Jammu and Kashmir Bank said on Wednesday Reserve bank has approved the appointment of Baldev Prakash From next year onwards as its next Managing Director and CEO. NS reserve Bank of India J&K Bank said in a regulatory filing vide letter dated October 26, 2021 that Prakash’s candidature as MD and CEO of the bank would be extended for three years from the date of assumption of charge or April 10, 2022, whichever is earlier. has been approved. filing.

The state-owned lender will separately notify its board about the appointment of Baldev Prakash as MD and CEO and the actual date of his taking over.

Prakash has more than 30 years of experience in Banking in various roles across small and large sized branches in SBI. He joined SBI in 1991 as a Probationary Officer and is presently the Chief General Manager (Digital & Transaction Banking Marketing Department) at SBI, Mumbai.

Presently, RK Chhibber is the Chairman and Managing Director of J&K Bank, who took over the charge of the bank in June 2019.

Shares of Jammu and Kashmir Bank were trading at Rs 43.20 on BSE, up 5.62 per cent from the previous close. PTI KPM Mr.