Key Management Changes

I. Changes in Senior Management

1. Cessation of Chief Risk Officer: Mr. Deepak Kumar, Chief Risk Officer (CRO), will cease to be part of senior management effective close of business hours on October 31, 2026, upon completion of his fixed-term contract.

2. Appointment of New Chief Risk Officer: The Board approved the appointment of Mr. Ashwini Kumar Choudhary as Chief Risk Officer with effect from November 1, 2026. The appointment was based on recommendations of the Risk Management Committee and Nomination and Remuneration Committee.

Profile of New CRO: Mr. Ashwini Kumar Choudhary brings over 27 years of experience across banking and financial services with expertise in enterprise risk management, credit, and governance. He has held senior leadership positions including Group Chief Risk Officer at Union Bank of India and Chief Risk Officer at Tata Cleantech Capital. His career includes key roles at HSBC, HDFC Bank, Srei Infrastructure Finance, and Bank of Baroda. He holds a Post Graduate Diploma in Banking and Finance from National Institute of Bank Management and has completed FRM, CFA, and CAIIB certifications. He also holds a B.A. (Hons.) in Sociology from Magadh University.

3. Re-appointment of Chief Compliance Officer: The Board approved the re-appointment of Mr. Prakash Gupta as Chief Compliance Officer with effect from November 1, 2026, for a period of one year eight months. The re-appointment was based on recommendations of the Audit Committee and Nomination and Remuneration Committee.

Profile of CCO: Mr. Prakash Gupta has over 31 years of experience in banking and financial services sector. He has been Head of Compliance at Barclays, Credit Suisse and Rabobank. He has worked across banks and financial institutions like Bank of Baroda, ICICI Bank Ltd and Edelweiss. Prior to joining RBL Bank, he was Chief Risk Officer with ECL Finance Ltd. He holds strong domain knowledge in Compliance, Banking and Para-banking Products Development, Branch Operations, Loan Recovery, Forex Management, Credit & Enterprise Risk Management, and Client Servicing. He holds a Master's Degree in Economics.

Other Board Matters

II. Insider Trading Policy Update: In compliance with Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, the Board reviewed and approved amendments to the "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information". The revised code is available on the Bank's website.

Meeting Details

The Board Meeting commenced at 2:04 p.m. and concluded at 6:03 p.m. on October 12, 2026.

Additional Context

This disclosure should be read in continuation with the Bank's earlier intimation dated October 12, 2026 regarding approval of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.

Disclosure References

  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Regulation 30 of SEBI Listing Regulations