The appointment comes after the CFO place remained vacant for round six months. Deepak Ruiya, who had been serving as interim CFO since December 2025, will proceed as Deputy CFO, the lender stated in a press release.
Lakhpatwala joins RBL Financial institution from HDFC Financial institution, the place he served as Senior Govt Vice President and was a part of the financial institution’s CFO management group. He beforehand headed Particular Tasks and Investor Relations and performed a key function within the HDFC Financial institution-HDFC Ltd merger. A finance veteran with shut three many years of expertise, he has additionally held management roles throughout monetary management, company finance, investor relations and enterprise planning.
In a regulatory submitting, RBL Financial institution stated Lakhpatwala has intensive expertise throughout monetary management, enterprise finance, investor relations, monetary planning and evaluation, company finance, and enterprise intelligence. He spent over 20 years at HDFC and was a part of the senior administration group within the CFO’s workplace.
The appointment follows studies from earlier this week that RBL Financial institution was in superior levels of appointing Lakhpatwala as CFO because it sought to finish the management rent forward of the proposed acquisition by Emirates NBD. ET NOW had reported, citing sources, that Lakhpatwala was anticipated to play a key function within the financial institution’s transition to a brand new possession construction.
The event additionally comes as Emirates NBD has secured key regulatory approvals for its proposed acquisition of a controlling stake in RBL Financial institution, paving the way in which for the transaction’s completion. The appointment of a everlasting CFO is anticipated to strengthen the financial institution’s administration group because it enters the subsequent section of its progress and possession transition.
RBL Financial institution stated Lakhpatwala’s appointment takes impact from June 12, 2026.
