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He has also been a member of the Indian Banks’ Association (IBA) committee on risk management, committee on PIL on NPAs for submission to Supreme Court and redesigning annual performance appraisal reports of public sector bank officers. He began his banking career with Punjab National Bank.
Important Note : Mr. Jain will be the 4th Deputy Governor of RBI. As per the RBI Act, the central bank should have four deputy governors - two from within the ranks and one commercial banker and another an economist to head the monetary policy department.
Governor of RBI : Dr. Urjit R. Patel
Deputy Governors of RBI :
- N. S. Vishwanathan (appointed on 4th July 2016)
- Viral V. Acharya (appointed on 23rd January 2017)
- B. P. Kanungo (appointed on 3rd April 2017)
- M. K. Jain (appointed on 4th June 2018)
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