RBLBANKBSERBL Bank LtdMediumNeutral
Announced Wed, 20 May · 13:51 IST

RBL Bank Limited informs the exchange about change in director.

Management Changes View source PDF

RBLBANK · price

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Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹323.90
prior close
₹324.75
base price
In-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.2+0.2+0.7+1.3+3.7+6.2+6.5+7.4+4.5+11.0+16.4+13.9
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AI summary

RBL Bank has announced that Mr. Manjeev Singh Puri will complete his term as a Non-Executive Independent Director on May 20, 2026, and will accordingly cease to hold the position. This is a routine expiry of a fixed-term appointment for an independent director, not a resignation or removal. The board has placed on record its appreciation for his valuable contribution during his tenure. No replacement or succession plan has been disclosed in this filing.

Likely market impact

The departure is due to natural term completion rather than any governance concern, so market impact is expected to be minimal. However, shareholders should monitor whether the bank appoints a replacement independent director to maintain board composition as per SEBI norms.