IDBI Bank Ltd.
Shri Mahesh Kumar Jain has assumed charge as Managing Director & CEO of IDBI Bank on April 3, 2017. Prior to the present assignment, Shri Jain was holding the post of Managing Director & CEO, Indian Bank since November 2, 2015. Preceding that, he was Executive Director of the Bank from September 2013 and was holding additional charge as MD&CEO since 10th June 2015, before being appointed as MD&CEO.
Shri Jain, a Professional Banker having more than 30 years experience, served at various positions in Punjab National Bank, Syndicate Bank and Indian Bank across multiple areas that include Corporate & Retail Credit, Risk Management, Credit Monitoring including Corporate Debt Restructuring, Business Process Re-engineering, Treasury & International Banking.
Since joining Indian Bank, Shri Jain had made significant contribution towards making the Bank ‘strong and stable’. Under his stewardship, various initiatives and reforms with far reaching positive ramifications were implemented. These efforts culminated in transforming Indian Bank as one of the best performing Public Sector Banks in the country.
As a reiteration of its standing, Indian Bank was conferred with Financial Express Award as Best Bank for ‘Strength & Soundness’. The Market Capitalisation rose more than 3 times and the Bank emerged as Asia’s top performing Bank stock. Indian Bank improved its financial position in all parameters like capital adequacy, profitability and asset quality. Indian Bank was rated one of the Top Performing Banks in the Industry consecutively for the last 3 years by various Rating Agencies.
During Shri Jain’s stewardship, flurry of Awards were conferred on Indian Bank for crucial areas like Technology, Agriculture, Urban and Rural banking, SHG Bank linkage, etc.
Shri Jain was the Secretary & Coordinator to Basant Seth Committee on Review & Revamp of Internal & Concurrent Audit System in PSBs. He was a member of Government constituted Committee on Public Interest Litigation on NPAs for submission to Hon’ble Supreme Court. Also, Shri Jain served as a member in the IBA Committee constituted by Government of India for redesigning the APAR of Officers of Public Sector Banks.
At present, Shri Jain is a member of the NIBM Governing Board, PGDM Executive Council of NIBM, CII National Committee on Banking 2016-17, CII National Council on Financial Sector Development 2016-17 and IBPS Governing Board.
Shri Jain is a Post Graduate in Commerce and holds Professional Qualifications like CAIIB, CFA, MBA and FRM.