The Modi government on Wednesday re-appointed Mahesh Kumar Jain as the Deputy Governor of the Reserve Bank of India (RBI) for a period of two years with effect from June 22, 2021 upon completion of his existing term on June 21, 2021.
Jain was first appointed as the Deputy Governor of RBI in June 2018 for a period of three years.
Before joining the central bank, Jain was managing director of IDBI Bank. He also served as MD and CEO of Indian Bank from November 2015 to March 2017.
The other three serving deputy governors of the Reserve Bank are — are Michael Patra, M Rajeshwar Rao and T Rabi Sankar.