The Reserve Bank of India (RBI) has approved the reappointment of C S Rajan as Part-Time Chairman of Kotak Mahindra Bank Limited for a further period from January 1, 2026, to October 21, 2027. This decision ensures continuity in leadership and governance as the bank continues on its strategic growth path. Mr. Rajan has been serving as Part-Time Chairman since January 1, 2024, and has been an Independent Director on the Board of the Bank since October 22, 2022.
Ashok Vaswani, Managing Director & CEO of Kotak Mahindra Bank, welcomed the decision, stating that the bank is at an exciting juncture of growth and transformation, and looks forward to Mr. Rajan’s continued leadership and strategic vision to deliver sustainable value to stakeholders. Mr. Rajan expressed his honor to continue serving as Chairman and looks forward to working closely with the Board and management to strengthen the bank’s position and deliver value to all stakeholders.
Mr. Rajan is an accomplished leader with 46 years of experience in public life. He is a Post Graduate in History and an IAS officer of the 1978 batch, who retired as the Chief Secretary of the Government of Rajasthan in 2016. He has served in leadership roles for 12 years in key infrastructure sectors, including energy, highways, water resources, and industry. He has also served on inter-disciplinary teams for review of World Bank agriculture projects and as a consultant to the World Bank.
After his retirement, Mr. Rajan served as Deputy Chairman in the Chief Minister of Rajasthan’s Advisory Council and was appointed by the Government of India on the Board of Infrastructure Leasing and Financial Services Limited (IL&FS). He has also been an Independent Director on the Board of Kotak Mahindra Life Insurance Company Limited, a wholly-owned subsidiary of the bank. With his rich experience and expertise, Mr. Rajan’s reappointment is expected to bring stability and guidance to the bank as it navigates its next phase of growth and transformation.