NEW DELHI – The Reserve Bank of India (RBI) has approved appointment of Baldev Prakash as Managing Director and Chief Executive Officer of J&K Bank for a period of three years.
The three-year period would commence from the date of taking charge or April 10, 2022, whichever is earlier.
“The appointment of Mr Baldev Prakash as MD & CEO by the Board of the Bank and the actual date of his taking charge shall be communicated separately,” J&K Bank said in a regulatory filing on Wednesday.
As per brief profile posted by J&K Bank on its website, Prakash is currently Chief General Manager (Digital and Transaction Banking Marketing Department) at State Bank of India (SBI)’s corporate centre in Mumbai.
He has over 30 years of experience working as Branch Manager of small and large size branches, Regional Manager, DGM (Business and Operations), General Manager (Network) in Maharashtra Circle and now 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.
Prakash has also worked for over four years at Muscat (Sultanate of Oman) responsible for handling remittances business including treasury operations successfully.