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| Discrimination: Kashmiris set to rule JK Bank | | Financial Institution to appoint more directors from Valley | | Early Times Report
Srinagar, Aug 10: With no end to discrimination with Jammu, the J&K Bank is likely to appoint new faces as board of directors from Kashmir region while two names have almost been finalized.
Sources said the three posts of directors fell vacant in June 2016 when two directors from Jammu and one from Kashmir resigned from the J&K Bank citing "personal reasons."
To fill up the vacancies, the bank authorities are understood to have decided names of two persons from Kashmir whereas the third chair would be left vacant.
Sources said name of a leading industrialist and the media person who enjoys good reputation in the Peoples Democratic Party led government have been finalized.
If all goes well, orders will be issued in the coming days. As already reported by Early Times, the government is planning to offer some prominent businessmen of Kashmir place in the board of directors, if they help the government to break the protest calendar as being imposed by the separatists in restive Valley on boil since July 8.
Though names of ten persons from the business fraternity in Kashmir were under consideration, sources said name of one of them has been cleared by the government while the other happens to be journalist claiming to be economist.
Two months ago, three directors of J&K Bank had resigned under mysterious circumstances.
On June 29, the J&K Bank said three of its directors have resigned from their positions citing "personal reasons."
The trio was Dalip Kumar Kaul, Khaver Alam Jeelani and Vikrant Kuthiala.
Srinagar-headquartered state-run bank in a regulatory filing said that "three directors have tendered their resignations from the Directorships of the Bank due to personal reasons with effect from June 29, 2016".
All the three had been prominent faces. Officials said Dalip was Managing Partner of Baweja & Kaul, a firm of Chartered Accountants. A Fellow Member of the Institute of Chartered Accountants of India (ICAI).
Likewise Khaver, was CEO of Hotel Highlands Park, Gulmarg. Prior to this he was associated with Morgan Stanley Investment Management (London) from the year 2002 to 2007.
Vikrant Kuthiala, is a prominent Businessman from Jammu with interests in steel manufacturing and hydel projects, he is also representing on the committees of various academic and professional organizations.
As of now the bank has seven directors on its Board. Of these, one is the Chairman and Chief Executive Officer Mushtaq Ahmad.
Officials said among others are three independent directors -- Azhar-ul-Amin, Masooda Jabeen and Rakesh Kumar Gupta.
One RBI nominee-JP Sharma and two non-executive directors- Abdul Majid Mir and Navin Kumar Choudhary.
Even though the J&K Bank officials are silent over induction of new directors, sources said the government was discussing the matter at "secret meetings". |
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