RBL Bank Appoints Jaideep Iyer as Executive Director, Deepak Ruiya as Interim CFO
RBL Bank's Board approved the appointment of Mr. Jaideep Iyer as Executive Director from February 21, 2026, for three years. Mr. Rajeev Ahuja will retire as Executive Director on February 20, 2026. Mr. Deepak Ruiya is appointed Interim CFO from December 30, 2025. Mr. Pushpendra Sharma resigned as Head - Digital Banking Unit.
The changes involve key managerial positions, including an Executive Director and CFO, which are critical roles. The appointment of a new Executive Director and an interim CFO, along with the retirement of a long-serving executive, will have a notable impact on the bank's leadership and operational continuity.
The announcement details routine changes in directorship and management, including retirements, appointments, and resignations. While the appointment of new key personnel can be seen positively, the departure of an experienced executive and the interim nature of another role balance the overall sentiment to neutral.
RBL Bank Limited announced key changes in its directorial and management team following a Board meeting held on December 30, 2025.
Mr. Rajeev Ahuja will retire as Executive Director of the Bank upon completion of his current term, approved by the Reserve Bank of India, which concludes on February 20, 2026. He will cease to be an Executive Director and Key Managerial Personnel effective February 21, 2026. The Board expressed its gratitude for Mr. Ahuja's significant contributions since 2010, highlighting his role in capital issuances, partnerships, investor relations, and the development of the BAAS business.
Concurrently, the Board approved the appointment of Mr. Jaideep Iyer, Head Strategy, as an Additional Director and Whole-time Director (Executive Director) and Key Managerial Personnel. This appointment is effective from February 21, 2026, for a period of three years, subject to shareholder approval and terms stipulated by the RBI. Mr. Iyer, who has over 25 years of experience in the financial sector, including a prior role as Group President and Deputy CFO at Yes Bank, is not related to any existing directors or KMPs.
Furthermore, Mr. Deepak Ruiya has been appointed as the Interim Chief Financial Officer and Key Managerial Personnel, effective December 30, 2025, until a new CFO is appointed. Mr. Ruiya, who has been with the Bank for 10 years and is currently the Deputy CFO, is a qualified Chartered Accountant with over 22 years of experience in banking and financial services.
In other disclosures, Mr. Pushpendra Sharma, Head - Digital Banking Unit, has resigned to pursue external opportunities and was relieved on December 29, 2025. The Bank stated that the portfolio managed by Mr. Sharma has been integrated into the Technology function, with sufficient leadership depth to manage it.
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RBL Bank Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. 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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