11 Jun , 2026 By : Debdeep Gupta
Shares of RBL Bank rose over 2 percent and hit a fresh 52-week high in early trade on Thursday after reports suggested the lender may appoint former HDFC Bank executive Bhavin Lakhpatwala as its chief financial officer (CFO).
RBL Bank shares climbed as much as 2.37 percent to a 52-week high of Rs 364.75 on the NSE. The stock was trading at Rs 363.90, up Rs 7.65 or 2.14 percent, at 9:58 am.
The gains came after sources told Moneycontrol that Lakhpatwala is likely to be appointed as the bank's CFO, replacing Deepak Ruiya, who has been serving in the role on an interim basis since December 2025.
According to sources, Lakhpatwala was also considered a potential candidate to succeed the current CFO at HDFC Bank. A timeline for his appointment at RBL Bank remains unclear, though sources indicated that an announcement could be made in the coming weeks. The appointment would be subject to approval from the bank's board and the Reserve Bank of India.
Lakhpatwala recently stepped down from HDFC Bank, where he last served as Senior Executive Vice President. He joined the private sector lender in 2011 and has held several leadership positions during his tenure. Prior to that, he worked with Deloitte and Ageas Federal Life Insurance.
Ruiya took charge as interim CFO after former finance chief Buvanesh Tharashankar resigned in December 2025 to pursue opportunities outside the bank. Ruiya had served as Deputy CFO of RBL Bank since March 2023.
Neither RBL Bank nor HDFC Bank has issued an official statement on the matter.
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