Mahesh Kumar Jain is IDBI Bank's new MD, CEO
Mahesh Kumar, former managing director and chief executive officer, Indian Bank, has assumed charge as the managing director and CEO of IDBI Bank from Tuesday. In his previous assignment at Indian Bank, Jain handled key portfolios such as corporate and retail credit, SME credit, risk management, recovery and legal, accounts, technology management, banking operations department, business process re-engineering and compliance (अनुपालन) department. He has been a member of the Steering Committee on Risk Management at Indian Bank Association and a member of its working group on risk management and implementation(कार्यान्वयन) of Basel II and III. On Monday, the shares of IDBI Bank closed at Rs 75.90, up 80 paise or 1.07% from previous close.