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RBL Bank Limited announced key changes in its directorial and management team following a Board meeting held on December 30, 2025.

Mr. Rajeev Ahuja will retire as Executive Director of the Bank upon completion of his current term, approved by the Reserve Bank of India, which concludes on February 20, 2026. He will cease to be an Executive Director and Key Managerial Personnel effective February 21, 2026. The Board expressed its gratitude for Mr. Ahuja's significant contributions since 2010, highlighting his role in capital issuances, partnerships, investor relations, and the development of the BAAS business.

Concurrently, the Board approved the appointment of Mr. Jaideep Iyer, Head Strategy, as an Additional Director and Whole-time Director (Executive Director) and Key Managerial Personnel. This appointment is effective from February 21, 2026, for a period of three years, subject to shareholder approval and terms stipulated by the RBI. Mr. Iyer, who has over 25 years of experience in the financial sector, including a prior role as Group President and Deputy CFO at Yes Bank, is not related to any existing directors or KMPs.

Furthermore, 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 is currently the Deputy CFO, is a qualified Chartered Accountant with over 22 years of experience in banking and financial services.

In other disclosures, Mr. Pushpendra Sharma, Head - Digital Banking Unit, has 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, with sufficient leadership depth to manage it.