Govt withdraws nomination of Zubair Iqbal as Director from J&K Bank's Board of Directors

Photo Courtesy: @Qazizubair/Twitter

Jammu & Kashmir government has withdrawn nomination of Senior Vice-President of HDFC Bank, Zubair Iqbal as director from the Board of Directors at Jammu & Kashmir Bank nearly ten months after his appointment.

Zubair was, in May last year, appointed by the J&K government as its nominee/Director on the Board of J&K Bank Ltd. for a period of three years or till further orders, whichever was earlier, but his appointment was not cleared by the Reserve Bank of India.

Quoting an official communiqué by Company Secretary, J&K Bank, Muhammad Shafi Mir to National Stock Exchange of India Limited and BSE Limited,  news agency KNO reported that Zubair, government nominee/Director (DIN:08742685), has ceased to be the Director of the Board of Bank consequent upon withdrawal of his nomination by the Government of Jammu & Kashmir pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.