Srinagar: The Reserve Bank of India (RBI) has approved the appointment of Parvez Ahmad as Chairman and Chief Executive Officer (CEO) of J&K Bank for a period of three years with effect from October 6, 2016. The state government received the RBI affirmation in this regard on Friday.
Parvez Ahmad will be the first in-service officer and second in-house chairman and CEO of the bank.
Having rich experience of almost two decades in banking and financial services, Parvez Ahmad is currently the senior-most Executive President of the bank. Well-known in banking circles, he commands respect both within the bank and outside.
J&K Bank Board of Directors had forwarded a panel of three candidates for chairmanship to the RBI for approval. Parvez Ahmad among the three was chosen by RBI.