Jammu : RBI has extended the tenure of J&K Bank Chairman & Managing Director (CMD) R K Chhibber by another six months from October 10, 2020.
In a regulatory filing today, the bank said, “…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 October 2020 or till the appointment of MD & CEO, whichever is earlier.”
“The expansion in his term as CMD for an additional a half year is uplifting news for the bank as far as an open observation. Other than aiding in the coherence of business, I think the business sectors likewise will get the news as a positive advancement towards authoritative development while keeping up its general steadiness”, said a sharp eyewitness on issues of fund and economy in J&K.
RBI had initially approved R K Chhibber as CMD on 09.06.2019 as CMD for a period of six months which was extended from time to time.