The government on Monday appointed IDBI Bank chief executive officer Mahesh Kumar Jain as the deputy governor of the Reserve Bank of India (RBI) for three years.

The decision comes ahead of the central bank's bi-annual monthly policy meeting.

Jain, who has more than 30 years' experience in the banking industry, has been the CEO and MD of IDBI Bank since April 2017 and has also served as the CEO of Chennai-based Indian Bank from November 2015 to March 2017.

Before his stint at Indian Bank, he was the general manager of Syndicate Bank.

Jain started his career with Punjab National Bank (PNB) and has over thirty years of banking experience in diverse areas and roles.

Jain has also served on the several boards including Exim Bank, NIBM, IBPS and others.

Jain has also served on several banking sector committees such as secretary and coordinator to Basant Seth Committee on Review and Revamp of Internal and Concurrent Audit System in Public Sector Banks (PSBs), member on the government-formed panels on PIL on NPAs for submission to Supreme Court and redesigning annual performance appraisal reports of PSB officers.

Jain is a post-graduate in commerce with an MBA and FRM degree.

First Published:Jun 4, 2018 3:04 PM IST