Jaideep Iyer Appointed Executive Director of RBL Bank; Rajeev Ahuja Retires
MUMBAI – In a significant reshuffle of its top management, RBL Bank Limited announced on Saturday that Mr. Jaideep Iyer has officially taken charge as the bank's new Executive Director and Whole-time Director, effective February 21, 2026.
The appointment follows the retirement of veteran banker Mr. Rajeev Ahuja, who stepped down from his role at the close of business hours on February 20, 2026, upon the completion of his scheduled term.
A New Chapter in Leadership
Mr. Iyer’s transition into the role is backed by regulatory and shareholder confidence. His term is slated for a period of three years, extending through February 20, 2029, as previously approved by both the Reserve Bank of India (RBI) and the bank's shareholders.
As a Key Managerial Personnel (KMP), Mr. Iyer will be instrumental in steering the bank’s strategic initiatives alongside Managing Director & CEO, Mr. R. Subramaniakumar.
Governance and Compliance Updates
In addition to the leadership changes, RBL Bank informed the BSE and National Stock Exchange (NSE) of amendments to its internal governance policies. The Board has reviewed and approved a revised “Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.”
Updated Key Managerial Personnel (KMP)
Following the board meeting held on February 21, the bank updated its list of personnel authorized under SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations. The current leadership team responsible for disclosures to stock exchanges includes:
| Name | Designation |
| Mr. R. Subramaniakumar | Managing Director & CEO |
| Mr. Jaideep Iyer | Executive Director |
| Mr. Deepak Ruiya | Interim Chief Financial Officer |
| Ms. Niti Arya | Company Secretary |
This move, compliant with the SEBI (Prohibition of Insider Trading) Regulations, aims to strengthen the bank's transparency regarding market-sensitive data. The updated code is now available to the public via the bank’s official investor relations portal.
Market Context
The departure of Rajeev Ahuja marks the end of a long tenure for a leader who was often seen as a stabilizing force within the bank. Investors will likely keep a close watch on Mr. Iyer as he steps into this executive role during a period of evolving digital transformation in the Indian banking sector.
Shares of RBL Bank (Scrip Code: 540065) remain under observation as the market reacts to these leadership updates.