New Delhi: Jammu & Kashmir Bank on Wednesday said the RBI has extended the term of RK Chhibber as the Chairman and Managing Director for a period of six months.
“We wish to intimate that the Reserve Bank of India has extended the term of R K Chhibber, Chairman and Managing Director of the bank by a further period of six months with effect from 10th October, 2020 or till the appointment of MD & CEO, whichever is earlier,” Jammu & Kashmir Bank said in a regulatory filing.
In June 2019, the Reserve Bank had approved the appointment of R K Chhibber as interim Chairman and Managing Director (CMD) of Jammu and Kashmir Bank, following the removal of Parvez Ahmed from the post by the state government.
Chhibber got a few extensions as the interim CMD of the bank before being appointed as the full-time CMD with effect from October 10, 2019, for a period of six months. Thereafter, he has been approved by the RBI to continue as the CMD of Jammu & Kashmir Bank for various tenures.
Shares of Jammu & Kashmir Bank closed at Rs 15.09 a piece on BSE, down 0.13 per cent from the previous close
Be Part of Quality Journalism
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.