Mahesh Jain appointed as RBI deputy governor

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

  1. Jain, who is also the managing director of the state-run lender, had previously led Indian Bank for a couple of years.
  2. Jain will fill the post vacated by S S Mundra, who had completed his three-year term in July last year.
  3. Other serving Deputy Governors are Viral V Acharya, N S Vishwanathan and B P Kanungo.

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