RBL Bank appoints HDFC Bank veteran Bhavin Lakhpatwala as CFO
This story was originally published at 20:52 IST on 12 June 2026
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--RBL Bank appoints Bhavin Lakhpatwala as CFO with immediate effect
NEW DELHI – RBL Bank Friday said it has appointed Bhavin Lakhpatwala, former head of strategy for investors relations and business finance at HDFC Bank Ltd., as its new chief financial officer. Lakhpatwala, whose appointment is effective immediately, will be a key managerial personnel of RBL Bank.
Lakhpatwala's appointment concludes RBL Bank's over-five-month search for a permanent finance head. The appointment also comes at a crucial time for the private sector lender with Emirates NBD ownership transition nearing completion.
Since Buvanesh Tharashankar, who moved to Manappuram Finance, left as RBL Bank's chief financial officer in December, Deputy Chief Financial Officer Deepak Ruiya was the interim incharge. "Consequent to the appointment of Mr. Bhavin Lakhpatwala as CFO & KMP of the Bank, Mr. Deepak Ruiya shall cease to be the KMP of the Bank and shall continue as the Deputy CFO of the Bank," RBL Bank said.
Lakhpatwala has over twenty five years of experience across financial control, business finance, investor relations, and strategic initiatives. Before joining RBL Bank, Lakhpatwala was part of the finance leadership team at HDFC Bank. He is a Chartered Accountant and his previous responsibilities spanned financial planning and analysis, and corporate finance and business intelligence.
For the March quarter, RBL Bank had reported a net profit of INR 2.30 billion on total income of INR 47.89 billion. On Friday, RBL Bank's shares closed 1.9% higher at INR 365.85 on the National Stock Exchange. End
Reported by Shubham Rana
Edited by Deepshikha Bhardwaj
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