The Reserve Bank of India has approved the appointment of CS Rajan as the part-time Chairman of Kotak Mahindra Bank for a two-year term starting January 1, 2024. Rajan, an IAS officer of the 1978 batch, currently serves as an Independent Director on the bank’s board and retired as the Chief Secretary of the Government of Rajasthan in 2016. He replaces Prakash Apte, whose term expires on December 31, 2023.
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