By JKGN Staff
SRINAGAR: Considered close to the current dispensation, the Managing Director and Chairman J&K Bank, R K Chibber has gifted with yet another extension for the period of six months by the Reserve Bank of India.
A letter by Company Secretary, Mohammad Shafi Mir, reads that “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. Chibber, Chairman and Managing Director of the Bank by a further period of six months with effect from 10th April, 2021 or till the appointment of MD & CEO, whichever is earlier.”
Pertinent to mention here that this is the seventh extension to his term as MD and Chairman J&K Bank which is going to be a history in the history of Banking institutions.
On June 10, 2019, the Reserve Bank had approved the appointment of RK 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 first extension of one month in September 2019 to continue as the bank’s interim CMD, followed by a six months extension in October last year.