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RBI appoints IDBI Bank CEO as deputy governor

IDBI Bank, Financial Risk Manager, Chartered Financial Analyst, Certified Associate of Indian Institute of Banking, Indian Bank, Exim Bank, National Institute of Bank Management, Institute of Banking Personnel Selection, Department of Financial Services, RBI, Reserve Bank of India
State-owned IDBI Bank CEO Mahesh Kumar Jain is appointed deputy governor of the Reserve Bank of India

Rajeev Kumar, who is currently the secretary in the Department of Financial Services at the Ministry of Finance, said in a tweet, Mahesh Kumar Jain is appointed for a term of three years.

Mr Jain has profound knowledge for over 30 years in the banking sector, and has been the board member of Exim Bank, NIBM (National Institute of Bank Management) and IBPS (Institute of Banking Personnel Selection) in the past.

Mr Jain’s banking career was first started with Punjab National Bank. Prior to his position with IDBI Bank, he was the managing director and CEO of Indian Bank from November 2015 to March 2017.

According to NDTV, he has also served as general manager at Syndicate Bank. In addition to degrees in MBA and Mcom, Mr Jain’s educational qualifications include CAIIB (Certified Associate of Indian Institute of Banking), a CFA (Chartered Financial Analyst) and an FRM (Financial Risk Manager).

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