Jammu and Kashmir Bank has launched a special financial scheme for journalists of the state, the scheme J & K Bank Sahafat Finance Scheme was launched by the banks chairman and CEO. Who is the present chairman and CEO of Jammu and Kashmir Bank?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Jammu and Kashmir Bank has launched a special financial scheme for journalists of the state, the scheme “J & K Bank Sahafat Finance Scheme” was launched by the bank’s chairman and CEO. Who is the present chairman and CEO of Jammu and Kashmir Bank?

A	Md Mustafa
B	Parvez Ahmad
C	Rizwaan Patel
D	Akram Khan

Explanation:

Detailed explanation-1: -Prakash has over 30 years of experience in banking. He had joined SBI as a probationary officer in 1991 and was the Chief General Manager (Digital and Transaction Banking Marketing Department) at SBI, Mumbai.

Detailed explanation-2: -Jammu and Kashmir Bank (J&K Bank) is a Scheduled Commercial Bank and one of the oldest private sector Bank in India, incorporated in 1938.

Detailed explanation-3: -While the state government holds a 59.3 per cent stake in the J&K Bank, it is not considered a PSU. The bank is licensed as an “old private-sector bank” under Section 22 of the Banking Regulation Act, 1949. It comes under the regulatory purview and subversion of the Reserve Bank of India (RBI).

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