Jammu and Kashmir (J&K) Bank said that its board has approved the appointment of Amitava Chatterjee as a managing director (MD) and chief executive officer (CEO) for period of three years will be effective from 30 December 2024.
Amitava Chatterjee has completed his Masters in Business Administration from ICFAI University Hyderabad besides having qualified the CAIIB offered by IIBF.
He is currently deputy managing director, SBI and has also worked as MD&CEO of SBICAPS. Chatterjee has a glorious career in banking with more than three decades of experience in varied geographical locations and strategic positions.
His experience varies as he headed the operation of SBIs in CGM New Delhi, circle and Jaipur Circle with high end clientele like PSUs, NBFCs, and DISCOMs.
The responsibilities he had been handling in his previous employer included business development, risk & compliance management, and HR Functions besides interacting and participating in various industry and government forums.
Jammu & Kashmir Bank is a private sector scheduled commercial bank. The banks standalone net profit rose 44.6% to Rs 550.92 crore on 15.7% rise in total income of Rs 3,419.63 crore in Q2 FY25 over Q1 FY24.
The counter rose 0.74% to end at Rs 98.12 on 24 December 2024.
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