RBI Deputy Governor MK Jain gets 2-year extension

By: |
June 09, 2021 10:26 PM

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

RBIIn February this year, the RBI had issued a circular mandating the RBIA framework for select non-banking financial companies (NBFCs) and urban co-operative banks by March 31, 2022.

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.

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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