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Chhibber takes charge as interim Chairman cum MD of J&K Bank

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Srinagar, Jun 09: R. K. Chhibber assumed office as Interim Chairman cum Managing Director of the J&K Bank today.

Earlier, the Board of directors in its meeting held on June 08, 2019 at Corporate headquarters of the bank took on record the government order and passed a resolution regarding appointment of R. K. Chhibber as Nominee Director of the Government of J&K (Govt Director) on the Board of the Bank w.e.f. 08-Jun-2019.

The Board passed another resolution appointing R. K. Chhibber as the interim Chairman and Managing Director of the bank subject to the approval of Reserve Bank of India (RBI).

R. K. Chhibber shall also be the Interim Chairman of all sub-committees of the Board previously headed by the ex-Chairman.

The Board also recommended splitting of the post of Chairman and Managing Director as per the provisions of SEBI regulations and RBI guidelines.

According to an official press release, speaking on the occasion Chhibber said, “Having full faith and confidence in the outstanding workforce of the bank, we shall strive to not only weather the challenges at hand but put the bank on a different pedestal with committed support of our promoters, the J&K Govt, regulators, vibrant management and dedicated workforce.”

Delineating his priorities Chhibber said that setting new benchmarks in business growth and profitability through customer-centric business strategies, employee development and welfare, increased shareholder value, strengthening governance and improving compliance culture across the organization would be the prime focus areas.

In the meantime, the employees gave a “resounding welcome” to the new Chairman at Corporate Headquarters, Srinagar and pledged their full support and commitment towards achievement of corporate goals, the press release said.

A brief profile

Srinagar, Jun 09: Rajesh Kumar Chhibber joined the services of the bank as probationary officer in the year 1982 and has led the bank in various capacities from managing business operations at branch, zonal offices and at corporate level.

His main areas of expertise include Credit, Finance, IT, Corporate & Retail Banking, Risk Management, Trade Finance, Foreign Exchange, Business Continuity Planning, HR, and Bank Assurance.

Bank made remarkable improvements in technology infrastructure and expertise while being headed by him as Vice President IT. He also headed J&K Grameen Bank as Chairman for nearly three years and brought great laurels to the bank by performing with dedication and with accomplishment of key strategic goals.

Prior to stepping into the role of Chairman and MD, he as Executive President functioned as Chief Compliance Officer of the bank besides handling Business Support division, Insurance, Government Banking, Lead Bank, CSC, FID, Subsidiary Management, Culture & Sports functions of the bank.

He has to his backing a vast experience in versatile fields of banking and finance and almost three decades of relentless efforts in raising key milestones in the development of the bank.

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