Axis Bank CFO resigns, co looks for successor

New Delhi: Jairam Sridharan, group executive and chief financial officer (CFO) of Axis Bank, resigned on Friday, the private lender said.

The bank added that Sridharan will serve in his current capacity for three months (notice period) and the bank is in the process of appointing his successor.

"Kindly note that the bank, under guidance from Nomination & remuneration Committee and the Audit Committee of Board, has initiated the succession plan for the said post and a suitable candidate will be appointed in due course and we will keep you posted on the same," the lender said.

Sridharan had joined Axis Bank in June 2010 and was elevated to his current position in October 2015. His previous role in the bank was President-Retail Lending & Payments and was responsible for retail products, cards business, agriculture and rural lending business.

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