New Delhi, Dec 27 (PTI) Kotak Mahindra Bank on Wednesday said the Reserve Bank has approved the appointment of C S Rajan as chairman for two years.

His appointment comes into effect from January 1, 2024, Kotak Mahindra Bank said in a regulatory filing.

Also Read | SBI Clerk Prelims 2023: Exam Schedule Released For Recruitment of 8283 Posts at sbi.co.in, Check Details.

Rajan's appointment as the next part-time chairman of the board follows the retirement of incumbent Prakash Apte, whose term expires on December 31, 2023.

Rajan was appointed as an Independent Director on the board of the bank, with effect from October 22, 2022, it said.

Also Read | Allahabad High Court Recruitment 2023: Vacancies Notified for 83 Advocate Posts, Apply Online at allahabadhighcourt.in From January 15.

An IAS officer of the 1978 batch, he retired as Chief Secretary of the Government of Rajasthan in the year 2016.

He served in leadership roles for 12 years in key infrastructure sectors such as energy, highways, water resources and industry, including small scale industries (SSI)/Micro, Small & Medium Enterprises (MSME), and worked for 14 years in agriculture and rural development sector, it said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)