Govt to constitute committee for selecting new J&K Bank chairman


Jammu & Kashmir:The hunt for new J&K bank chairman will soon began as government is all set to constitute a search committee, a senior official of the Finance department said.

The chairman’s position fell vacant after the unceremonious ouster of former chairman-cum-managing director Parvez Ahmad Nengroo.

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The official said the government was committed to taking the bank to the pinnacle of banking sector.

“That is possible only by bringing accountability and good governance which would have impact on overall economic growth of the bank,” he said and added that keeping this in view Governor Satya Pal Malik has asked the Chief Secretary to pick renowned bankers who would form the search committee.

The J&K government is in touch with former Reserve Bank of India Governors who would be part of the search committee, the official said.

A person who is a state subject only would be selected for the coveted post, he said.

Simultaneously, heeding to repeated RBI directions, the government would be appointing a separate chairman and managing director “for better governance”.