Mahesh Kumar Jain is an Indianbanker. He served as a Deputy Governor of the Reserve Bank of India from 2018 to 2023.[1][2] He holds over 35 years of experience, including a decade in various board-level positions. During his tenure, he oversaw the supervision of banks. He played a pivotal role in fostering economic growth through financial inclusion initiatives. Previously, Mr Jain had an illustrious career in commercial banking, including heading two banks, viz. IDBI Bank (2017–18) and Indian Bank (2015-17).
Mahesh Kumar Jain was born on May 5, 1961. He pursued his education at esteemed institutions, earning post-graduate degrees in Commerce and Business Administration from FMS, Delhi. He also holds professional certifications, including Certified Associate of the Indian Institute of Bankers (CAIIB), Financial Risk Manager (FRM), and Chartered Financial Analyst (CFA).
Careeredit
Mr. Jain's illustrious banking career spans over 35 years, marked by significant contributions to various financial institutions. He held key leadership roles in commercial banking. Jain served as the MD & CEO of IDBI Bank before being appointed as the Deputy Governor of the Reserve Bank Of India. Before joining IDBI Bank, he headed Indian Bank.[2][3] His leadership at these institutions was characterised by strategic reforms and operational excellence.
Appointed as the Deputy Governor of the Reserve Bank of India (RBI) in June 2018, Mr. Jain assumed responsibility for supervising banks and ensuring financial stability. His tenure coincided with challenging economic conditions, including the twin balance sheet problem and the liquidity crisis in the non-banking financial sector.
Achievements and contributionsedit
Despite facing formidable challenges, Mr. Jain's proactive leadership and innovative strategies earned him the title of 'The Turnaround Banker.' He spearheaded initiatives to address systemic risks, enhance regulatory oversight, and promote financial inclusion. His tenure witnessed significant reforms aimed at rescuing distressed banks and streamlining supervision processes.
Under Mr. Jain's reign, banks under his purview experienced revitalisation and growth. At IDBI Bank and Indian Bank, he implemented structural reforms, focused on retail banking, and attracted strategic investors to bolster capital adequacy. His efforts were recognised with prestigious awards, including the 'Best CEO 2017 (PSU BFSI)' by India Today Group.
Other engagementsedit
In addition to his responsibilities at the RBI, Mr. Jain represented the organization at international forums such as the Basel Committee on Banking Supervision (BCBS). He also served as Vice-Chairman of the Advisory Board of the OECD International Network on Financial Education (INFE), contributing to global financial literacy initiatives.
Mr. Jain's contributions extend to academic and research institutions, where he played significant roles. He served on the Governing Council of the Centre for Advanced Financial Research and Learning (CAFRAL) and the Indira Gandhi Institute of Development Research (IGIDR), fostering research and development in financial studies.
Mahesh Kumar Jain's distinguished career and contributions to the banking sector reflect his commitment to financial stability, regulatory excellence, and inclusive growth. His leadership continues to inspire the generation of bankers and policymakers, leaving a legacy in India's financial landscape.
Referencesedit
^"Who is M K Jain? Know all about RBI Governor Urjit Patel's newest deputy". 4 June 2018.
^Mehta, Sangita (27 June 2018). "RBI Dy Governor Mahesh Kumar Jain: A turnaround banker at mint street". The Economic Times.
January 01, 1970
mahesh, kumar, jain, indian, banker, served, deputy, governor, reserve, bank, india, from, 2018, 2023, holds, over, years, experience, including, decade, various, board, level, positions, during, tenure, oversaw, supervision, banks, played, pivotal, role, fost. Mahesh Kumar Jain is an Indian banker He served as a Deputy Governor of the Reserve Bank of India from 2018 to 2023 1 2 He holds over 35 years of experience including a decade in various board level positions During his tenure he oversaw the supervision of banks He played a pivotal role in fostering economic growth through financial inclusion initiatives Previously Mr Jain had an illustrious career in commercial banking including heading two banks viz IDBI Bank 2017 18 and Indian Bank 2015 17 Mahesh Kumar JainDeputy Governor of Reserve Bank of IndiaIn office June 22 2018 2018 06 22 June 26 2023 2023 06 26 GovernorUrjit Patel Shaktikanta DasPreceded byS S MundraSucceeded bySwaminathan JanakiramanPersonal detailsBorn 1961 05 05 May 5 1961 age 62 Contents 1 Early life and education 2 Career 2 1 Achievements and contributions 3 Other engagements 4 ReferencesEarly life and education editMahesh Kumar Jain was born on May 5 1961 He pursued his education at esteemed institutions earning post graduate degrees in Commerce and Business Administration from FMS Delhi He also holds professional certifications including Certified Associate of the Indian Institute of Bankers CAIIB Financial Risk Manager FRM and Chartered Financial Analyst CFA Career editMr Jain s illustrious banking career spans over 35 years marked by significant contributions to various financial institutions He held key leadership roles in commercial banking Jain served as the MD amp CEO of IDBI Bank before being appointed as the Deputy Governor of the Reserve Bank Of India Before joining IDBI Bank he headed Indian Bank 2 3 His leadership at these institutions was characterised by strategic reforms and operational excellence Appointed as the Deputy Governor of the Reserve Bank of India RBI in June 2018 Mr Jain assumed responsibility for supervising banks and ensuring financial stability His tenure coincided with challenging economic conditions including the twin balance sheet problem and the liquidity crisis in the non banking financial sector Achievements and contributions edit Despite facing formidable challenges Mr Jain s proactive leadership and innovative strategies earned him the title of The Turnaround Banker He spearheaded initiatives to address systemic risks enhance regulatory oversight and promote financial inclusion His tenure witnessed significant reforms aimed at rescuing distressed banks and streamlining supervision processes Under Mr Jain s reign banks under his purview experienced revitalisation and growth At IDBI Bank and Indian Bank he implemented structural reforms focused on retail banking and attracted strategic investors to bolster capital adequacy His efforts were recognised with prestigious awards including the Best CEO 2017 PSU BFSI by India Today Group Other engagements editIn addition to his responsibilities at the RBI Mr Jain represented the organization at international forums such as the Basel Committee on Banking Supervision BCBS He also served as Vice Chairman of the Advisory Board of the OECD International Network on Financial Education INFE contributing to global financial literacy initiatives Mr Jain s contributions extend to academic and research institutions where he played significant roles He served on the Governing Council of the Centre for Advanced Financial Research and Learning CAFRAL and the Indira Gandhi Institute of Development Research IGIDR fostering research and development in financial studies Mahesh Kumar Jain s distinguished career and contributions to the banking sector reflect his commitment to financial stability regulatory excellence and inclusive growth His leadership continues to inspire the generation of bankers and policymakers leaving a legacy in India s financial landscape References edit Who is M K Jain Know all about RBI Governor Urjit Patel s newest deputy 4 June 2018 a b Reserve Bank of India Press Releases Mehta Sangita 27 June 2018 RBI Dy Governor Mahesh Kumar Jain A turnaround banker at mint street The Economic Times Retrieved from https en wikipedia org w index php title Mahesh Kumar Jain amp oldid 1213392317, wikipedia, wiki, book, books, library,
