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The government has appointed Mahesh Kumar Jain, managing director and chief executive officer of IDBI Bank as a deputy governor of the Reserve Bank of India. Rajeev Kumar, secretary, Department of Financial Services (DFS) announced that Jain has been appointed to the position of deputy governor for a period of 3 years. The RBI already has three deputy...

Sudha Balakrishnan has been appointed as the first chief financial officer (CFO) of the Reserve Bank. Balakrishnan, a chartered accountant, will hold the rank of executive director. Till now, the central bank did not have a dedicated official handling the finance function, and the tasks were being carried out internally. 0000000...