The Jammu & Kashmir Bank Limited has informed the Exchange regarding Joining of Mr Ketan Kumar Joshi as Chief Financial Officer of the company w.e.f. July 17, 2025.
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Jammu & Kashmir Bank has appointed Mr. Ketan Kumar Joshi as its new Chief Financial Officer with effect from July 17, 2025, for a 3-year term. He takes over from Mr. Fayaz Ahmad Ganai, who has stepped down as CFO consequent to the new appointment. Mr. Joshi is a qualified Chartered Accountant with over three decades of banking experience, including senior finance roles at North East Small Finance Bank, IndusInd Bank, Bank of Tokyo-Mitsubishi UFJ, and three banks in Afghanistan. His prior track record includes raising ~Rs. 97 crore in equity, selling stressed assets of ~Rs. 535 crore to an ARC, and leading core banking system migrations. The appointment was disclosed under SEBI LODR Regulation 30, as a follow-up to an earlier communication dated June 27, 2025.
The new CFO brings deep experience in capital raising, balance sheet cleanup, and regulatory compliance, which should support J&K Bank's financial management. For shareholders, this is a routine KMP transition with a seasoned professional taking the finance helm, and is not expected to materially shift the stock price on its own.