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HDFC Bank (HDB) names Puneet Sharma CFO-Designate and Jigar Shah GC-Designate

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

HDFC Bank Limited is appointing two new senior leaders, naming Puneet Sharma as Chief Financial Officer-Designate and Jigar Shah as General Counsel-Designate. Sharma’s appointment is effective September 1, 2026, and Shah’s is effective August 20, 2026, both on a full-time basis.

Both executives will join the bank’s Senior Management Personnel from their respective joining dates. Sharma will become a Key Managerial Person as Chief Financial Officer from December 1, 2026, and the bank confirms he meets the Reserve Bank of India’s governance requirements for this role.

Positive

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CFO-Designate appointment date September 1, 2026 Effective date of Puneet Sharma’s full-time appointment as CFO-Designate
GC-Designate appointment date August 20, 2026 Effective date of Jigar Shah’s full-time appointment as GC-Designate
CFO assumption of office December 1, 2026 Date Puneet Sharma assumes office as Chief Financial Officer and becomes Key Managerial Person
Puneet Sharma experience Over 26 years Experience across banking, financial services and strategy
Jigar Shah experience Over three decades Experience in legal, compliance, governance and regulatory matters in financial services
Board meeting time 7:15 p.m. to 8:10 p.m. Duration of board meeting on June 29, 2026 when decisions were taken
Senior Management Personnel financial
"Both, Mr. Puneet Sharma and Mr. Jigar Shah would be part of Senior Management Personnel of the Bank"
Key Managerial Person financial
"Mr. Puneet Sharma would be a Key Managerial Person of the Bank under Section 203"
Companies Act, 2013 regulatory
"Key Managerial Person of the Bank under Section 203 of the Companies Act, 2013"
Reserve Bank of India (Commercial Banks - Governance) Directions, 2025 regulatory
"He satisfies the qualifications/ conditions prescribed under the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025"
SEBI Listing Regulations regulatory
"The details as required in terms of disclosure under Regulation 30 read with Clause 7 of Paragraph A of Part A of Schedule III to the SEBI Listing Regulations"
Key Managerial Person financial
"Further, Mr. Puneet Sharma would be a Key Managerial Person of the Bank under Section 203"
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Form 6-K: How Foreign Companies Report to the SEC →
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of June 2026

Commission File Number 001-15216

 

 

HDFC BANK LIMITED

(Translation of registrant’s name into English)

 

 

HDFC Bank House, Senapati Bapat Marg,

Lower Parel, Mumbai. 400 013, India

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒   Form 40-F ☐

 

 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

   

HDFC BANK LIMITED

    (Registrant)
Date: June 29, 2026      
    By:  

/s/ Ajay Agarwal

    Name:   Ajay Agarwal
    Title:  

Company Secretary

Group Head – Secretarial & Group Oversight

EXHIBIT INDEX

The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this report pursuant to the General Instructions for Form 6-K.

Exhibit No. 99

Description

 

(i)

Appointment of Mr. Puneet Sharma as the Chief Financial Officer - Designate w.e.f. September 1, 2026 and as Chief Financial Officer w.e.f. December 1, 2026; and

 

(ii)

Appointment of Mr. Jigar Shah as the General Counsel – Designate, effective August 20, 2026 and as the General Counsel, effective October 1, 2026.

Exhibit 99

June 29, 2026

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir,

 

Sub:

Disclosure under Regulation 30 read with Clause 7 of Paragraph A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)

This is in addition to the intimation made by the Bank to the stock exchanges, earlier today.

We wish to inform you that the Board of Directors of the Bank at its meeting held today i.e. on June 29, 2026, additionally took the following decisions:

 

(iii)

Based on the recommendations of the Audit Committee and Governance, Nomination and Remuneration Committee, approved the appointment of Mr. Puneet Sharma as the Chief Financial Officer - Designate (CFO-Designate) w.e.f. September 1, 2026 and as Chief Financial Officer w.e.f. December 1, 2026; and

 

(iv)

Based on the recommendations of the Governance, Nomination and Remuneration Committee, approved the appointment of Mr. Jigar Shah as the General Counsel – Designate (GC-Designate), effective August 20, 2026 and as the General Counsel, effective October 1, 2026.

Both, Mr. Puneet Sharma and Mr. Jigar Shah would be part of Senior Management Personnel of the Bank with effect from their date of joining the Bank as CFO-Designate and GC-Designate, respectively.

Further, Mr. Puneet Sharma would be a Key Managerial Person of the Bank under Section 203 of the Companies Act, 2013, upon his assumption of office as Chief Financial Officer, i.e. effective December 1, 2026. He satisfies the qualifications/ conditions prescribed under the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025, for appointment of a chief financial officer.

The details as required in terms of disclosure under Regulation 30 read with Clause 7 of Paragraph A of Part A of Schedule III to the SEBI Listing Regulations read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as Annexure I.

The Board Meeting at which the above decision was taken, commenced at 7:15 p.m. and ended at 8:10 p.m.

You are requested to kindly take the above on your record.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Ajay Agarwal

Company Secretary

Group Head – Secretarial & Group Oversight

Annexure I

 

Sr. No.

   

Particulars

   

Description

   

Description

1.    Reason for Change viz. appointment, reappointment, resignation, removal, death or otherwise;    Appointment of Mr. Puneet Sharma as the Chief Financial Officer-Designate (CFO-Designate) and consequently, a Senior Management Person of the Bank.    Appointment of Mr. Jigar Shah as the General Counsel-Designate (GC-Designate) and consequently, a Senior Management Person of the Bank.
2.    Date of appointment/ reappointment/ cessation (as applicable) & term of appointment/re-appointment;   

The effective date of appointment is September 1, 2026

 

Term- Full-time employment

   

The effective date of appointment is August 20, 2026

 

Term- Full-time employment

3.    Brief profile (in case of appointment);   

Mr. Puneet Sharma brings over 26 years of experience cutting across banking, financial services and strategy. He has been the Group Executive and Chief Financial Officer of Axis Bank Limited and was responsible for Axis Bank’s finance function along with Investor Relations, Legal, Secretarial and other key corporate functions.

 

Prior to Axis Bank, Mr. Puneet Sharma was Chief Financial Officer at Tata Capital Limited, where he played a pivotal role in strengthening the finance function, driving strategic initiatives, managing Board and regulatory interactions, and supporting the organization’s growth and transformation agenda.

 

Earlier in his career, he held leadership roles at Citibank and The Boston Consulting Group, gaining extensive experience across banking, treasury, strategy, financial management and business operations.

 

Throughout his career, he has built deep expertise across financial planning, capital management, financial reporting, investor relations, governance, and regulatory engagement. He brings significant experience in working with Boards, regulators, investors, and other key stakeholders.

 

Mr. Puneet Sharma is a Chartered Accountant and holds a Post Graduate Programme in Management from the Indian School of Business, Hyderabad.

   

Mr. Jigar Shah has over three decades of experience across legal, compliance, governance and regulatory matters in the banking and financial services sector.

 

He has been associated with Elmcroft Consulting Services, where he led complex asset workout, restructuring and recovery mandates for a leading NBFC platform.

 

Prior to Elmcroft Consulting Services, Mr. Jigar Shah was the Managing Director at KKR India, where he served as Head of Legal & Compliance and was a member of the India Leadership Team. He was also a Whole-Time Executive Director and Business Leader for KKR India Financial Services.

 

Prior to KKR India, Mr. Shah was Managing Director and Head of Legal – India at JPMorgan Chase Bank and held various senior legal leadership roles at Deutsche Bank across India, Hong Kong and London. He began his legal career in the United Kingdom, working with leading international law firms before moving into financial services.

 

Mr. Jigar Shah holds an LLB (Hons.) degree from the University of Leicester, United Kingdom, completed his Law Society Finals from The College of Law, Guildford, and is admitted as a Solicitor in England and Wales. Over the course of his career, he has been recognized among India’s leading in-house legal professionals and has contributed to several industry and regulatory initiatives.

4.    Disclosure of relationships between directors (in case of appointment of a director).    Not applicable    Not applicable

Source: View Original Filing on SEC EDGAR

FAQ

What senior appointments did HDFC Bank (HDB) announce in this 6-K?

HDFC Bank announced the appointment of Puneet Sharma as Chief Financial Officer-Designate and Jigar Shah as General Counsel-Designate. Both will be Senior Management Personnel, reflecting key additions to the bank’s leadership team in finance and legal functions.

When do the new HDFC Bank (HDB) CFO-Designate and GC-Designate appointments take effect?

Puneet Sharma’s appointment as CFO-Designate is effective September 1, 2026, while Jigar Shah’s appointment as GC-Designate is effective August 20, 2026. Both roles are on a full-time employment basis as part of HDFC Bank’s senior management.

When will Puneet Sharma become Chief Financial Officer and Key Managerial Person at HDFC Bank (HDB)?

Puneet Sharma will assume office as Chief Financial Officer on December 1, 2026, at which point he will be a Key Managerial Person under Section 203 of the Companies Act, 2013. The bank states he satisfies applicable Reserve Bank of India governance requirements.

What experience does HDFC Bank’s incoming CFO-Designate Puneet Sharma have?

Puneet Sharma brings over 26 years of experience across banking, financial services and strategy. He previously served as Group Executive and Chief Financial Officer of Axis Bank, and earlier held senior roles at Tata Capital, Citibank and The Boston Consulting Group.

What is the background of HDFC Bank’s new GC-Designate Jigar Shah?

Jigar Shah has over three decades of experience in legal, compliance, governance and regulatory matters in financial services. He has held senior roles at KKR India, JPMorgan Chase Bank and Deutsche Bank, and is admitted as a Solicitor in England and Wales.

Are there any disclosed relationships between the new HDFC Bank (HDB) appointees and directors?

The disclosure states that relationships between directors are not applicable for these appointments. This indicates the bank did not report any director-related relationship disclosures for either Puneet Sharma or Jigar Shah in connection with these roles.

Filing Exhibits & Attachments

1 document

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