Jammu and Kashmir bank said Reserve Bank has approved the appointment of Baldev Prakash as its next managing director and CEO from the next year. The state owned lender will separately inform about the appointment of Baldev Prakash as MD & CEO by its board and the actual date of assuming charge by him.
The Reserve Bank of India has vide letter dated October 26, 2021 accorded approval to the candidature of Prakash as MD & CEO of the bank for the period of three years from the date of taking charge or April 10, 2022, whichever is earlier, J&K said in a regulatory filing.
Presently, RK Chhibber is the chairman and managing director of J&K Bank, who assumed charge of the bank in June 2019.
Prakash has over 30 years of experience in Banking in various roles at small and large size branches at SBI. He had joined SBI as a probationary officer in 1991 and he is currently the Chief General Manager at SBI, Mumbai.