RBL Bank Board Appoints Bhavin Lakhpatwala as Chief Financial Officer

RBL Bank has announced the appointment of Bhavin Lakhpatwala as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective June 12, 2026.  

This decision was made during a board meeting held on the same day. 

Appointment of Bhavin Lakhpatwala 

Bhavin Lakhpatwala, a seasoned finance professional with over 25 years of experience, has been appointed as the CFO of RBL Bank.  

His previous role at HDFC Bank involved significant strategic initiatives, including the HDFC Bank-HDFC Limited merger. He is a Chartered Accountant with a robust background in financial planning and analysis, corporate finance, and business intelligence. 

With his extensive experience, Lakhpatwala is expected to contribute significantly to the bank's financial strategies and operations. 

Transition from Interim CFO 

Prior to Lakhpatwala's appointment, Deepak Ruiya served as the interim CFO and KMP of RBL Bank. Following the transition, Ruiya will continue to serve as the Deputy CFO, supporting the bank's financial operations. 

The board meeting, which approved these changes, commenced at 6:07 p.m. and concluded at 7:26 p.m. 

Board of Directors' Approval 

The decision to appoint Bhavin Lakhpatwala was based on recommendations from the Audit Committee and the Nomination and Remuneration Committee of the Board.  

The board also approved the names of the KMPs authorised under Regulation 30(5) of the SEBI Listing Regulations, effective from June 12, 2026. 

Read More: SJVN Share Price in Focus as Rajesh Kumar Chandel Appointed as Whole-Time Director (Projects) for 5 Years! 

RBL Bank Share Price Performance 

As of June 12, 2026, at 3:30 PM, RBL Bank share price on NSE was closed at ₹365.85 up by 1.88% from the previous closing price. 

Conclusion 

RBL Bank's appointment of Bhavin Lakhpatwala as CFO marks a strategic move in its financial leadership. This transition follows the interim tenure of Deepak Ruiya, who will continue as Deputy CFO. The board's decision reflects a commitment to strengthening the bank's financial management. 

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