The Reserve Bank of India (RBI) has approved the reappointment of C S Rajan as Part-Time Chairman of Kotak Mahindra Bank Limited for another term, starting from January 1, 2026, until October 21, 2027. Rajan has been serving as Part-Time Chairman since January 1, 2024, and was initially appointed as an Independent Director on the Bank’s Board in October 2022. The announcement was made by Kotak Mahindra Bank in an official press release, marking a continuation of Rajan’s leadership at the private lender.
Ashok Vaswani, Managing Director and CEO of Kotak Mahindra Bank, expressed his appreciation for Rajan’s continued leadership, stating that the bank is at an exciting juncture of growth and transformation. Vaswani added that Rajan’s strategic vision will help the bank deliver sustainable value to its stakeholders. Rajan, in turn, expressed his gratitude for the continued trust placed in him and looks forward to working closely with the Board and management to further strengthen the bank’s position.
Rajan’s reappointment extends a career that spans over four decades in public service and corporate leadership. He is a postgraduate in History and has 46 years of experience in public life, including 12 years in key infrastructure sectors and 14 years in agriculture and rural development. After retiring as the Chief Secretary of the Government of Rajasthan in 2016, Rajan continued to play key roles in governance and corporate restructuring, including serving as Deputy Chairman of the Chief Minister of Rajasthan’s Advisory Council and holding senior positions at Infrastructure Leasing and Financial Services Limited (IL&FS).
In addition to his role at Kotak Mahindra Bank, Rajan also serves as an Independent Director on the Board of Kotak Mahindra Life Insurance Company Limited, a wholly-owned subsidiary of the bank. With his extensive experience and leadership skills, Rajan is well-positioned to guide Kotak Mahindra Bank through its next phase of growth and transformation. The bank’s management and stakeholders are likely to benefit from his continued leadership and strategic vision, as the bank navigates the evolving landscape of the Indian banking industry.