RBL Bank is preparing to hand over its financial command to a very experienced hand. According to the information, former senior HDFC Bank official Bhavin Lakhpatwala may soon take over as the new Chief Financial Officer (CFO) of RBL Bank. As soon as the news of this possible appointment came out, the confidence of investors in the bank increased significantly, the direct effect of which was seen on the prices of its shares. On June 11, RBL Bank shares jumped like a rocket and touched its 52-week high. This is being considered as the first major decision of the bank after the big deal worth thousands of crores of rupees with Emirates NBD.
Raunak shares returned to the market and reached record high
When a strong leadership comes to any company, the market immediately reacts positively to it. On June 11, a similar scene was seen on the shares of RBL Bank. This news of change in top management filled a new energy within the investors. In early trading itself, the bank’s shares jumped by 2.37 percent and reached the level of Rs 364.75. This is the highest level of this stock in the last 52 weeks. However, after some time, due to profit booking, there was a slight moderation in the rise. Till 10.40 am this stock was trading at Rs 362.90 with a gain of 1.67 percent. Since the beginning of this year, there has been a spectacular rise of more than 15 percent in the shares of RBL Bank.
Who is Bhavin Lakhpatwala who will handle the safe of RBL Bank?
The CFO is responsible for handling the financial functioning of the bank, from accounting to strategies. Sources say that Bhavin Lakhpatwala will take over this important responsibility in the coming few weeks. Lakhpatwala recently resigned from HDFC Bank, India’s largest private bank. He was associated with HDFC Bank since 2011 and was working there on the important post of Senior Executive Vice President.
He is going to replace Deepak Ruia in RBL Bank. It is noteworthy that Ruia was given this interim charge for some time in December 2025. However, for appointment to such a big post in any bank, only the approval of the bank board is not enough, but for this it is also mandatory to get the green signal from the Reserve Bank of India (RBI). At present, no official statement has come from HDFC Bank, RBL Bank or Lakhpatwala himself on this issue.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsh advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
Leave a Reply