RBL Bank Appoints New Chief Financial Officer

RBL Bank has informed the stock exchanges that the Board of Directors of the Bank has approved the appointment of Bhavin Lakhpatwala as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) w.e.f. June 12, 2026. The appointment has been approved on the recommendations of the Audit Committee and the Nomination & Remuneration Committee.

Lakhpatwala joins the private sector lender with over 25 years experience in financial management, business finance, investor relations and strategic planning. Prior to this assignment, he was with the CFO leadership team at HDFC Bank and played a key role in several strategic initiatives including the merger of HDFC Bank and HDFC Ltd.

A Chartered Accountant by qualification, he has spent over two decades with HDFC in senior roles in the finance function. He has a background in financial planning & analysis, corporate finance and business intelligence.

Upon his appointment, Deepak Ruiya, who has been the bank’s Interim CFO since December 2025, will cease to be a Key Managerial Personnel of the bank. But he will continue in his role as Deputy CFO.

The board also approved the list of executives who can make disclosures under the SEBI’s Listing Regulations. The authorised persons are Managing Director & CEO R. Subramaniakumar, Executive Director Jaideep Iyer, CFO Bhavin Lakhpatwala and Company Secretary Niti Arya.

It further stated that the board meeting commenced at 6:07 p.m. and concluded at 7:26 p.m. on June 12.