The Board of Directors approved the appointment during a meeting, following recommendations from the Audit Committee and the Nomination and Remuneration Committee.
With this new role, Deepak Ruiya, who previously served as interim CFO and KMP, will no longer hold the Key Managerial Personnel position at the bank and will continue in his role as deputy CFO.
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On December 30, 2025, the bank appointed Lakhpatwala as interim CFO until a permanent CFO was decided. Lakhpatwala is a Chartered Accountant with more than 25 years of expertise in financial control, business finance, investor relations, and strategic initiatives.
Who is Bhavin Lakhpatwala?
Lakhpatwala has over 22 years of experience at HDFC Bank across two periods. He first joined in 2000, focusing on its finance function, before moving to Ageas Federal Life Insurance in 2007. While at the insurer for four years, he held senior finance roles and contributed to developing the company’s finance operation.
He returned to HDFC Bank in 2011 and has since taken on various leadership roles in corporate finance, investor relations, business intelligence, strategy, and performance management.
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More recently, he has been managing the bank’s business finance, investor relations, and strategic initiatives functions. Before that, Lakhpatwala led corporate finance at HDB Financial Services during a deputation, overseeing treasury-related activities, fundraising, and finance operations.
The CFO vacancy
The CFO role at RBL Bank has been unfilled since December 2025, when Buvanesh Tharashankar resigned to join Manappuram Finance. The bank appointed Deputy CFO Deepak Ruiya as interim CFO starting December 30, 2025, awaiting the selection of a permanent successor.
Shares of RBL Bank Ltd closed at ₹365.70, declining 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
