Rajesh Kumar Chhibber
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Rajesh Kumar Chhibber is an Indian
banker A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...
and was the former
CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...
and managing director of
Jammu and Kashmir Bank Jammu & Kashmir Bank Limited (J&K Bank) is an Private sector banks in India, Indian private sector bank headquartered in Srinagar, Jammu and Kashmir (union territory), Jammu and Kashmir. The Jammu and Kashmir Bank was incorporated on 1 October 1 ...
(J&K Bank).


Banking career

Chhibber joined the services of J&K Bank as Probationary Officer in 1982. 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. 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. In June 2019, the
Reserve Bank of India Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Min ...
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. 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.
He was succeeded by Baldev Prakash on 27 October 2021.


References

{{reflist People from Jammu and Kashmir Living people People from Jammu People from Jammu district Year of birth missing (living people) Date of birth missing (living people) Indian bankers