Current Affairs - Persons - Discussion

Mahesh Kumar Jain took charge as the fourth Deputy Governor of the Reserve Bank of India (RBI). Mahesh Kumar Jain was the MD & CEO of IDBI Bank before being appointed as Deputy Governor of RBI. The government has appointed him as the Deputy Governor of the RBI for a term of three years. He succeeds SS Mundra who retired in August 2017. As Deputy Governor of RBI, Mahesh Kumar Jain will handle the Department of Banking Supervision, Department of Co-operative Banking Supervision, Department of Non-Banking Supervision, Central Security Cell, Department of Corporate Services including Document Management System, Rajbhasha Department, Consumer Education and Protection Department, Financial Inclusion and Development Department and Premises Department.