Axis Bank Appoints Rajeev Mantri as New CFO Effective September 28, 2026
Axis Bank appointed Rajeev Mantri as CFO and Key Managerial Person, effective September 28, 2026. Mantri, 49, has nearly 30 years of experience in financial services, including a previous role as CFO at Bandhan Bank. The appointment was approved by the Board on July 18, 2026.
The appointment of a CFO is a significant management change that can influence the bank's financial strategy and performance. However, the impact is considered medium as it is a routine management transition and does not involve a major strategic shift or financial event.
The appointment of a new CFO with extensive experience is generally viewed positively as it brings in new leadership and expertise to manage the bank's financial operations.
Axis Bank Limited announced the appointment of Rajeev Mantri as the Chief Financial Officer (CFO) and a Key Managerial Person, effective September 28, 2026. This appointment follows the resignation of Puneet Sharma from the same role. The decision was recommended by the Nomination and Remuneration Committee and the Audit Committee, and subsequently approved by the Board of Directors at their meeting held on July 18, 2026.
Rajeev Mantri, aged 49, brings nearly three decades of extensive experience in the financial services sector. His career spans banking, financial services, credit information, consumer goods, and international financial institutions. Notably, he served as the Executive President and Chief Financial Officer at Bandhan Bank, overseeing finance and strategy for a large team. His expertise includes banking finance, strategy, regulatory engagement, and business transformation, with prior roles at Citibank, Standard Chartered, and Mashreq across India, Singapore, and the UAE. Mantri is a Chartered Accountant from ICAI India and holds a Global Executive MBA from INSEAD Business School, Singapore. He is recognized for his proficiency in strategic planning, governance, and financial controls.
The bank confirmed that Mantri meets the qualifications and conditions stipulated by the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025, for the appointment of a CFO. The Board meeting commenced at 9:00 am IST and concluded at 3:55 pm IST on July 18, 2026.
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Axis Bank Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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