CURRENT AFFAIRS

Detailed explanation-1: -Naba Kishore Sahoo as an Additional Director in the category of Independent Directors on the Board of the Bank for a period of one year with effect from March 01, 2022.

Detailed explanation-2: -The Board of Jammu and Kashmir Bank at its meeting held on 26 December 2022 has approved the appointment of Shahla Ayoub (DIN: 09834993) as Additional Director in the category of Independent Director on the Board of Directors of the Bank.

Detailed explanation-3: -In a significant development, J&K Bank’s Board has appointed General Manager Sudhir Gupta as Executive Director (ED) for a period of three years. The Bank’s board announced the decision in their meeting held yesterday soon after receiving the approval from Reserve Bank of India (RBI).

Detailed explanation-4: -The Reserve Bank of India (RBI) on Tuesday announced that the government has nominated Vivek Joshi to its central board. Joshi who is the secretary of the Department of Financial Services, will hold the position of Director at RBI. The nomination has come into effect from November 15, 2022, until further orders.

Detailed explanation-5: -Jammu & Kashmir Bank said that Baldev Prakash has been appointed as its next Managing Director and CEO for a period of three years during the meeting of the board of directors (BoDs) of the bank held today.