Kotak Mahindra Bank to Appoint Mr. C S Rajan, as Part-Time Chairman
Mumbai, 27th December 2023.
Kotak Mahindra Bank Limited (‘Kotak’ or ‘the Bank’) today announced that the Reserve Bank of India (RBI) has approved the appointment of Mr.C S Rajan, Independent Director of the Bank, as the Part-time Chairman, for a period of two years, effective1stJanuary 2024.
Mr. Rajan’s appointment as the next Part-time Chairman of the Bank’s Boardfollows the retirement of the incumbent Part-time Chairman, Mr Prakash Apte, whose term expires on 31st December 2023.
Mr. C S Rajan is a successful leader with over 40 years of experience across significant government portfolios. He was appointed as an Independent Director on the Board of the Bank, with effect from 22ndOctober 2022. An IAS officer of 1978 batch,he retired as Chief Secretary of the Government of Rajastha...