05 June 2018

MK Jain appointed RBI Deputy Governor

MK Jain appointed RBI Deputy Governor


The Centre has appointed MK Jain, Managing Director, and CEO of IDBI Bank, as the RBI’s Deputy Governor. Jain will fill a position that had been lying vacant since August 2017 after the retirement of SS Mundra. 

With the appointment of Jain, the Centre has stuck to the tradition of having a commercial banker occupy this post of RBI Deputy Governor (reserved for bankers). The central bank now has four serving RBI Deputy Governors. Jain has been appointed for a term of three years.

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Urjit Patel is Present Governor of RBI.
  • RBI's Deputy Governor- NS Vishwanathan, Viral V Acharya, BP Kanungo and newly appointed MK Jain.
Source- The Hindu Business Line



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