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Chairman of J&K Bank sacked

IANS  |  Srinagar 

The government on Saturday removed Parvez Ahmed from the post of of the

A government order issued on Saturday said: "Parvez Ahmed shall cease to be on the and consequently be no longer the cum managing of the board.

"R.K. Chhibber, is hereby nominated as the Director on the Board and may be further appointed as the Interim "

The order addressed to the of the comes into effect immediately.

The owns 59 per cent shares of

This is the only designated as the Reserve Bank of India's agent for business and carries out the business of the besides collecting central taxes for CBDT.

The Bank was incorporated in 1938 and is listed on the NSE and BSE.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, June 08 2019. 13:44 IST