Jaideep Iyer to succeed Rajeev Ahuja as RBL ED
RBL Bank's Executive Director Rajeev Ahuja retires on February 21. Jaideep Iyer will take over as Executive Director from February 21 for a three-year term, pending shareholder approval. Deepak Ruiya is appointed interim Chief Financial Officer. Pushpendra Sharma, head of digital banking, has resigned. The bank has leadership depth to manage responsibilities.
Mumbai: Private sector lender RBL Bank Tuesday said its executive director Rajeev Ahuja, 62, will retire upon completion of his current term on February 21.
The bank also said it has received approval from the Reserve Bank of India (RBI) to appoint Jaideep Iyer, currently the head of strategy at RBL Bank, as executive director for a three-year term beginning February 21.
The appointment is subject to shareholder approval.
Ahuja has played a pivotal role in the bank's transformation from Ratnakar Bank to RBL Bank and has been part of the management team since 2010, the bank said. During his tenure, he oversaw multiple capital-raising exercises, the development of new partnerships and investor relations initiatives.
Separately, the board approved the appointment of Deepak Ruiya as interim chief financial officer with effect from December 30 until a new CFO is appointed. Ruiya, who has been deputy CFO since March 6, 2023, has been associated with the bank for the past 10 years.
The bank also said Pushpendra Sharma, head of the digital banking unit, resigned and was relieved on December 29. His portfolio was brought under the technology function in November 2024, and the bank said it has adequate leadership depth to manage the responsibilities.