Senior vice president of HDFC Bank, Zubair Iqbal has appointed as new managing director of Jammu and Kashmir Bank by Jammu and Kashmir Government. Iqbal will have a three-year tenure.
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RK Chibber, who currently holds the position of Chairman and Managing Director (CMD) of J&K Bank, will continue to serve as the Chairman of the bank for the next three years. The appointments are based upon the continuous directions by the Reserve Bank of India (RBI) to separate the positions of Chairman and Managing Director for better governance.
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