RBL Bank announced the appointment of Mr. Bhavin Lakhpatwala as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). This significant appointment, effective June 12, 2026, was approved by the Board of Directors following recommendations from the Audit and Nomination Committees. Mr. Lakhpatwala brings over twenty-five years of experience in finance, including his recent role at HDFC Bank. Consequently, Mr. Deepak Ruiya, who served as Interim CFO, will now transition to the role of Deputy CFO.
RBL Bank Appoints New CFO
RBL Bank has officially appointed Mr. Bhavin Lakhpatwala as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). This decision was made by the Bank’s Board of Directors during a meeting held on June 12, 2026. The appointment is effective from the same date and marks a significant addition to the bank’s senior management team.
Leadership Transition
The appointment follows recommendations from the Audit Committee and the Nomination and Remuneration Committee. Mr. Lakhpatwala’s tenure as CFO commences on June 12, 2026. In a related development, Mr. Deepak Ruiya, who had been serving as the Interim CFO since December 30, 2025, will now step down from his KMP role and continue as the Deputy CFO of the Bank.
Mr. Lakhpatwala’s Profile
Mr. Bhavin Lakhpatwala is a seasoned finance professional with over twenty-five years of extensive experience across financial control, business finance, investor relations, and strategic initiatives. Notably, in his recent role at HDFC Bank, he was a key member of the CFO leadership team, contributing significantly to driving strategy and managing major initiatives, including the HDFC Bank–HDFC Limited merger. He is a Chartered Accountant with a proven track record in building and strengthening finance functions and has spent over two decades in senior management roles within the CFO’s office at HDFC.
Authorized KMPs
The Board of Directors also approved the list of Key Managerial Personnel (KMPs) authorized under Regulation 30(5) of the SEBI Listing Regulations, effective from June 12, 2026. The authorized KMPs and their contact details are as follows:
- Mr. R. Subramaniakumar, Managing Director & CEO
- Mr. Jaideep Iyer, Executive Director
- Mr. Bhavin Lakhpatwala, Chief Financial Officer
- Ms. Niti Arya, Company Secretary
The board meeting commenced at 6:07 p.m. and concluded at 7:26 p.m. on June 12, 2026.
Source: BSE
