• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Govt appoints IDBI Bank CEO Mahesh Jain as RBI deputy governor

By Deepika
|

The government on Monday appointed IDBI Bank Ltd Chief Executive Officer Mahesh Kumar Jain as a deputy governor of the Reserve Bank of India (RBI) for three years.

Image for representation only

Rajeev Kumar, secretary, Department of Financial Services (DFS) announced that Jain has been appointed to the position of deputy governor for a period of 3 years.

The RBI already has three deputy governors under Urjit Patel -- BP Kanungo, Viral V. Acharya, and NS Vishwanathan. Jain will be the fourth.

The appointment comes after nearly ten months of his predecessor SS Mundra's term ended.

Jain has been the managing director and chief executive officer of IDBI Bank Ltd. since April 2017.

Jain has also served on several banking sector committees and involved in risk management efforts at an industry level.

He has also been a member of the Indian Banks' Association (IBA) committee on risk management, committee on PIL on NPAs for submission to Supreme Court and redesigning annual performance appraisal reports of public sector bank officers.

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more