People: new RBI deputy; Ingves to chair Toronto Centre

Stefan Ingves

India: A new deputy governor at the Reserve Bank of India, Mahesh Kumar Jain, took over his new responsibilities on June 22.

The Indian government had appointed him for a three-year term on June 4. Before joining the RBI, Jain had acted as managing director and chief executive of IDBI Bank.

Jain holds a master’s degree in commerce and business administration, as well as chartered financial analyst and financial risk management qualifications.

As deputy governor, he manages the departments of

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