Search committee set up to select J&K Bank’s Chairman and Managing Director
The three-member committee for the task would be headed by Tapan Ray, ex-Union Corporate Secretary
The administration of the Union Territory (UT) of Jammu and Kashmir has constituted a search committee for selection of the Chairman as well as the Managing Director of the Jammu and Kashmir Bank.
The three-member committee for the task would be headed by Tapan Ray, ex-Union Corporate Secretary. The other members of the panel are Arun Kumar Mehta, Financial Commissioner, Finance Department, Government of J&K, and Anand Madhukar, Officer on Special Duty (OSD), Department of Financial Services, Government of India.
It is worthwhile to mention here that the Reserve Bank of India (RBI) in October last year gave a six-month extension to R K Chhibber as the bank’s Chairman and Managing Director.
In June last year, the Board of Directors of J&K Bank recommended the appointment of separate persons to the post of Chairman and Managing Director.
The J&K Bank was also repeatedly directed by the RBI to separate the positions of Chairman and Managing Director for better governance.