Appoint full-time CEO at J&K Bank on priority to curb slippages: Analysts

They say the move would boost market confidence and help the bank raise tier-I capital

Immediate appointment of a full-time chairman and chief executive is crucial for raising tier-I capital and controlling slippages at Jammu and Kashmir Bank, analysts have said.

According to analysts with foreign broking firm CLSA, the timely appointment of a full-time chairman and CEO at J&K Bank is critical. The transition may raise uncertainty at the bank even as it enjoys a strong deposit franchise in its home state, reflected in its high CASA (current account and savings account) ratio of 51 per cent.

Analysts said appointment of a full-time chief executive would also boost the confidence of market and also