RBI Clears Reappointment of C.S. Rajan as Kotak Mahindra Bank Chairman Till 2027

The Reserve Bank of India has approved the reappointment of C.S. Rajan as part-time chairman of Kotak Mahindra Bank Ltd. till October 21, 2027, the lender said on Saturday. Rajan was first appointed as part-time chairman on January 1, 2024, for a two-year term.

Rajan has been an independent director on the bank’s board since October 22, 2022. A former chief secretary of the Rajasthan government, he has over four decades of experience across administration, agriculture, and rural development. He also served as non-executive chairman of IL&FS from October 2022 to September 2024.