Srinagar- Jammu & Kashmir government has withdrawn nomination of Zubair Iqbal as director from the Board of Directors of Jammu & Kashmir Bank.
“Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to intimate that Mr. Zubair Iqbal , Govt. nominee Director (DIN:08742685) has ceased to be the Director of the Board of Bank consequent upon withdrawal of his nomination by the Government of Jammu & Kashmir,” reads an official document, according to news agency KNO.
This information was submitted by Muhammad Shafi Mir, company secretary, J&K Bank to National Stock Exchange of India Limited and BSE Limited.
Zubair Iqbal was nominated as the first managing director of J&K Bank in May last year but his appointment was not cleared by the Reserve Bank of India.
He was nominated as the first managing Director of J&K Bank after a rigorous process of selection overseen by a high- level three-member committee under chairmanship of Tapan Ray, ex -Union Corporate Affairs Secretary, Arun Kumar Mehta, Financial Commissioner, Anand Madhukar, Officer on Special Duty, Department of Financial Services, Ministry of Finance, Government of India.
Follow this link to join our WhatsApp group: Join Now
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. |
| ACT NOW |
| MONTHLY | Rs 100 |  |
| YEARLY | Rs 1000 | |
| LIFETIME | Rs 10000 | |
