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RBL Bank Limited announced significant changes in its management team following a Board of Directors meeting held on December 30, 2025.

Mr. Rajeev Ahuja has requested to retire from his position as Executive Director of the Bank upon completion of his current term, which ends on February 20, 2026. The Board accepted his request and expressed profound appreciation for his contributions since joining in 2010, highlighting his pivotal role in the bank's transformation, capital issuances, partnerships, investor relations, and the development of its BAAS (Banking as a Service) business.

Effective February 21, 2026, Mr. Jaideep Iyer, Head of Strategy, has been appointed as an Additional Director and Whole-time Director (Executive Director) and Key Managerial Personnel for a period of three years, subject to shareholder approval. This appointment follows the approval from the Reserve Bank of India and recommendations from the Nomination and Remuneration Committee. Mr. Iyer, with over 25 years in the financial sector, including a previous role as Group President and Deputy CFO at Yes Bank, is not related to any existing directors.

Additionally, Mr. Deepak Ruiya has been appointed as the Interim Chief Financial Officer and Key Managerial Personnel, effective December 30, 2025, until a new CFO is appointed. Mr. Ruiya, who has been with the Bank for 10 years and currently serves as Deputy CFO, brings over 22 years of experience in banking and financial services.

In other news, Mr. Pushpendra Sharma, Head of Digital Banking Unit, resigned to pursue external opportunities and was relieved on December 29, 2025. The Bank stated that the portfolio managed by Mr. Sharma has been integrated into the Technology function, and there is sufficient leadership depth to manage it.

The Board meeting commenced at 2:14 p.m. and concluded at 3:15 p.m.