Title:M.K. Jain is Deputy Governor of RBI

The government on Monday appointed IDBI Bank MD and CEO, M.K. Jain, as Deputy Governor of the Reserve Bank of India in place of S.S. Mundra, who had completed his three-year term in July.

印度政府周一任命IDBI Bank MD和首席执行官M.K.Jain代替7月份任期3年的S.S.Mundra。

Mahesh Kumar Jain began his career in Punjab National Bank and later moved to Syndicate Bank before becoming an ED, and later head of Indian Bank.

Mahesh Kumar Jain在旁遮普国家银行开始了他的职业生涯，后来转入综合银行，后来成为ED，后来成为印度银行行长。

Significantly, in 2016-17, when most public sector banks were facing the heat of rising bad loans, leading to investors dumping stocks, Indian Bank was a notable exception. The Chennai-headquartered bank was then headed by Mr. Jain and the performance of the bank did not go unnoticed by investors and the government. Indian Bank's bad loans were (and continue to be) among the lowest among PSBs.

值得注意的是，2016-17年，当大多数公共部门银行面临不良贷款不断上升的压力，导致投资者倾销股票时，印度银行就是一个明显的例外。Jain和该银行的业绩并未被投资者和政府忽视，印度银行的不良贷款是（并且继续）是私营银行中最低的。

CEO swap

CEO 交换

In a somewhat unprecedented move, the Centre swapped the chief executives of Indian Bank and IDBI Bank, which saw Mr. Jain taking over as the CEO and MD of IDBI Bank in April 2017.

该中心采取了某种前所未有的行动，交换了印度银行和IDBI银行的首席执行官，Jain先生于2017年4月接任国际清算银行首席执行官兼董事。

IDBI Bank was hit by a rise in bad loans. Within a month of Mr. Jain joining IDBI Bank, the banking regulator placed it under its prompt corrective action framework that imposes certain restrictions on the lender.

在Jain加入国际清算银行后一个月内，银行监管机构将它置于其迅速纠正行动框架之下，该框架对贷款人规定了某些限制。

Banking industry sources said Mr. Jain was appointed to head the erstwhile infrastructure financier to help change its fortunes, and eventually enable the Centre to sell its stake at a premium.

银行业人士表示，Jain先生被任命为前基础设施金融家负责人，帮助其改变财富，并最终使该中心能够以高价出售其股权。

While IDBI Bank widened its loss in FY18 (its gross NPA was close to 28% but the loan-loss ratio improved to a healthy 63.4%), the books of the bank have been cleaned up to a great extent and the lender is expecting to stage a turnaround in the second half of the current fiscal, the sources said. Mr. Jain's appointment to the RBI also comes in the wake of the Centre opening up the vacancy to professionals from the private sector as well as from the government.As a result, applications were received from candidates in private and foreign banks and also from bureaucrats.

There was a clamour for appointing a bureaucrat as it was felt that more coordination was needed between North Block and Mint Road in the wake of the banking industry's rising non-performing assets.

What may have tilted the scales in favour of Mr. Jain is his commercial banking experience of 30 years and whose core competence has been in risk management. At the RBI, where Mr. Jain is expected to handle banking supervision, his experience will come handy.

In Indian Bank, Mr. Jain handled key portfolios such as corporate & retail Credit, Risk Management, Technology Management, among others.

在印度银行，Jain先生负责主要业务，如公司与零售信贷、风险管理、技术管理等。

In Syndicate Bank, where he served as general manager handled various portfolios, including credit, operations, investments, risk management. He is a Post Graduate in Commerce and holds Professional Qualifications like CAIIB, CFA, MBA and FRM.

在辛迪西银行，他担任总经理，负责各类业务，包括信贷、业务、投资、风险管理，毕业于商务，并持有类似CAIB、CFA、MBA和FRM的专业资格证书。