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Baldev Prakash is the first MD and CEO of J&K Bank

Last Updated on December 30, 2021 at 7:23 pm

Baldev Prakash today joined the J&K Bank as its first Managing Director & Chief Executive Officer (MD & CEO). Bank’s Executive President Sunil Gupta, who was flanked by Presidents, Vice-Presidents and other senior officers warmly welcomed the MD & CEO on his first day at the corporate headquarters here.

With his national level knowledge of policy making and strategizing in critical areas of banking at State Bank of India (SBI) besides international exposure in remittances business including treasury operations at Muscat (Sultanate of Oman), Baldev Prakash brings a wealth of experience and expertise to the Bank’s maiden position of Managing Director & CEO.

Notably, his appointment was approved by the Bank’s Board of Directors during its meeting held on Tuesday, a day after J&K Government appointed him as Director on the board of the Bank. Reserve Bank of India had accorded approval on October 26, 2021 to his candidature as MD & CEO of the Bank for a period of three years from the date of taking charge.

Soon after taking the charge from the outgoing CMD, R K Chhibber, MD & CEO Baldev Prakash called a meeting of Presidents and other Vertical Heads to get a brief about the overall organisational structure of the Bank besides taking a preliminary review of different departments and their functions. 

Speaking on the occasion, MD & CEO said, “I have come to know very well that J&K Bank has a remarkable legacy of serving the people for over 83 years. With a strong emotional connect of people, it has a systemic significance in the financial landscape of J&K and Ladakh UTs.”