The Biz Reporter
Srinagar, Dec 24 (KNO): Sudhir Gupta (Jammu & Kashmir Bank) and Amitava Chatterjee (State Bank of India) are in the running for the coveted position of Managing Director & Chief Executive Officer (MD& CEO) of Jammu & Kashmir Bank Limited.
Authoritative sources disclosed to the news agency—Kashmir News Observer (KNO) that Gupta, who is a son of the soil and has served in key positions in the premier financial institution of J&K, and Chatterjee, who has held various positions in SBI, are in the race for the most powerful position in J&K Bank.
“The announcement regarding the appointment of the new MD & CEO of Jammu & Kashmir Bank is likely to be made within the next few days,” they said.
Baldev Raj Prakash, the incumbent MD & CEO of J&K Bank, took over the charge on December 30, 2021. On October 27, 2021, the Reserve Bank of India (RBI) approved his name as MD & CEO of Jammu and Kashmir Bank for a period of three years.
It is pertinent to mention that the J&K Government had constituted a high-level search committee for making recommendations for the appointment of MD & CEO of J&K Bank. Headed by the Additional Chief Secretary of the Jal Shakti Department, the committee was mandated to propose four names for further selection of two names by the competent authority to be recommended to the RBI for the position of MD and CEO of J&K Bank. The Principal Secretary of the Finance Department and the Commissioner Secretary of the General Administration Department (GAD) were members of the search panel—(KNO)
