Management Change4 Jul 2026, 05:40 pm
J&K Bank Appoints Rakesh Magotra as New Chief Compliance Officer
AI Summary
Jammu & Kashmir Bank Ltd announced the appointment of Mr. Rakesh Magotra as the new Chief Compliance Officer (CCO) and Group Compliance Officer (GCO) for a term of three years. This change is effective from July 04, 2026, with Mr. Magotra replacing Mr. Peer Masood Ahmad. Mr. Magotra brings over 30 years of banking experience across various domains including retail banking, credit, strategy, and governance. His appointment signifies the bank's commitment to enhancing its compliance framework and governance standards. The Board of Directors approved this appointment during their meeting held on July 04, 2026.
Key Highlights
- Rakesh Magotra appointed as CCO/GCO for three years.
- Mr. Magotra replaces Mr. Peer Masood Ahmad.
- Appointment reflects bank's focus on compliance and governance.
- Magotra has over 30 years of banking experience.
- Board approved the change on July 04, 2026.
Price Impact
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