JAMMU, Dec 28: The Board of Directors of Jammu and Kashmir Bank has appointed Baldev Prakash as Managing Director and Chief Executive Officer (MD & CEO) of the Bank for a period of three years from the date of taking charge.
The Board has also appointed RK Chhibber as an Additional Director on the Board of the Bank from the date Baldev Prakash takes charge as MD & CEO.
The Board has also approved the appointment of Balvir Singh Gandhi as the Chief Financial Officer (CFO) of the Bank in place of Rajni Saraf for a period of three years with effect from today.
In October this year, the RBI had approved the appointment of Prakash as the next MD&CEO of J&K Bank. His appointment was slated from the date of taking charge or April 10, 2022, whichever earlier.
Prakash has over 30 years of experience in banking in various roles at small and large size branches at SBI. He had joined SBI as a Probationary Officer in 1991 and he is currently the Chief General Manager (Digital and Transaction Banking Marketing Department) at SBI, Mumbai.
Presently, RK Chhibber is the Chairman and Managing Director of J&K Bank, who assumed the charge in June 2019.
J&K Bank shares closed at Rs 35.80 apiece on BSE, up by 0.56 per cent from the previous close.