Srinagar: The Reserve bank of India has extended the tenure of Jammu and Kashmir Bank Chairman and Managing Director (CMD) R. K. Chhibber by another six months.
The services of Chhibber, who was appointed as interim Chairman and Managing Director of J&K Bank on June 10,2019, were last time extended on March 2021.
Chibber’s tenure of six-month long extension was supposed to end on October 2021.
Prior to this extension, his services as CMD of the bank have been extended more than thrice under section 10BB of the Banking Regulation Act.
Chibber’s association with the bank dates back to 1982, when he was appointed as Probationary Officer and played an important role in the growth of bank at branch and zonal levels. His was appointed as CMD of the bank in June 2019 after former chairman Parvez Ahmad was sacked from the position.
With this extension, Chibber has become the first CMD of the bank whose services have been extended for more than two years.
He said his focus will be on the retail business and overall progress of the bank in next financial years.
“The priorities will be overall progress of the bank with special focus on retail business,” he said while confirming about his extension as CMD for six months.
