RBL Bank has announced that it has received regulatory approval from the Reserve Bank of India for the re-appointment of Mr. Chandan Sinha as Non-Executive Chairman. The approval marks a significant milestone in the bank's leadership continuity and governance structure.

RBI Approval Details

The Reserve Bank of India conveyed its approval through a letter dated February 23, 2026, following the bank's application under Section 10B (1A) (i) of the Banking Regulation Act, 1949. The approval covers Mr. Sinha's re-appointment for a second term as Non-Executive (Part-Time) Chairman.

Professional Background

Mr. Chandan Sinha brings extensive experience to his role, with over 35 years as a career central banker and more than 40 years of association with banking and financial services. His distinguished career includes serving as an Executive Director of the Reserve Bank of India, demonstrating his deep understanding of regulatory frameworks and banking operations.

Following his retirement from RBI, Mr. Sinha served as Interim Director at the Centre for Advanced Financial Research and Learning (CAFRAL). His diverse experience spans multiple key positions including:

• Chief Investment Officer of Postal Life Insurance (Government of India)
• Director at Indian Institute of Bank Management
• Chief Dealer at Securities Trading Corporation of India
• RBI nominee director on State Bank of India's board
• Nominee Director of RBI on boards of Allahabad Bank, Union Bank of India, ECGC, and Reserve Bank Information Technology Ltd. (ReBIT)

Educational Qualifications

Mr. Sinha's academic credentials include a Master's degree in Physics from St. Stephens College, Delhi University. His professional qualifications encompass an MBA in Finance from Patna University and CAIIB certification, providing him with both theoretical knowledge and practical expertise in financial management.

Regulatory Compliance

The bank has confirmed that Mr. Sinha maintains good standing with regulatory authorities and is not debarred from holding directorial positions by SEBI or any other regulatory body. The disclosure has been made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency for stakeholders.

The bank has also confirmed that Mr. Sinha is not related to any other director of the bank, maintaining independence in the board structure. This re-appointment reinforces the bank's commitment to experienced leadership and regulatory compliance in its governance framework.

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.