RBL Bank Limited has made a regulatory disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Key Appointment Details

The Board of Directors, at its meeting held on June 12, 2026, approved the appointment of Mr. Bhavin Lakhpatwala as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Bank with effect from June 12, 2026. The appointment was based on recommendations from both the Audit Committee and Nomination and Remuneration Committee of the Board. Mr. Lakhpatwala will be part of the Bank's Senior Management.

Background and Transition

This appointment follows the Bank's earlier communication dated December 30, 2025, which had intimated the appointment of Mr. Deepak Ruiya as Interim CFO and KMP. Consequent to Mr. Lakhpatwala's appointment, Mr. Ruiya ceases to be KMP of the Bank but continues as Deputy CFO.

Key Managerial Personnel Authorization

The Board also approved the list of KMPs authorized under Regulation 30(5) of SEBI Listing Regulations, effective from June 12, 2026:

  • Managing Director & CEO: Mr. R. Subramaniakumar (secretarial@rblbank.com)
  • Executive Director: Mr. Jaideep Iyer (secretarial@rblbank.com)
  • Chief Financial Officer: Mr. Bhavin Lakhpatwala (secretarial@rblbank.com)
  • Company Secretary: Ms. Niti Arya (secretarial@rblbank.com)

Professional Background of New CFO

Mr. Bhavin Lakhpatwala is a seasoned finance leader with over twenty-five years of experience across financial control, business finance, investor relations, and strategic initiatives. His recent role was at HDFC Bank, where he was part of the CFO leadership team and played a key role in significant initiatives including the HDFC Bank–HDFC Limited merger. He is a Chartered Accountant with over twenty years spent at HDFC, and his core responsibilities have spanned Financial Planning & Analysis, corporate finance, and business intelligence.

Meeting Details

The Board Meeting commenced at 6:07 p.m. and concluded at 7:26 p.m. on June 12, 2026.

Financial Impact

No specific financial impact quantified in the disclosure.