Jairam Sridharan, Group Executive and Chief Financial Officer and Key Managerial Personnel of Axis Bank, has resigned from his post on Friday.
He would be pursuing other career options post his resignation from the services at Axis Bank, he informed during a filing on Bombay Stock Exchange.
Sridharan will continue to be associated as the Group Executive and Chief Financial Officer of the bank during his notice period of three months, Axis Bank further said in its statement.
Axis Bank said that it has already instigated the recruitment plan for the post of Group Executive and Chief Financial Officer under supervision from the Nomination and Remuneration Committee and the Audit Committee of Board.
“The bank places on record its appreciation for the invaluable contribution provided by Jairam Sridharan during his tenure as the Group Executive and Chief Financial Officer of the Bank and we wish him the very best in his future endeavors,” Axis Bank stated.
Sridharan holds over two decades of experience in the banking and financial services industry. He was promoted to the post of Group Executive and CFO in October 2015.
Sridharan was earlier the President of Retail Lending and Payments at Axis Bank, where he supervised the growth in the retail lending and payments businesses comprising retail lending products, cards business, and the agriculture and rural lending business.
Prior to joining Axis Bank in June 2010, Sridharan had worked with Capital One Financial, a consumer bank based in Richmond, Virginia. He was also associated with ICICI Bank during their initial stint into retail lending businesses.
Sridharan holds a Bachelor degree in Technology in Chemical Engineering from IIT Delhi and Post Graduate Diploma in Management from IIM Calcutta.