Zubair Iqbal appointed MD J-K Bank, Chibber to continue as chairman
- The Jammu and Kashmir administration approved the appointment of senior vice president of HDFC Bank Zubair Iqbal as the new managing director of Jammu and Kashmir Bank.
- R K Chibber will continue as the bank’s chairman for the next three years.
- Iqbal will have a three-year tenure.
- “Consequent to the above (decision of appointment), the board of J&K bank may appoint him (Iqbal) as managing director of J&K bank,”.
- Chibber, who is currently MD and Chairman of J&K bank, has been reappointed as the chairman for the period of three years.
- Both of them were appointed as director and nominee of the government in the J&K Bank Board.
- On June 10 last year, the Reserve Bank had approved the appointment of Chibber as interim CMD of Jammu and Kashmir Bank for three months following the removal of Parvez Ahmed from the post by the then state government.
- He received a month’s extension in September 2019 to continue as the bank’s interim CMD, followed by a six-month extension in October last year.
- Ahmed was removed by the erstwhile state government on alleged charges of corruption, nepotism and favouritism
About J&K Bank-
- Jammu and Kashmir Bank is a J&K – based private sector banking and financial services company. It is a privately owned bank with majority owned state share with its headquarters in Srinagar, Jammu and Kashmir, India
- Founded – 1 October 1938
- Headquarters – Srinagar, Jammu and Kashmir
- Tagline – Serving to Empower
- Chairman – Chibber
- MD – Zubair Iqbal
जीके और दैनिक करेंट अफेयर्स अपडेट हिंदी में प्राप्त करें – क्लिक करें
Attempt Free Mock Tests & Get Free eBooks
