STATE TIMES NEWS
JAMMU: Reserve Bank of India (RBI) has extended the tenure of R K Chhibber as the Chairman and Managing Director of J&K Bank for a period of six months.
“Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to intimate that the Reserve Bank of India has extended the term of R K Chhibber, Chairman and Managing Director of the bank, by a further period of six months with effect from 10th April, 2020 or till the appointment of a MD & CEO, whichever is earlier,” the bank said in a statement.
On June 10, 2019, the Reserve Bank had approved the appointment of R K Chhibber as interim CMD of Jammu and Kashmir Bank for three months following the removal of Parvez Ahmed from the post by the then state government.
He received a month’s extension in September 2019 to continue as the bank’s interim CMD, followed by a six months extension in October last year.