RBL Bank Limited announced that Mr. Vijay Anandh, Head of Retail Assets and Collections, being part of the Senior Management of RBL Bank Limited ("the Bank") has tendered his resignation in order to pursue opportunities outside the Bank. The copy of his resignation communication (addressed to Executive Director) is enclosed herewith. Post internal discussion held with Mr. Vijay Anandh, the Bank has accepted his resignation and shall relieve him from his duties with effect from close of business hours on March 15, 2024.

The Bank, as a part of its strategy of new product introductions and scale up of secured retail assets, had put a leadership team in place, which has executed the new product introductions and scale ups over the last eighteen months or so. Mr. Vijay Anandh was then put in charge of the overall retail asset business in addition to his responsibility of Collections around that time. Subsequent to his resignation the established and stable line of leadership for various retail products will continue to execute the Bank's strategy and will report to Mr. Rajeev Ahuja, Executive Director of the Bank.

In addition, the Bank has a strong and well-established leadership with significant vintage with the Bank in Collections for the two large verticals - Credit Cards and Retail Assets. This leadership team will also directly report to Mr. Rajeev Ahuja, Executive Director.