Government Appoints Mahesh Kumar Jain As Deputy Governor Of RBI

| June 4 , 2018 , 14:37 IST

The Central Government has appointed Mahesh Kumar Jain, MD & CEO of IDBI Bank, appointed as Deputy Governor of Reserve Bank of India (RBI) for a term of three years. This was announced by Rajeev Kumar, Secretary Department of Financial Services in the Ministry of Finance. He tweeted, “Govt. appoints experienced banker Mahesh Kumar Jain, MD & CEO of IDBI Bank as Dy. Governor, RBI for a term of three years.”

Jain who is currently serving as the MD and CEO of IDBI Bank has had a 30-year of banking experience in diverse areas, spread across different roles. He previously served as the MD and CEO of Indian Bank from November 2015 to March 2017.

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Jain has also served on the board of Exim Bank, National Institute of Banking Management and the Institute of Banking Personnel Selection. He has served on multiple banking sector committees notably as a Member of the Government constituted ‘Committee on PIL on NPAs for submission to the Supreme Court’ and as Secretary cum Coordinator to Basant Seth Committee on ‘Review and Revamp of Internal and Concurrent Audit System in PSBs.

After his joining Mahesh Kumar Jain will become the fourth deputy Governor of RBI under Urijit Patel. The other three deputy Governors are BP Kanungo, Viral V. Acharya, and NS Vishwanathan