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