5th October 2010
Srinagar
RBI approves Mr.Mushtaq Ahmad's appointment as Chairman & CEO of J&K Bank
Reserve Bank of India has approved the appointment of Mr.Mushtaq Ahmad as Chairman and Chief Executive Officer of the J&K Bank for a period of three years. The RBI nod in this regard was communicated to the State Government today. Subsequent to the said development, the state has nominated him as a government director on the board of the bank.
It is for the first time in the history of the Bank, that a person from the bank itself will be chairman and chief executive officer of the bank. Mr. Mushtaq Ahmad had retired in 2008 from the services of the bank as Executive Director. He is a known figure in the banking fraternity and commands huge respect for his immense banking skills. Notably, J&K Bank Board of Directors on August 30 had forwards panel of three candidates for chairmanship to the Reserve Bank of India for their approval and Mr. Mushtaq Ahmad was topping the 3-member panel.
It is for the first time in the history of the Bank, that a person from the bank itself will be chairman and chief executive officer of the bank. Mr. Mushtaq Ahmad had retired in 2008 from the services of the bank as Executive Director. He is a known figure in the banking fraternity and commands huge respect for his immense banking skills. Notably, J&K Bank Board of Directors on August 30 had forwards panel of three candidates for chairmanship to the Reserve Bank of India for their approval and Mr. Mushtaq Ahmad was topping the 3-member panel.