Rajesh Kumar Chhibber

Rajesh Kumar Chhibber is the former CEO and managing director of Jammu and Kashmir Bank.[1][2]

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

Banking career

He joined the services of the Bank as Probationary Officer in the year 1982.[3] Chhibber served as Interim Chairman and MD of J&K bank from 10 June 2019 to 9 October 2019, and has been serving as the chairman and MD of the bank under section 10BB of the Banking Regulation Act, 1949 since 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 had approved the appointment of R K Chhibber as interim chairman and managing director (CMD) of the Bank, following the removal of Parvez Ahmad from the post by the erstwhile state government.[8] [9] He also served as the Chairman of J&K Grameen 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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