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Reserve Bank of India (RBI) has extended whose term as Chairman and Managing Director (CMD) of Jammu and Kashmir Bank for another six months, effective from April 10, 2021?

Reserve Bank of India (RBI) has extended whose term as Chairman and Managing Director (CMD) of Jammu and Kashmir Bank for another six months, effective from April 10, 2021? Correct Answer Rajesh Kumar Chhibber

The correct answer is Rajesh Kumar Chhibber.

  • Jammu and Kashmir Bank has informed that the Reserve Bank of India (RBI) has extended the term of Rajesh Kumar Chhibber as Chairman and Managing Director (CMD) for another six months, effective from April 10, 2021.
  • Chhibber has served as Interim Chairman and MD of J&K Bank from June 10, 2019, to October 9, 2019, and has been serving as the Chairman and MD of the bank since October 10, 2019.
  • He joined J&K Bank as the Probationary Officer in the year 1982.
  • He also served as the Chairman of J&K Grameen Bank.

Related Questions

In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: In a bid to find a successor to founder CEO Rana Kapoor, The Yes Bank has formed a five member panel including two members from outside the bank, less than a week after Reserve Bank of India (RBI) cut short his tenure until January 31 2019. In a press release sent to the exchanges late on Tuesday evening, Yes Bank said that the “search and selection committee” would comprise of three members of the bank’s nomination and remuneration committee and also two external members, which the bank did not specify.  Courses of action: I. However, the board has requested the Reserve Bank of India (RBI) to grant an extension to Kapoor up to September 2019 ‘for finalization of audited financial statements for fiscal year ending March 2019 and in order for the statutory AGM process to be completed’. II. The board has also recommended the elevation of senior group presidents Rajat Monga and Pralay Mondal as executive directors ‘to ensure a long term succession plan within Yes Bank, and given the demonstrated track record of these two senior leaders’. All this will be subject to RBI approval.  III. The panel will comprise of five members and will focus on find a successor to Rana Kapoor.
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