CNBC-TV18 had first reported that RBL Bank is likely to appoint HDFC Bank executive Bhavin Lakhpatwala as its Chief Financial Officer.
The appointment was approved by the Board of Directors at its meeting, based on recommendations of the Audit Committee and the Nomination and Remuneration Committee.
With this appointment, Deepak Ruiya, who was serving as interim CFO and KMP, will cease to be a Key Managerial Personnel of the bank and will continue as deputy CFO.
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The bank had earlier, on December 30, 2025, appointed him as Interim CFO until a permanent CFO was appointed. Lakhpatwala is a Chartered Accountant with over 25 years of experience in financial control, business finance, investor relations and strategic initiatives.
Who is Bhavin Lakhpatwala?
Lakhpatwala has spent more than 22 years with HDFC Bank across two stints. He first joined the bank in 2000 and worked in its finance function before moving to Ageas Federal Life Insurance in 2007. During his four-year stint at the insurer, he served in senior finance roles and was part of the team that helped build the company’s finance function.
He returned to HDFC Bank in 2011 and subsequently held a series of leadership positions spanning corporate finance, investor relations, business intelligence, strategy and performance management.
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Most recently, he has been leading the bank’s business finance, investor relations and strategic initiatives functions. Prior to that, Lakhpatwala headed corporate finance at HDB Financial Services during a deputation stint, where he was responsible for treasury-related activities, fundraising and finance operations.
The CFO vacancy
The CFO position at RBL Bank has remained vacant since December 2025, when Buvanesh Tharashankar resigned to join Manappuram Finance. The bank appointed Deputy CFO Deepak Ruiya as interim CFO with effect from December 30, 2025, pending the appointment of a permanent successor.
Shares of RBL Bank Ltd ended at ₹365.70, down by ₹6.40, or 1.78%, on the BSE.
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(Edited by : Jomy Jos Pullokaran)
First Published: Jun 12, 2026 8:19 PM IST
