RBL Bank Appoints Bhavin Lakhpatwala as New CFO
RBL Bank appointed Bhavin Lakhpatwala as CFO and KMP effective June 12, 2026. He has over 25 years of experience, including a key role at HDFC Bank. Deepak Ruiya will continue as Deputy CFO.
The appointment of a CFO is a significant management change that can impact the bank's strategic financial direction and operations.
The appointment of a new CFO with extensive experience is generally viewed positively for a bank's financial leadership.
RBL Bank Limited announced the appointment of Mr. Bhavin Lakhpatwala as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Bank, effective June 12, 2026. This decision was approved by the Board of Directors following recommendations from the Audit Committee and the Nomination and Remuneration Committee.
Mr. Lakhpatwala brings over twenty-five years of experience in financial control, business finance, investor relations, and strategic initiatives. He was previously part of the CFO leadership team at HDFC Bank, where he played a significant role in strategic initiatives, including the merger with HDFC Limited. He is a Chartered Accountant and has spent over two decades at HDFC Bank.
Consequent to this appointment, Mr. Deepak Ruiya, who was serving as the Interim CFO since December 30, 2025, will cease to be a KMP and will continue in his role as the Deputy CFO. The Bank also approved the list of KMPs authorized under Regulation 30(5) of the SEBI Listing Regulations, effective from June 12, 2026. These include Mr. R. Subramaniakumar (Managing Director & CEO), Mr. Jaideep Iyer (Executive Director), Mr. Bhavin Lakhpatwala (Chief Financial Officer), and Ms. Niti Arya (Company Secretary), with their contact details provided.
The Board meeting commenced at 6:07 p.m. and concluded at 7:26 p.m. on June 12, 2026. The information is being hosted on the Bank's website, www.rbl.bank.in, in compliance with SEBI Listing Regulations.
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RBL 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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