Finsamudra Desk3mo ago

Axis Bank names Rajeev Mantri as new CFO, effective September 28, 2026

Mantri, former CFO of Bandhan Bank, moves into one of Axis Bank's most influential roles, overseeing capital allocation and regulatory compliance.

Banking1 min read

Axis Bank Bank has appointed Rajeev Mantri, the former CFO of Bandhan Bank, as its new Chief Financial Officer, effective September 28, 2026. — Image: Finsamudra LinkedIn archive

September 28, 2026Effective date of appointment

CFO, Bandhan BankPrevious role

Axis Bank has appointed Rajeev Mantri as its new Chief Financial Officer, effective September 28, 2026. Mantri joins from Bandhan Bank, where he served as CFO.

In banking, the CFO ranks among the most influential decision-makers after the CEO, with direct responsibility for capital allocation, profitability and cost efficiency, investor communication, regulatory compliance, and balance sheet strength.

At Bandhan Bank, Mantri was closely involved in financial management, capital planning, and navigating the evolving regulatory landscape — experience he now brings to Axis Bank.

The appointment comes as private sector banks focus on sustaining profitable growth, accelerating digital transformation, optimizing capital efficiency, and meeting increasingly stringent regulatory expectations.

Leadership transitions at the CFO level are rarely routine. They typically reflect board-level priorities and signal the strategic direction a bank intends to pursue over the coming years.

Why it matters

A bank's CFO directly shapes capital planning and cost discipline — decisions that flow through to lending capacity, pricing, and risk appetite. For DSAs and connectors sourcing loans through Axis Bank, shifts in capital efficiency priorities under new financial leadership can eventually influence product mix, approval rates, and disbursal timelines.

Regulatory compliance and balance sheet strength, both core CFO mandates, also determine how aggressively a bank can grow its loan book. Distribution partners should watch for any changes in underwriting focus or capital-linked product strategy as Mantri settles into the role from September 2026.

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