Amitava Chatterjee Appointed as MD & CEO of Jammu and Kashmir Bank
| Category | Details |
|---|---|
| Appointment | - Amitava Chatterjee appointed as MD & CEO of J&K Bank effective December 30, 2024. |
| Approval | - RBI approved the appointment under Section 35B of the Banking Regulation Act, 1949. |
| Successor | - Succeeds Baldev Prakash, who retires on December 27, 2024. |
| Compensation | - Fixed annual pay: ₹1.40 crore. - Target variable pay: ₹1.40 crore. |
| Career Background | - Amitava Chatterjee: Deputy Managing Director at SBI with over 33 years of experience. - Previous roles include MD & CEO of SBICAPS and leadership positions in SBI's New Delhi and Jaipur Circles. |
| Education | - Holds an MBA from ICFAI University and CAIIB from IIBF. |
| Personal Interests | - Sports enthusiast, particularly in tennis, football, and cricket. |
| Bank Overview | - J&K Bank: Established in 1938, headquartered in Srinagar, Jammu & Kashmir. - Major presence in Jammu & Kashmir and Ladakh. - Operates as a universal bank in Jammu & Kashmir and a specialized bank in other regions of India. |