RBI Deputy Governor Mahesh Kumar Jain gets an extension


RBI Deputy Governor Mahesh Kumar Jain gets an extension

On 9th June 2021, the government has extended the tenure of Deputy Governor Mahesh Kumar Jain for two years with effect from June 22, 2021. He was appointed as deputy governor for three years in June 2018.

  • Jain’s term as RBI Deputy Governor was to be ended on June 21, 2021. now, will continue serving till June 22, 2021.
  • The other three serving RBI’s deputy governors are Michael Patra, M Rajeshwar Rao, and T Rabi Sankar.

RBI has said in the statement:

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.

Reserve Bank of India:

The Reserve Bank of India (RBI) is India’s central bank and regulatory body under the jurisdiction of the Ministry of Finance, Government of India. RBI is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system.

Static GK Question on RBI:

Headquarters: Mumbai
Founder: British Raj
Founded: 1 April 1935, Kolkata
Governor: Shaktikanta Das


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