RBL Bank is shifting its risk and governance spine. In a board meeting on October 12, 2026, the bank disclosed changes in its senior management, highlighting a transition in its Chief Risk Officer (CRO) role. Deepak Kumar, who has been serving as CRO on a fixed-term contract, will cease to be part of the bank’s senior management at the close of business on October 31, 2026. The board then approved the appointment of Ashwini Kumar Choudhary as the new Chief Risk Officer, effective November 1, 2026, placing him firmly in the bank’s executive leadership.
Alongside the CRO transition, the board approved the re-appointment of Prakash Gupta as Chief Compliance Officer, effective November 1, 2026, for a period of one year and eight months. This move, requested by the Audit Committee and Nomination and Remuneration Committee, ensures continuity in the bank’s oversight of compliance and regulatory practices as the risk management framework evolves.
Ashwini Kumar Choudhary brings more than 27 years of experience across banking and financial services, with expertise in enterprise risk management, credit, and governance. His career includes leadership roles such as Group Chief Risk Officer at Union Bank of India and Chief Risk Officer at Tata Cleantech Capital, with prior stints at HSBC, HDFC Bank, Srei Infrastructure Finance, and Bank of Baroda. He holds a Post Graduate Diploma in Banking and Finance from the National Institute of Banking Management.
Prakash Gupta, a veteran with over 31 years in banking and financial services, has previously led compliance functions at Barclays, Credit Suisse, and Rabobank, and has worked across Bank of Baroda, ICICI Bank, and Edelweiss. Before joining RBL Bank, he served as Chief Risk Officer at ECL Finance Ltd. Gupta also holds FRM, CFA, and CAIIB certifications, along with a Master’s in Economics, underscoring a strong foundation in compliance, risk, and governance. The bank notes that this appointment brings deep regulatory and governance experience to its compliance function as it navigates a dynamic financial landscape.