Jammu and Kashmir Bank today appointed Parvez Ahmed as Chairman and CEO of the bank. He has been appointed chairman for a period of three years, Jammu and Kashmir Bank said in a statement. He replaces Mustaq Ahmad who completed his term on October 5. Ahmad, who joined the bank in 1998, was instrumental in successful management of the bank’s IPO.
Parvez Ahmad will be the first in-service and second in-house Chairman and CEO of the bank. Having rich experience of almost two decades in banking and financial services, Parvez Ahmad is currently the senior most Executive President of the bank.
Notably, J&K Bank Board of Directors had forwarded a panel of three candidates topped by Parvez Ahmad for chairmanship to the RBI for approval.