HDFC Bank Limited has made a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited regarding senior management appointments approved by the Board of Directors at its meeting held on June 29, 2026.

The Board meeting commenced at 7:15 p.m. and concluded at 8:10 p.m. on June 29, 2026.

Key Appointments

1. Chief Financial Officer Appointment

  • Mr. Puneet Sharma appointed as Chief Financial Officer-Designate (CFO-Designate) effective September 1, 2026
  • Will assume role as Chief Financial Officer effective December 1, 2026
  • Appointment based on recommendations of Audit Committee and Governance, Nomination and Remuneration Committee
  • Will become Key Managerial Person under Section 203 of the Companies Act, 2013 upon assumption of office as CFO
  • Satisfies qualifications/conditions prescribed under Reserve Bank of India (Commercial Banks - Governance) Directions, 2025

2. General Counsel Appointment

  • Mr. Jigar Shah appointed as General Counsel-Designate (GC-Designate) effective August 20, 2026
  • Will assume role as General Counsel effective October 1, 2026
  • Appointment based on recommendations of Governance, Nomination and Remuneration Committee

Management Status

Both Mr. Puneet Sharma and Mr. Jigar Shah will become part of Senior Management Personnel of the Bank with effect from their respective dates of joining as CFO-Designate and GC-Designate.

Executive Profiles

Mr. Puneet Sharma (CFO-Designate)

  • Brings over 26 years of experience across banking, financial services and strategy
  • Previously served as Group Executive and Chief Financial Officer of Axis Bank Limited
  • Responsible for Axis Bank's finance function along with Investor Relations, Legal, Secretarial and other key corporate functions
  • Prior to Axis Bank, was Chief Financial Officer at Tata Capital Limited
  • Held leadership roles at Citibank and The Boston Consulting Group
  • Expertise in banking, treasury, strategy, financial management and business operations
  • Significant experience working with Boards, regulators, investors, and key stakeholders
  • Chartered Accountant and holds Post Graduate Programme in Management from Indian School of Business, Hyderabad

Mr. Jigar Shah (General Counsel-Designate)

  • Over three decades of experience across legal, compliance, governance and regulatory matters in banking and financial services
  • Previously associated with Elmcroft Consulting Services, leading complex asset workout, restructuring and recovery mandates for a leading NBFC platform
  • Prior experience as Managing Director at KKR India, serving as Head of Legal & Compliance and member of India Leadership Team
  • Served as Whole-Time Executive Director and Business Leader for KKR India Financial Services
  • Former Managing Director and Head of Legal – India at JPMorgan Chase Bank
  • Held various senior legal leadership roles at Deutsche Bank across India, Hong Kong and London
  • Began legal career in the United Kingdom with leading international law firms
  • LL.B. (Hons.) degree from University of Leicester, United Kingdom
  • Completed Law Society Finals from The College of Law, Guildford
  • Admitted as Solicitor in England and Wales
  • Recognized among India's leading in-house legal professionals
  • Contributed to several industry and regulatory initiatives

Employment Terms

Both appointments are for full-time employment.

Disclosure Authority

The disclosure is signed by Ajay Agarwal, Company Secretary and Group Head – Secretarial & Group Oversight of HDFC Bank Limited, with digital signature timestamped June 29, 2026 at 21:05:49 +05:30.