RBL Bank CFO Buvanish Tharashankar Steps Down

0 min read Updated on 15 Dec 2025, 07:21 PM

Reviewed by

Naman SScanX News Team

Overview

RBL Bank has announced the departure of Chief Financial Officer Buvanish Tharashankar. As CFO, Tharashankar was responsible for overseeing the bank's financial operations and strategic financial planning. The bank has not provided details about the reasons for his departure or information about a potential successor.

*this image is generated using AI for illustrative purposes only.

RBL Bank has announced that Chief Financial Officer Buvanish Tharashankar is stepping down from his position.

Leadership Change

The departure of Tharashankar marks a change in the bank's senior management team. As CFO, he was responsible for overseeing the financial operations and strategic financial planning of the institution.

About the Role

The Chief Financial Officer position is a critical role within any banking institution, involving oversight of financial reporting, risk management, and strategic financial decision-making processes.

RBL Bank has not provided details regarding the reasons for Tharashankar's departure or any information about a potential successor.

Historical Stock Returns for RBL Bank

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.07%	+1.43%	-3.92%	+40.14%	+76.38%	+28.34%

RBL Bank Approves Re-appointment of Chairman

RBL Bank has announced a significant decision regarding its leadership continuity. The bank's Board of Directors has approved the re-appointment of Mr. Chandan Sinha as a Non-Executive Independent Director for a second term. This move underscores the bank's commitment to maintaining stability in its top leadership.

Key Details of the Re-appointment

Aspect	Details
Name	Mr. Chandan Sinha
Current Position	Part-time Chairman
New Appointment	Non-Executive Independent Director
Term Duration	3 years
Effective Period	May 21, 2026 to May 20, 2029
Total Tenure	Will complete 8 continuous years on the Bank's Board
Approval Status	Subject to shareholder approval

About Chandan Sinha

Mr. Chandan Sinha brings a wealth of experience to his role at RBL Bank:

Former Executive Director of the Reserve Bank of India (RBI)
Over 35 years of experience in central banking
Extensive background in the banking and financial services sector, spanning more than 40 years

Implications for RBL Bank

The re-appointment of Mr. Sinha is a strategic move by RBL Bank to ensure leadership continuity. His extensive experience in central banking and the financial sector is expected to provide valuable guidance to the bank as it navigates the evolving banking landscape in India.

This decision also reflects the bank's confidence in Mr. Sinha's leadership and his contributions to the bank's governance over his initial term. The extension of his tenure to a total of eight years on the Board suggests a long-term approach to the bank's strategic direction and oversight.

Next Steps

While the Board has approved this re-appointment, it is important to note that the final decision rests with the shareholders. RBL Bank will seek shareholder approval for Mr. Sinha's re-appointment, as required by corporate governance norms.

As the banking sector continues to face challenges and opportunities, RBL Bank's move to retain experienced leadership could be seen as a positive signal to stakeholders, potentially contributing to the bank's stability and growth strategies in the coming years.

Historical Stock Returns for RBL Bank