RBL Bank has successfully completed a leadership transition at the Executive Director level with full regulatory compliance. The bank announced the retirement of Rajeev Ahuja and appointment of Jaideep Iyer as new Executive Director effective February 21, 2026, along with updated Key Managerial Personnel structure and regulatory compliance measures.
RBL Bank has formally completed a key leadership transition with the appointment of a new Executive Director, following proper regulatory procedures and stakeholder communications as outlined in their official intimation to stock exchanges dated February 21, 2026.
Executive Director Leadership Change
The bank has executed a seamless leadership transition at the Executive Director level with full regulatory compliance. Rajeev Ahuja, who served as Executive Director, retired from the bank's services upon completion of his term and ceased to be the Whole-time Director and Key Managerial Personnel with effect from the close of business hours of February 20, 2026.
Jaideep Iyer has assumed charge as the new Whole-time Director, designated as Executive Director, and Key Managerial Personnel of the bank effective February 21, 2026. His appointment comes with regulatory approval from the Reserve Bank of India and shareholders for a defined three-year tenure.
Updated Key Managerial Personnel Structure
Following the leadership change, the bank's Board of Directors has approved the updated list of Key Managerial Personnel authorized under Regulation 30(5) of the SEBI Listing Regulations, effective from February 21, 2026. The bank has formally communicated these changes to BSE Limited and National Stock Exchange of India Limited through official intimation letters.
Regulatory Compliance and Disclosure Updates
In addition to the leadership transition, RBL Bank has undertaken important regulatory compliance measures. The Board of Directors has reviewed and approved amendments to the "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" effective February 21, 2026.
This revision ensures continued compliance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended. The updated code is available on the bank's website under investor relations disclosures. The bank referenced previous communications dated December 30, 2025 and February 12, 2026 in continuation of this appointment process.
The bank has communicated these changes through formal intimation letters dated February 21, 2026, to both BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI Listing Regulations, ensuring full transparency with stakeholders and regulatory authorities.
Strike Details and Union Participation
The one-day nationwide strike has been called by various central trade unions, including the All India Bank Employees' Association (AIBEA), to raise industry-level demands. The All India Bank Officers' Association (AIBOA) has decided to extend fraternal support to the strike call.
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