Kotak Mahindra Bank Limited (KMBL) announced on Friday that the Reserve Bank of India (RBI) has approved the reappointment of Mr. C S Rajan as Part-Time Chairman for a term spanning January 1, 2026, to October 21, 2027, under Section 10(B)(1A)(i) of the Banking Regulation Act, 1949. Mr. Rajan, an Independent Director on the bank’s board since October 2022, has served as Part-Time Chairman since January 2024. With 46 years of experience in public administration, infrastructure, agriculture, and finance, including his tenure as Chief Secretary of Rajasthan and leadership roles at IL&FS, Mr. Rajan brings strategic depth to Kotak’s governance.
Kotak MD & CEO, Mr. Ashok Vaswani, said, “As we navigate our next phase of growth, Mr. Rajan’s leadership will help deliver sustainable value to stakeholders.” Mr. Rajan expressed his commitment to working closely with the board and management to strengthen the bank’s position.
In Kolkata, Kotak Mahindra Bank has been expanding its presence in retail and corporate banking, seeing steady growth in deposits, loans, and customer engagement. Market analysts believe Rajan’s reappointment will boost investor confidence and reinforce the bank’s competitive edge in the Eastern region, particularly as it leverages digital banking initiatives and financial inclusion programs.
