J&K Bank appoints R.K Chibber as its new Interim CMD

RBI approved the appointment of R.K Chhibber as new Interim Chairman cum Managing Director of Jammu and Kashmir (J&K) Bank.
The Government of J&K has removed Parvez Ahmad from the post.
R.K Chibber will replace Parvez Ahmad, who was appointed as the Chairman in 2016.
The J&K Bank was founded on 1st October 1938 under letters patent issued by the Maharaja of Jammu and Kashmir, Maharaja Hari Singh.
The Governor-led State Administrative Council (SAC) had approved the proposal for treating J&K Bank as a PSU on 22 November 2018.

Published On : 11 Jun 2019