Rajan has been serving as Half-Time Chairman since January 1, 2024, following his appointment as an Unbiased Director on the Financial institution's Board in October 2022.
Commenting on the RBI's approval, Ashok Vaswani, Managing Director and CEO of Kotak Mahindra Financial institution, mentioned, “Kotak Mahindra Financial institution stands at an thrilling juncture of progress and transformation. As we navigate our subsequent part of progress, we look ahead to Mr. Rajan's continued management and strategic imaginative and prescient, which is able to assist us ship sustainable worth to our stakeholders.”
C S Rajan expressed gratitude for the continued belief positioned in him, stating, “I'm honoured to proceed serving as Chairman of Kotak Mahindra Financial institution. I look ahead to working carefully with the Board and administration to additional strengthen the Financial institution's place and ship worth to all stakeholders.”
Rajan's reappointment extends a profession that spans over 4 a long time in public service and company management. “Put up Graduate in Historical past, is an achieved chief with 46 years of expertise in public life. An IAS officer of the 1978 batch, Mr. Rajan retired because the Chief Secretary of the Authorities of Rajasthan in 2016. He served in management roles for 12 years in key Infrastructure sectors, similar to, Power, Highways, Water Sources and Trade, together with SSI / MSME and loved a protracted stint of 14 years in Agriculture and Rural Improvement,” the discharge mentioned.
After retirement, Rajan continued to play key roles in governance and company restructuring. He served as Deputy Chairman of the Chief Minister of Rajasthan's Advisory Council and later joined the Authorities of India-appointed Board of Infrastructure Leasing and Monetary Companies Restricted (IL&FS), the place he held a number of senior positions, together with Managing Director and later Non-Government Chairman till September 2024.Rajan additionally serves as an Unbiased Director on the Board of Kotak Mahindra Life Insurance coverage Firm Restricted, a completely owned subsidiary of the Financial institution.
