RBL Bank CFO Buvanesh Tharashankar Steps Down; Interim Successor Identified

RBL Bank Limited has informed stock exchanges that Mr. Buvanesh Tharashankar, Chief Financial Officer and a Key Managerial Personnel, has resigned from his position to pursue opportunities outside the Bank. His resignation marks a senior management change at the private sector lender and comes following internal discussions between the Bank and the executive.

Resignation Accepted and Effective Date

According to the disclosure, the Bank has accepted Mr. Tharashankar’s resignation and relieved him from his duties with effect from the close of business hours on December 15, 2025. The decision was taken on mutual agreement after discussions, ensuring a smooth and orderly transition. 

His resignation letter reflects a considered decision driven by personal and professional objectives, along with an expression of gratitude for the opportunities and support received during his tenure.

Succession Plan and Interim Arrangement

RBL Bank stated that, in line with the succession plan approved by its Board, an identified interim successor has already been put in place to manage the responsibilities of the Chief Financial Officer. This move is intended to ensure continuity in financial leadership and operational stability during the transition period.

The Bank further noted that it will complete all required formalities within the prescribed timelines, including obtaining necessary Board and Committee approvals related to the CFO position. This indicates a structured approach toward governance and regulatory compliance.

Acknowledgement of Contribution

In his resignation communication, Mr. Tharashankar acknowledged the professional growth and learning he experienced at RBL Bank, expressing appreciation for the guidance and encouragement from colleagues and management. His departure follows a professional and amicable exit process.

RBL Bank Share Price Performance

On December 16, 2025, RBL Bank share price (NSE: RBLBANK) opened at ₹302.50, down from its previous close of ₹304.30. At 10:25 AM, the share price of RBL Bank was trading at ₹300.85, down by 1.13% on the NSE.

Also Read: RBI Approves Amalgamation of 2 Gujarat Co-Operative Banks!

Conclusion

The resignation of CFO Buvanesh Tharashankar represents a notable leadership change for RBL Bank. However, with an interim successor already identified and a formal succession framework in place, the Bank has signaled its preparedness to manage the transition smoothly. As RBL Bank proceeds with regulatory approvals and long-term succession planning, the focus remains on maintaining operational continuity and financial discipline.

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