Srinagar, J&K: The Reserve Bank of India (RBI) has approved the appointment of Amitava Chatterjee as the Managing Director and Chief Executive Officer (MD & CEO) of Jammu & Kashmir Bank. Effective December 30, 2024, Chatterjee will serve a three-year tenure, as sanctioned under Section 35B of the Banking Regulation Act, 1949.
Chatterjee’s annual remuneration has been set at INR 1.40 crore, including perquisites, with an additional target variable pay of INR 1.40 crore. In the event of any delay in his assumption of office, the bank is required to implement an interim arrangement, subject to RBI approval.
This marks a new chapter for J&K Bank, with Chatterjee’s leadership expected to bring strategic growth and innovation to the institution.
