Advertisement
Tuesday, Nov 30, 2021
Outlook.com
Outlook.com

RBI Approves Baldev Prakash As Jammu And Kashmir Bank CEO

The appointment of Baldev Prakash as MD & CEO by the Board of the Bank and the actual date of his taking charge shall be communicated separately.

RBI Approves Baldev Prakash As Jammu And Kashmir Bank CEO
RBI Approves Baldev Prakash As Jammu And Kashmir Bank CEO
outlookindia.com
2021-10-27T15:30:48+05:30

The Reserve Bank of India (RBI) on Wednesday approved the candidature of Baldev Prakash as Managing Director and Chief Executive Officer of Jammu and Kashmir Bank for a period of three years, the bank said in a note to exchanges on 27 October.

The appointment is effective from date of taking charge or April 10, 2022, whichever is earlier, the bank said, reported Kashmir Reader.

The appointment of Baldev Prakash as MD & CEO by the Board of the Bank and the actual date of his taking charge shall be communicated separately, the bank said.

Previously, Baldev Prakash was working with State Bank of India in various capacities including as Chief General Manager (Digital and Transaction Banking Marketing) responsible for framing bank level policy and strategy for developing and providing digital and transaction banking services to all corporate clients of the Bank.

Besides this, Prakash has worked for over four years at Muscat (Sultanate of Oman) responsible for handling remittances business including treasury operations successfully, the bank said in a release.

In September this year, J&K Bank in an exchange notification said the board has approved fund raise up to Rs 2,000 crore subject to approval of shareholders. The fundraise will be a mix of debt and equity, the bank said.

Presently, RK Chhibber is the Chairman and Managing Director of J&K Bank, who assumed charge of the bank in June 2019.

Jammu & Kashmir Bank stock traded at Rs 43.20 apiece on BSE, up 5.62 per cent from the previous close.

 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

How Parag Agrawal Obsessively Focused On Controlling Hate Speech As Twitter CTO

How Parag Agrawal Obsessively Focused On Controlling Hate Speech As Twitter CTO

After taking over as CTO of Twitter, Parag Agrawal’s main focus was on using AI and ML to identify hate speech and bots that were used to spread misinformation through the microblogging site.

'Omicron Virus' Or 'South Africa Variant'? Here's What Not To Call New Covid-19 Strain

'Omicron Virus' Or 'South Africa Variant'? Here's What Not To Call New Covid-19 Strain

The Omicron variant of Covid-19 has led to several discussions on WHO's method of naming virus variants on Greek alphabets. But terms like 'South Africa virus' have remained in use.

IPL 2022 Retention: Who Stays And Who Goes - Complete Team Lists

IPL 2022 Retention: Who Stays And Who Goes - Complete Team Lists

IPL Retention list was replete with full of expected names but there were some big omissions too. The mega auction will have a massive pool of stars that teams can now choose from.

Kashmir: Why Is BJP Predicting Doomsday For J&K 2 Years After Article 370 Abrogation

Kashmir: Why Is BJP Predicting Doomsday For J&K 2 Years After Article 370 Abrogation

The statement, issued by senior BJP leader of J&K Ashwani Kumar Chrungoo, raises concern for minorities living in Kashmir Valley.

Advertisement