Government trashes reports regarding splitting of Chairman, CEO positions in J&K Bank

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SRINAGAR: The State Government has strongly denied the speculative reports regarding splitting of the positions of the Chairman and CEO in the J&K Bank.

“There is no such proposal under the consideration of the government,” an official spokesman said.

The spokesman made it clear that all the decisions regarding the affairs of the J&K Bank are taken by the bank’s Board of Directors under the regulatory framework laid down by the Reserve Bank of India (RBI).