J&K Bank Appoints Amitava Chatterjee As New CEO And MD

Jammu and Kashmir Bank Ltd. on Wednesday appointed Amitava Chatterjee as the new managing director and chief executive officer. This makes him the second MD and CEO of the bank.

Chatterjee is currently working as Deputy Managing Director of State Bank of India. He is set to replace Baldev Prakash, whose term will end on Dec. 29.

The board of directors approved the Chatterjee's appointment for a period of three years. He will be taking charge from Dec. 30, the bank said in an exchange filing.

This comes after the government of Jammu and Kashmir appointed Amitava Chatterjee as the government nominee director of the bank.

Chatterjee, in his banking career spanning over more than three decades in diverse geographical locations and strategic positions, also served as MD and CEO of SBI CAPS.

His diverse experience includes heading the SBI's operation as CGM New Delhi, Circle, and Jaipur Circle with high-end clientele like PSUs, NBFCs, and DISCOMs.

He holds a master’s in business administration from ICFAI University Hyderabad and has also qualified for the CAIIB certification from the Indian Institute of Banking and Finance (IIBF). Outside of his professional endeavours, he is a passionate sports enthusiast with a keen interest in tennis, football, and cricket.

Shares of Jammu and Kashmir Bak rose 0.74% on Tuesday to Rs 98.12 apiece as compared to 0.09% fall in BSE Sensex.

(With Inputs From PTI)