Rajesh Kumar Chhibber
राजेश कुमार छिब्बर
Chairman & CEO of Jammu and Kashmir Bank
In office
10 June 2019 – 27 October 2021
GovernorManoj Sinha
Preceded byParvez Ahmad
Succeeded byBaldev Prakash

Rajesh Kumar Chhibber is an Indian banker and was the former CEO and managing director of Jammu and Kashmir Bank (J&K Bank).[1][2]

Banking career

Chhibber joined the services of J&K Bank as Probationary Officer in 1982.[3]

Chhibber was appointed as Interim Chairman and Managing Director of J&K bank from 10 June 2019 after fraud allegations against the previous Chairman. He was promoted and served as the chairman and Managing Director of the bank under section 10BB of the Banking Regulation Act, 1949 from 10 October 2019.[4][5]

In 2019, following the formation of the union territories of Jammu and Kashmir, the Anti-corruption Bureau started investigations into alleged corrupt practices by a number of bank officials, including former bank chairpersons Parvaiz Ahmad Nengroo and Mushtaq Ahmad Sheikh.[6][7]

In June 2019, the Reserve Bank of India approved the appointment of Chhibber as interim chairman and managing director (CMD) of the Bank, following the removal of Parvez Ahmad from the post by the state government.[8] [9]

He also served as the Chairman of J&K Grameen Bank an Indian Regional Rural Bank. He was elevated as the Executive President on 1 June 2018.[10][11]
He was succeeded by Baldev Prakash on 27 October 2021.[12][13]

References

  1. ↑ "RBI extends J&K Bank CMD R.K Chhibber's tenure by six more months". The Kashmir Monitor. Retrieved 6 July 2021.
  2. ↑ "RBI extends CMD R. K. Chhibber's tenure by further six months at Jammu & Kashmir Bank". India info line. Retrieved 6 July 2021.
  3. ↑ "RK Chibber". Jammu and Kashmir Bank. Retrieved 6 July 2021.
  4. ↑ "J&K bank chairman R.K. Chhibber gets another six- months extension". The Economic Times. Retrieved 6 July 2021.
  5. ↑ "'Irregularities' in appointments, loans at heart of J-K Bank raids". The Hindustan Times. Retrieved 6 July 2021.
  6. ↑ "J&K Bank loan fraud: Anti-corruption bureau lodges FIR in ₹1,100 cr scam". Livemint. 20 October 2019. Retrieved 8 August 2020.
  7. ↑ Sharma, Arun (21 October 2019). "FIR against J&K Bank ex-chief, 23 others for Rs 1,100-crore fraud". The Financial Express. Retrieved 8 August 2020.
  8. ↑ "RBI okays RK Chhibber as interim CMD of J&K Bank; post of chairman, MD to be split". The Economic Times. Retrieved 5 July 2021.
  9. ↑ "Chhibber Gets 6 More Months Extension as JK Bank M.D." Kashmir observer. Retrieved 6 July 2021.
  10. ↑ "CMD of J&K Bank, R.K. Chhibber gets another 6 months extension by RBI". adda 247. Retrieved 6 July 2021.
  11. ↑ "Executive president of J&K Bank, R K Chhibber inaugurating new premises of Rohtak BU". Daily Excelsior. Retrieved 6 July 2021.
  12. ↑ "RBI approves appointment of Baldev Prakash as J&K Bank MD & CEO". The Economic Times. Retrieved 28 October 2021.
  13. ↑ "RBI approves appointment of Baldev Prakash as J&K Bank MD & CEO". Business-Standard. Retrieved 28 October 2021.
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