RBI grants 6-month extension to Chhibber

Excelsior Correspondent
JAMMU, Mar 31: Reserve Bank of India (RBI) has extended the term of R K Chhibber as Chairman and Managing Director (CMD) J&K Bank for a period of six months.
Reliable sources in RBI told Excelsior, “the approval of extension was sent to the office of Jammu and Kashmir Bank today and the extension will be with effect from April 10, 2021 when the previous extension comes to an end.”
As per Regulation 30 of SEBI (Listing Obligations and Disclouser Requirements) Regulations, 2015, the J&K Bank also informed the stock exchange (NSE & BSE) about the extension of term of Chhibber.