Mahesh Kumar Jain appointed as Deputy Governor of RBI for three years

The CEO and Managing Director of IDBI Bank Mahesh Kumar Jain has now been appointed as the Deputy Governor of Reserve Bank of India (RBI) for a term of three years. 

Jain was appointed as IDBI's MD and CEO of IDBI bank in April 2017 before which he was Managing Director & Chief Executive Officer of Indian Bank. 

Jain joined Indian Bank as an executive director in September 2013 where he handled several key portfolios. Prior to joining Indian Bank, Jain served as general manager with Syndicate Bank. He began his banking career with Punjab National Bank. 

He was previously a member of the steering committee on Risk Management of IBA and a member of the IBA working group on risk management and implementation of Basel II and III.