Board approves new Chief Risk Officer; re-appoints Chief Compliance Officer

RBL Bank's Board approved senior management changes at its meeting on October 12, 2026.

Mon 12 Oct 2026

CRO Ceases to be Senior Management

with effect from close of business hours on October 31, 2026

New Chief Risk Officer Effective Date

with effect from November 01, 2026

Chief Compliance Officer Re-appointment Term

one year eight months with effect from November 01, 2026

Outcome of Board Meeting: senior management changes

The Board of Directors of RBL Bank Limited, at its meeting held on October 12, 2026, noted and approved changes in the Bank's senior management.

The three changes

• Mr. Deepak Kumar, Chief Risk Officer (CRO): he is part of the Senior Management on a fixed term contract. As per the terms, the contract concludes on October 31, 2026, and accordingly he shall cease to be part of the Senior Management with effect from close of business hours on October 31, 2026.
• Mr. Ashwini Kumar Choudhary: on the recommendations of the Risk Management Committee and the Nomination and Remuneration Committee, the Board approved his appointment as Chief Risk Officer with effect from November 01, 2026. He is part of the Senior Management of the Bank.
• Mr. Prakash Gupta: on the recommendations of the Audit Committee and the Nomination and Remuneration Committee, the Board approved his re-appointment as Chief Compliance Officer with effect from November 01, 2026, for a period of one year eight months. He is part of the Senior Management of the Bank.

Profile of the incoming Chief Risk Officer

• Over 27 years of experience across banking and financial services, with expertise in enterprise risk management, credit and governance.
• Has held several senior leadership positions, including Group Chief Risk Officer at Union Bank of India and Chief Risk Officer at Tata Cleantech Capital.
• His career also includes key roles at HSBC, HDFC Bank, Srei Infrastructure Finance and Bank of Baroda.
• Holds a Post Graduate Diploma in Banking and Finance from the National Institute of Bank Management, and has completed the FRM, CFA and CAIIB certifications. He also holds a B.A. (Hons.) in Sociology from Magadh University.

Profile of the re-appointed Chief Compliance Officer

• Over 31 years of experience working in the banking and financial services sector.
• He has been the Head of Compliance at Barclays, Credit-Suisse and Rabobank, and has worked in varied capacities across banks and financial institutions like Bank of Baroda, ICICI Bank Ltd and Edelweiss.
• Prior to joining RBL Bank, he was the Chief Risk officer with ECL Finance Ltd.
• Holds a Master's Degree in Economics.

Other matter

• The Board reviewed and approved the amendments to the "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information". The revised code is available on the website of the Bank.

What this means for investors

• The Chief Risk Officer role passes from Mr. Deepak Kumar to Mr. Ashwini Kumar Choudhary on consecutive dates — one ceases at close of business hours on October 31, 2026, and the other's appointment takes effect from November 01, 2026.
• The Chief Compliance Officer's re-appointment is for a defined term of one year eight months from November 01, 2026.
• The disclosure is a statement of changes in the persons holding these two senior roles, along with the professional background of the incoming Chief Risk Officer.

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