Jammu and Kashmir Governor Satya Pal Malik’s administration on Saturday removed the chairman and managing director of J&K Bank, Parvez Ahmed and appointed the bank’s executive president, R K Chhibber interim chairman. According to online media reports, Ahmed was called by the J&K Chief Secretary for a meeting in the morning, where the state government’s decision was … Read more
In a landmark decision, the J&K Bank has finally come under the purview of the Right to Information Act. It is pertinent to mention that the bank has been adamant on complying with the Act, till date. Here are a few things to know about the recent development: The proposal for treating the bank as … Read more
Governor of Jammu & Kashmir Satyapal Malik has opened a pandora’s box by claiming to have unearther major corruption in a number of state departments and the J&K bank. Here is what the Governor had said and how others retaliated: Regarding the selection list of Relationship Executives in the J&K bank, the Governor had said: … Read more
The Jammu & Kashmir Bank (J&K Bank) recently completed 80 years since its foundation. Here are some other noteworthy facts about the bank: The Jammu and Kashmir Bank was founded on 1 October 1938 under letters patent issued by Maharaja Hari Singh. The Maharaja had invited eminent investors to become the founding directors and shareholders of … Read more
The Nirav Modi scam has touched even Jammu & Kashmir, with the state’s premier bank saying that the jeweller’s maternal uncle and business partner Mehul Choksi defaulted on a Rs 121-crore loan. Jammu & Kashmir Bank’s branch in Fort, Mumbai, granted the loan to Choksi’s Gitanjali GemsBSE -4.92 % in 2012 and he was later … Read more