SRINAGAR, April 24: The Board of Directors of the Jammu and Kashmir Bank has approved the appointment of Ashish Kundra, an Indian Administrative Service (IAS) officer of the 1996-batch AGMUT cadre, and Pravin Raghavendra, a banking professional, as Additional Directors. The decision, made during a board meeting on April 22, 2026, awaits shareholder ratification.
Information was available with The Chenab Times that Ashish Kundra, currently serving as the Chief Secretary of the Union Territory of Ladakh, has been appointed as a Rotational Director. His administrative experience is expected to bolster the bank’s strategic direction.
Pravin Raghavendra’s appointment as an Additional Director in the Independent Directors category is for a three-year term, commencing April 23, 2026, and concluding on April 22, 2029. His inclusion is intended to bring independent professional oversight and enhance governance standards at the bank.
These appointments are part of a broader initiative by the Jammu and Kashmir Bank to strengthen its directorial board by incorporating individuals with significant administrative acumen and deep expertise in the banking sector. The move is designed to navigate the evolving financial landscape and ensure robust leadership for the institution.
The Jammu and Kashmir Bank, a key financial institution in the region, has been undertaking various measures to enhance its operational efficiency and corporate governance. The induction of experienced professionals like Kundra and Raghavendra is seen as a crucial step in this ongoing process, aiming to align the bank’s operations with best practices and regulatory requirements.
The bank’s board periodically reviews its composition to ensure it possesses the diverse skill sets necessary for effective oversight and strategic decision-making. The appointments are expected to be formally ratified by the shareholders at the bank’s upcoming annual general meeting, a standard procedure for such directorial changes.
The Chenab Times News Desk