R K Chibber replaces Parvaiz Ahmad as Chairman J&K Bank

Srinagar, Jun 08 (Only Kashmir): In exercise of the powers under Article 69 (iii) the government of Jammu and Kashmir appointed RK Chhibber as interim Chairman of Jammu and Kashmir Bank evacuating Parvaiz Ahmad Nengroo from the post.Pertinent to mention here, besides many other key posts R K Chibber has also served as earlier served as Chairman J&K Kashmir Grameen Bank.
The government in its order no: FD/Bkg/21/2019 signed by Vishal Sharma, additional secretary to the government, Finance Department reads “Parvez Ahmad, Chairman cum Managing Director, shall cease to be Director on the Board of Directors of the Bank and consequently be no longer the Chairman cum Managing Director of the bank.”
“RK Chhibber is hereby nominated as the Director on the Board and may be further appointed as the interim Chairman cum Managing Director of the Board,” the order read further, adding, these directions shall come into effect immediately.
Pertinently, Pervez Ahmad succeeded Mushtaq Ahmad as Bank Chairman in 2016.