RBL Bank Revamps Top Management with New ED and Interim CFO

In a significant leadership update, RBL Bank has announced changes at the top management level. The private sector lender appointed a new Executive Director (ED) and an interim Chief Financial Officer (CFO) as part of a broader management rejig. The move is aimed at ensuring continuity, stability, and strategic execution.

Why in News?

RBL Bank is in the news after announcing key changes in its top management, including the appointment of a new Executive Director (ED) and an interim Chief Financial Officer (CFO).

About the Appointments

The RBL Bank informed stock exchanges that,

• Jaideep Iyer, Head of Strategy, has been elevated as Executive Director
• Deepak Ruiya has been appointed as interim Chief Financial Officer (CFO)
• These appointments come amid leadership transitions and ongoing transformation at the bank.

Appointment of New Executive Director

• Jaideep Iyer will take charge as Executive Director for a tenure of three years, effective February 21, 2026.
• He will succeed Rajeev Ahuja, who is set to retire on February 20, 2026.

About Jaideep Iyer

• Currently Head of Strategy at RBL Bank
• Served as interim CEO between 2021 and 2022
• Played a key role during a critical leadership transition
• His elevation signals the Board’s confidence in internal leadership and institutional knowledge.

Interim CFO Appointment

• The bank appointed Deepak Ruiya as interim CFO, effective immediately.
• He will hold the position until a regular CFO is appointed.
• This ensures financial oversight and continuity at a time when banks face challenges related to asset quality, compliance, and growth strategies.

Key Takeaways

• Jaideep Iyer appointed Executive Director of RBL Bank
• Deepak Ruiya named interim CFO
• Rajeev Ahuja to retire in February 2026
• Leadership continuity through internal elevation
• Digital banking head resigns

Key Data At Glance

Question

Q. Who has been appointed as the new Executive Director of RBL Bank?

A. Rajeev Ahuja
B. Deepak Ruiya
C. Jaideep Iyer
D. Pushpendra Sharma