c-s-rajan-to-continue-as-kotak-mahindra-bank-s-part-time-chairman

In an announcement made by the Kotak Mahindra Bank, C S Rajan has been reappointed as the bank’s part-time chairman.

 

The Reserve Bank of India (RBI) approved Rajan’s reappointment as part-time chairman of Kotak Mahindra Bank Limited for another term beginning January 1, 2026, until October 21, 2027, as per an official press release.

 

Rajan has been serving as part-time chairman of Kotak Mahindra Bank since January 1, 2024, following his appointment as an Independent Director on the Board of Kotak Mahindra Life Insurance Company Limited, a wholly owned subsidiary of the bank, in October 2022.

His reappointment extends a career that spans over four decades in corporate leadership and public life.

 

A post graduate in history, Rajan is a 1978-batch IAS officer, who served as the chief secretary of the Government of Rajasthan before retiring in 2016. 

 

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He has served in leadership roles for 12 years in key infrastructure sectors including energy, highways, water resources and industry, including SSI/MSME, said the press release, adding that he also served 14 years in agriculture and rural development sectors.

Post retirement, Rajan played key roles in governance and corporate restructuring serving as deputy chairman of the Chief Minister of Rajasthan’s Advisory Council, and later in the Government of India-appointed Board of Infrastructure Leasing and Financial Services Limited (IL&FS), where he held several senior positions, including managing director and later non-executive chairman, until September 2024.

 

Commenting on the RBI’s approval of Rajan’s reappointment, Ashok Vaswani, managing director and CEO of Kotak Mahindra Bank, said, “Kotak Mahindra Bank stands at an exciting juncture of growth and transformation. As we navigate our next phase of growth, we look forward to Mr. Rajan’s continued leadership and strategic vision, which will help us deliver sustainable value to our stakeholders.”

Expressing gratitude for the continued trust placed in him, Rajan said: “I am honoured to continue serving as chairman of Kotak Mahindra Bank. I look forward to working closely with the Board and management to further strengthen the Bank’s position and deliver value to all stakeholders.”