Jammu and Kashmir Bank has launched a special financing scheme named Add-on Working Capital GST to help the state industry cope with the delay in reimbursement of GST under special tax relief. Who is the present Chairman and CEO of J & K 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 financing scheme named ‘Add-on Working Capital GST’ to help the state industry cope with the delay in reimbursement of GST under special tax relief. Who is the present Chairman and CEO of J & K Bank?

A	Ajay Tyagi
B	Mohammad Ansari
C	HR Khan
D	Parvez Ahmed

Explanation:

Detailed explanation-1: -1 year MCLR+3.50 p.a. fixed Rate of Interest with monthly rests and Annual Reset.

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. Bank is listed on the NSE and the BSE and has its Corporate Headquarters at Srinagar.

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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