr. Sharma himself, he is a Chartered Accountant who is also an ex-student of Indian School of Business, Hyderabad. He has gained across 23 years of experience with working at and across many other banks, financial hubs and consultancies. He has worked with Tata Capital at the post of Senior Management Functionary and also worked at the post of the Chief Financial Officer since 2014. He spent 12 years altogether at Tata Capital. He had also worked with Citibank where he covered area including structured cash solution, treasury operations and risk monitoring.

Puneet would be replacing Mr. Jairam Sridharan, who resigned as the Group Executive and Chief Financial Officer of the bank, with effect from the close of business hours on March 5, 2020. After which, Mr. Sharma would be entitled to the post and its privileges from 6th March, 2020.

 

Author – Devansh Dev



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS

gravity-of-offence-not-relevant-when-considering-bail-for-juvenile
Trending Judiciary
Gravity of offence not relevant when considering bail for juvenile [Read Order]

Allahabad High Court grants bail to a juvenile in a serious criminal case, ruling that the gravity of the offence is not a relevant factor in bail decisions.

22 June, 2024 11:18 AM
new-anti-cheating-law-enacted-analysis
Trending Executive
New Anti-Cheating Law enacted: Analysis

In-depth analysis of India’s new Anti-Cheating Law, the Public Examinations (Prevention of Unfair Means) Act, 2024, aimed at curbing exam malpractices.

22 June, 2024 11:38 AM

TOP STORIES

women-including-housewife-approach-ncw-against-controversial-ips-officer-gyaneshwar-singh
Trending Crime, Police And Law
Women, including housewife, approach NCW against controversial IPS officer Gyaneshwar Singh

Two women approach NCW against controversial IPS officer Gyaneshwar Singh, citing harassment for tweets based on news reports about his involvement in high-profile cases.

17 June, 2024 03:10 PM
courts-this-week-law-street-journal-s-weekly-round-up-of-sc-anf-hcs-june-10-june-15
Trending Judiciary
Courts this Week: Law Street Journal's Weekly Round-Up of SC & HCs [June 10 - June 15]

Get the latest updates from the Supreme Court of India and the High Courts ! Here’s a round up of the week's top legal stories in a quick, easy-to-read summary.

17 June, 2024 03:29 PM
man-sues-apple-for-5-million-blaming-company-for-divorce-after-wife-discovers-deleted-messages-with-sex-workers
Trending Business
Man sues Apple for £5 million, blaming company for divorce after wife discovers ‘deleted messages’ with sex workers

A UK man sues Apple for £5M, claiming their unclear policy on deleted messages led to his divorce after his wife found texts to sex workers on another device.

17 June, 2024 04:26 PM
ex-karnataka-cm-yediyurappa-appears-before-cid-for-pocso-case-probe-with-protection-of-no-arrest
Trending Crime, Police And Law
Ex-Karnataka CM Yediyurappa appears before CID for POCSO case probe, with protection of 'no arrest'

Ex-Karnataka CM Yediyurappa appears before CID for POCSO case probe, denies allegations, granted ‘no arrest’ protection. Next hearing: June 28.

17 June, 2024 04:46 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email