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Jammu & Kashmir Bank Ltd. ( ($IN:J&KBANK) ) just unveiled an update.
Jammu & Kashmir Bank has strengthened its board by appointing senior bureaucrat Ashish Kundra as an Additional Director in the category of rotational directors, effective April 23, 2026, subject to shareholder approval. Kundra, currently Chief Secretary of the Union Territory of Ladakh and an experienced IAS officer with a background in governance, development finance, infrastructure, and administration across multiple states and union territories, is expected to add public-policy and regulatory depth to the bank’s oversight.
The bank has also appointed veteran banker Pravin Raghavendra as an Additional Director in the category of independent directors for a three-year term from April 23, 2026 to April 22, 2029, contingent on shareholder approval. Raghavendra, who retired as Deputy Managing Director & Chief Operating Officer of State Bank of India with extensive experience in operations, digital transformation, risk governance, and SME and agriculture lending, is likely to bolster J&K Bank’s strategic direction, operational discipline, and risk management as it competes in a rapidly evolving Indian banking landscape.
More about Jammu & Kashmir Bank Ltd.
Jammu & Kashmir Bank Ltd. is a regional banking institution headquartered in Srinagar, India, operating in the commercial banking sector with a focus on retail, corporate, agriculture, and MSME lending. The bank plays a key financial intermediation role in Jammu & Kashmir and surrounding territories, supporting local economic development, infrastructure, and priority sector growth through its branch network and digital banking services.
Average Trading Volume: 479,584
Current Market Cap: 144.5B INR
See more data about J&KBANK stock on TipRanks’ Stock Analysis page.