CNBC-TV18 had first reported that outgoing Bank of India is set to join HDFC Bank as its next CFO.
The decision was taken by the board at its meeting held on June 29, 2026, based on recommendations of the Audit Committee and Governance, Nomination and Remuneration Committee.
HDFC Bank said Puneet Sharma will be a Key Managerial Personnel under Section 203 of the Companies Act, 2013, upon assuming office as CFO. He meets the qualifications under the Reserve Bank of India (Commercial Banks – Governance) Directions, 2025 for CFO appointment.
In addition, the bank approved the appointment of Jigar Shah as General Counsel-designate effective August 20, 2026, and as General Counsel from October 1, 2026. Both appointees will be part of the Senior Management Personnel from their respective designation dates.
Shares of HDFC Bank Ltd ended at ₹799.00, up by ₹2.95, or 0.37%, on the BSE.
First Published: Jun 29, 2026 11:05 PM IST
