You are here: Home » Companies » News
RBI extends restrictions on PMC Bank for 3 months till March 2022
Two vaccines, Merck drug cleared for emergency use amid Omicron rise
Business Standard

J&K Bank board appoints Baldev Prakash MD & CEO for three years

His appointment will be effective from the actual date of his taking charge, the bank said

Jammu and Kashmir | Jammu & Kashmir Bank | Banking

Press Trust of India  |  New Delhi 

jammu and kashmir bank, jammu bank, J&K bank

on Tuesday said its board of directors has appointed Baldev Prakash as the MD & CEO for three years.

The board of directors in the meeting held on December 28 has appointed Baldev Prakash as Managing Director & Chief Executive Officer of the bank for a period of three years, J&K Bank said in a regulatory filing.

His appointment will be effective from the actual date of his taking charge, the bank said.

The board also appointed R K Chhibber as an additional director on the board of the bank to be effective from the date Baldev Prakash takes charge as MD&CEO of the bank, it said further.

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 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 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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, December 28 2021. 23:07 IST