Banking veteran Mahesh Kumar Jain is new IDBI bank MD and CEO

NEW DELHI: IDBI bank has appointed Mahesh Kumar Jain as the Managing Director & CEO with immediate effect. Before his role in IDBI, Jain was the Managing Director & Chief Executive Officer of Indian Bank.

Jain joined Indian Bank as an executive director in September 2013 where he handled several key portfolios. Prior to joining Indian Bank, Jain served as general manager with Syndicate Bank. He began his banking career with Punjab National Bank.

He was also a member of the steering committee on Risk Management of IBA and a member of the IBA working group on risk management and implementation of Basel II and III. He was also the secretary & coordinator to Basant Seth Committee on review & revamp of internal & concurrent audit system in PSBs.

At present, he is a member of the NIBM governing board, PGDM executive council of NIBM, CII national committee on Banking 2016-17 and CII national council on financial sector development 2016-17.