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Born in Jaipur, Jain received his Bachelor's degree in Economics, with honors, from the University of Delhi and his MBA in Finance from the University of Massachusetts Amherst.
The new round of job cuts comes on top of some 6,000 already carried out over the past year.
The report surfaces at a time when congressional and New York state authorities are investigating the relationship between Trump, his family and Deutsche Bank, and demanding documents related to any suspicious activity.
A Chartered Accountant with more than 30 years of experience, Godbole has held senior management positions in Ernst & Young, Oracle Financial Services Software (OFSS), Wipro, and Deutsche Bank.