RBL Bank Limited announced that in reference to earlier communication dated September 8, 2022, wherein the Bank had intimated about the untimely demise of Mr. Amrut Palan who had been serving as a Chief Financial Officer (CFO) of the Bank. With respect to the casual vacancy caused in the position of the CFO due to the above occurrence, Bank is in the process of finalizing a suitable incumbent for the position of a CFO. Bank has with the approval of the Board, elevated Mr. Deepak Ruiya, to the position of Deputy CFO, with effect from March 6, 2023.

Mr. Ruiya who held the position of Head-Financial Control, has been associated with the Bank for the past 8 years. Till such time a CFO is appointed, Mr. Deepak Ruiya in his capacity as Deputy CFO will be responsible for all the functions as are executed by a CFO and would also be designated as a Key Managerial Personnel of the Bank. Mr. Deepak Ruiya is a finance professional, and his career spans over 19 years in the banking and financial services sector.

He is a qualified Chartered Accountant, FRM, and CFA Level 2. He has worked with BSE, ICICI Lombard before joining, Barclays Bank PLC (India Operations), where he had a stint of 9+ years and was last designated as Vice President ­ Finance (Corporate & Investment Bank). He joined RBL Bank in 2014 and is currently Head of Financial Control. In his professional journey, he held leadership positions in Financial Control, Financial Performance & Analysis, Cost Management, Transformation, Asset & Liability Management (ALCO), Regulatory Matters.