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R K Chhibber takes Charge as Interim Chairman cum Managing Director of J&K Bank.

R K Chhibber takes Charge as Interim Chairman cum Managing Director of J&K Bank.
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Srinagar, June 9:Pursuant to the order of Govt of J&K, regarding change of guard at J&K Bank, R. K. Chhibber assumed office as interim Chairman cum Managing Director of the Bank. Earlier the Board of directors in its meeting held on 8-Jun-2019 at Corporate headquarters of the Bank took on record the Govt order and passed a resolution regarding appointment of R. K. Chhibber as Nominee Director of the Govt of J&K (Govt Director) on the Board of the Bank w.e.f. 08-Jun-2019. The Board besides passed another resolution appointing R. K. Chhibber as the interim Chairman & Managing Director of the Bank subject to the approval of RBI. R. K. Chhibber shall besides be the Interim Chairman of all sub-committees of the Board previously headed by the ex-Chairman.

The Board besides recommended splitting of the post of Chairman & Managing Director as per the provisions of SEBI regulations and RBI guidelines.

On the occasion R.K. Chhibber said, โ€œHaving full faith and confidence in the outstanding workforce of the Bank, we shall strive to not only weather the challenges at hand but put the Bank on a different pedestal with committed support of our promoters, The J&K Govt, regulators, vibrant management and dedicated workforce.โ€

Delineating his priorities R.K. Chhibber said that setting New Benchmarks in business growth & profitability through customer centric business strategies, employee development & welfare, increased shareholder value, strengthening governance and improving compliance culture across the organization would be the prime focus areas.

In the meantime, the Employees gave a resounding welcome to the new Chairman at Corporate Headquarters, Srinagar and pledged their full support and commitment towards achievement of corporate goals.

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