RBL Bank Appoints Bhavin Lakhpatwala as New CFO; Deepak Ruiya Continues as Deputy CFO
RBL Bank appointed Bhavin Lakhpatwala as CFO and KMP effective June 12, 2026. He brings over 25 years of experience, including a role in HDFC Bank's merger. Deepak Ruiya will continue as Deputy CFO. The Board also confirmed authorized KMPs for SEBI regulations.
The appointment of a CFO is a significant management change that can impact strategic financial decisions and investor confidence.
The appointment of a new CFO with significant experience is a positive development for the bank, indicating a strengthening of its 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 at their meeting held on June 12, 2026, based on recommendations from the Audit Committee and the Nomination and Remuneration Committee. Mr. Lakhpatwala, who will also be part of the Bank's Senior Management, brings over twenty-five years of experience in financial control, business finance, investor relations, and strategic initiatives. Notably, he was previously part of the CFO leadership team at HDFC Bank, where he played a significant role in initiatives including the HDFC Bank-HDFC Limited merger. He is a Chartered Accountant and has spent over two decades at HDFC Bank.
Consequent to Mr. Lakhpatwala's appointment, Mr. Deepak Ruiya will cease to be the KMP and will continue in his role as the Deputy CFO of the Bank. Mr. Ruiya had been serving as the Interim CFO and KMP since December 30, 2025.
The Board also approved the names of KMPs authorized under Regulation 30(5) of the SEBI Listing Regulations, effective from June 12, 2026. These authorized personnel include Mr. R. Subramaniakumar (Managing Director & CEO), Mr. Jaideep Iyer (Executive Director), Mr. Bhavin Lakhpatwala (Chief Financial Officer), and Ms. Niti Arya (Company Secretary). Their contact details have been made available on the Bank's website.
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 Regulation 46(2) of SEBI Listing Regulations.
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