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Home > Mumbai > Mumbai News > Article > RBI Deputy Governor MK Jain gets two year extension

RBI Deputy Governor MK Jain gets two-year extension

Updated on: 09 June,2021 09:59 PM IST  |  Mumbai
PTI |

Mahesh Kumar Jain was appointed as deputy governor for three years in June 2018. Before joining the Reserve Bank of India, he was managing director of IDBI Bank

RBI Deputy Governor MK Jain gets two-year extension

Reserve Bank of India

The Reserve Bank on Wednesday said the government has extended the tenure of Deputy Governor Mahesh Kumar Jain for two years.


"The Central Government has re-appointed Shri Mahesh Kumar Jain as Deputy Governor, Reserve Bank of India for a period of two years with effect from June 22, 2021, or until further orders, whichever is earlier, upon completion of his existing term on June 21, 2021," the central bank said in a statement.


Jain was appointed as deputy governor for three years in June 2018.


Also read: RBI keeps policy rate unchanged for 6th time in a row; cuts growth forecast to 9.5 per cent

Before joining the Reserve Bank of India, he was managing director of IDBI Bank.

The other three serving deputy governors are Michael Patra, M Rajeshwar Rao and T Rabi Sankar.

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