Pursuant to the order of Government of Jammu and Kashmir regardingchange of guard at J&K Bank, R. K. Chhibber assumed office as interimChairman cum Managing Director of the bank.
Earlier, the Board of directors in its meeting held on June8, 2019 at Corporate headquarters of the Bank took on record the government orderand passed a resolution regarding appointment of R. K. Chhibber as NomineeDirector 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 tothe approval of RBI.
R. K. Chhibber shall besides be the Interim Chairman of allsub-committees of the Board previously headed by the ex-Chairman.
The Board besides recommended splitting of the post ofChairman & Managing Director as per the provisions of SEBI regulations andRBI guidelines.
"Having full faith and confidence in the outstandingworkforce of the Bank, we shall strive to not only weather the challenges athand but put the Bank on a different pedestal with committed support of ourpromoters, The J&K Govt, regulators, vibrant management and dedicatedworkforce," Chhibber said.
He said that setting New Benchmarks in business growth &profitability through customer centric business strategies, employee development& welfare, increased shareholder value, strengthening governance andimproving compliance culture across the organization would be the prime focusareas.
Employees also gave a resounding welcome to the new Chairmanat Corporate Headquarters, Srinagar and pledged their full support andcommitment towards achievement of corporate goals.