Reserve Bank of India has approved the candidature of a new CEO of J&K Bank for a period of three years.
Baldev Prakash has been named as the Managing Director and Chief Executive Officer of Jammu and Kashmir Bank.
The appointment is effective from date of taking charge or April 10, 2022, whichever is earlier.
The appointment of Baldev Prakash as MD & CEO by the Board of the Bank and the actual date of his taking charge shall be communicated separately, the bank said.
Previously, Baldev Prakash was working with State Bank of India in various capacities including as Chief General Manager (Digital and Transaction Banking Marketing) responsible for framing bank level policy and strategy for developing and providing digital and transaction banking services to all corporate clients of the Bank.
Besides this, Prakash has worked for over four years at Muscat (Sultanate of Oman) responsible for handling remittances business including treasury operations successfully, the bank said in a release.