RBL Bank has appointed Bhavin Lakhpatwala as its new Chief Financial Officer, effective June 12, 2026. Lakhpatwala brings over 25 years of experience, including a long tenure at HDFC Bank. This appointment brings stability to the bank's finance function.

RBL Bank Appoints Bhavin Lakhpatwala as Chief Financial Officer

RBL Bank Ltd has named Mr. Bhavin Lakhpatwala as its new Chief Financial Officer (CFO) and Key Managerial Personnel. His appointment is effective June 12, 2026.

Reader Takeaway: Stability in finance leadership achieved; deep banking experience joins RBL Bank.

What just happened

The Board of Directors of RBL Bank approved the appointment of Mr. Bhavin Lakhpatwala as the new Chief Financial Officer. This decision followed recommendations from the bank's Audit Committee and the Nomination and Remuneration Committee.

Why this matters

This appointment brings a permanent leader to the CFO position, ending an interim arrangement that began in December 2025. Mr. Lakhpatwala's extensive experience is expected to strengthen the bank's financial operations and strategic direction.

The backstory

Previously, RBL Bank was operating under an interim CFO, Mr. Deepak Ruiya, since December 30, 2025. Mr. Ruiya will now transition to the role of Deputy CFO, ensuring a smooth handover and continued expertise within the finance department.

What changes now

With Mr. Lakhpatwala's appointment, the bank's finance department gains a seasoned professional. His expertise is crucial for managing the bank's financial health and executing strategic financial plans.

CFO Profile Highlights

Mr. Lakhpatwala is a Chartered Accountant with over 25 years of experience. His professional journey includes a significant twenty-year tenure at HDFC Bank, where he was part of the CFO leadership team. He was involved in major corporate initiatives, including the HDFC Bank–HDFC Limited merger. His core expertise lies in Financial Planning & Analysis, corporate finance, and business intelligence.

Risks to watch

While the appointment provides stability, investors will monitor how Mr. Lakhpatwala navigates the bank's financial strategy and integrates his expertise into RBL Bank's specific operational context.

Peer comparison

Key banking peers often have CFOs with extensive experience in financial management and corporate strategy, a profile Mr. Lakhpatwala appears to align with, especially given his background at HDFC Bank.