RBI Clears C S Rajan’s Reappointment as Kotak Mahindra Bank Part-Time Chairman

The Reserve Bank of India (RBI) has approved the reappointment of C S Rajan as the part-time chairman of Kotak Mahindra Bank, as per the exchange filings reports. His new term will start on January 1, 2026, and continue until October 21, 2027, the bank informed in a filing.

Current Position and Responsibilities

Rajan has been serving as the part-time chairman of the bank since January 2024. He was first appointed as an independent director on the bank’s board in October 2022. He also holds a position on the board of Kotak Mahindra Life Insurance Company Limited.

Career Background

Rajan is a 1978-batch IAS officer with over four decades of administrative experience. He retired as the Chief Secretary of Rajasthan in 2016. Over his career, he has worked in various departments, including energy, highways, water resources, and industry, along with a 14-year stint in agriculture and rural development.

Public and Corporate Roles After Retirement

After his retirement from the civil services, Rajan served as the Deputy Chairman of the Chief Minister of Rajasthan’s Advisory Council in 2016. In 2018, he was appointed to the Board of Infrastructure Leasing and Financial Services (IL&FS) by the Government of India, where he later became Managing Director. His role there focused on corporate restructuring and governance.

Tenure Details

Rajan’s reappointment was cleared by the RBI for a period of nearly two years beyond his current term. The approval ensures his continuation as part-time chairman, overseeing board-level functions and governance matters at the private lender.

Read More: Kotak Mahindra Aims to Manage $10 Billion in Global Client Assets Amid EM Surge!

Kotak Mahindra Bank Share Price Performance

As of October 27, 2025, 10:25 AM, Kotak Mahindra Bank share price was trading at ₹2,160, a 1.23% decrease from the previous close.

Conclusion

With the RBI’s latest approval, Rajan will continue as part-time chairman of Kotak Mahindra Bank till October 2027. His tenure extends his ongoing association with the bank’s board, which began in 2022.

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