Srinagar, May 15: The Government on Friday appointed RK Chibber as chairman of J&K Bank and Zubair Iqbal, Vice President of HDFC Bank, as its nominee for appointment as first full-fledged Managing Director for three years.
In June last year, the Board of Directors of J&K Bank recommended the appointment of a separate chairman and a managing director of the bank.
“I am directed to convey that the Government of Jammu and Kashmir… in exercise of the powers under Article 69(i) of the Articles of Association of the J&K Bank..(has decided that) Mr. RK Chhibber, chairman-cum-managing director, shall be a non- executive director on the Board of J&K Bank Ltd. for a period of three years or till further orders, whichever is earlier,” reads communiqué to company secretary of J&K Bank.
“I am directed to convey that the Government of Jammu and Kashmir has, in exercise of the powers under Article 69 (i) of the Articles of Association of J&K Bank Ltd, decided to appoint Mr. Zubair lqbal, senior vice-president of HDFC Bank as a government nominee/ director on the Board of J&K Bank Ltd. for a period of three years or till further orders, whichever is earlier. Consequent to the above, the Board of the J&K Bank Ltd. may appoint/elect him as the managing Director of the J&K Bank Ltd,” reads another letter.
Zubair’s appointment as MD is widely welcomed by J&K Bank Staff, people at large and Trade Bodies across J&K and is being seen as a big move to restore past pride and glory of J&K Bank.
Zubair has a highly acclaimed, illustrious, and proven career and impeccable track record in Banking and Financial Services spanning more than 3 decades. This includes 15 years each with J&K Bank and HDFC Bank. He has played a key role in growth of HDFC Bank in J&K and is known as an architect of the bank’s growth in J&K. He was instrumental in infusing professionalism and competition in the banking industry of J&K.
Zubair was awarded at Silver Jubilee Celebrations by Institute of Objective Studies, New Delhi for significant contribution to the banking industry of the erstwhile state. He has also won more than 50 laurels during his tenure with HDFC Bank and 13 of those were awarded during Insurance Skill Development Programmes at London, Paris, Indonesia, Dubai, China, Turkey, Italy, Switzerland, Bangkok, Malaysia. Moscow, and Jordan. Zubair was recently shortlisted and invited by UK Asia Stem Summit for delivering a Leadership Talk at Cambridge University London slated for August 2020. Zubair holds many Academic and professional degrees in Banking and Financial Services which includes MBA (ICFAI University), M. LIB. Sc. M.A. (Sociology), CAIIB, PGDMM, Diploma in HRD and Management Development Programme from IIM, Ahmadabad. Zubair has also attended 12 Seminars and workshops on Banking and Financial Services.
