J&KBANKNSEThe Jammu & Kashmir Bank Limited· BanksMediumNeutral
Announced Wed, 22 Apr · 17:37 IST

The Jammu & Kashmir Bank Limited has informed the Exchange regarding Appointment of Mr Pravin Raghavendra as an Additional Director in the category of Independent Directors of the company w.e.f. April 23, 2026.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-5.1%1-day move
₹132.50
prior close
₹132.19
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AI summary

Jammu and Kashmir Bank has announced two board appointments effective April 23, 2026. First, Mr. Ashish Kundra, an IAS officer from the 1996 batch, currently serving as Chief Secretary of Union Territory of Ladakh, joins as an Additional Rotational Director. Second, Mr. Pravin Raghavendra, a veteran banker with over 35 years of experience at State Bank of India including his tenure as Deputy Managing Director and Chief Operating Officer, joins as an Additional Independent Director for a 3-year term. Both appointments are subject to shareholder approval.

Likely market impact

The additions bring experienced governance professionals to the board, with Pravin Raghavendra's extensive banking operations background particularly relevant for a bank. The appointments strengthen the board's expertise and comply with independent director requirements.