Rajesh Kumar Chhibber
Rajesh Kumar Chhibber | |
|---|---|
| Occupation | Banking professional |
| Years active | 1982–2021 |
| Known for | CEO and managing director of Jammu and Kashmir Bank |
Rajesh Kumar Chhibber is an Indian banking professional who formerly held the positions of CEO and managing director at Jammu and Kashmir Bank (J&K Bank).
Banking career
Chhibber's journey with J&K Bank commenced in 1982 when he joined as a Probationary Officer.
On 10 June 2019, he was designated as the Interim Chairman and Managing Director of J&K Bank, succeeding the previous chairman amid allegations of fraud. Subsequently, from 10 October 2019, he assumed the role of full-time chairman and managing director in accordance with section 10BB of the Banking Regulation Act, 1949.
Following the reorganization of Jammu and Kashmir into union territories in 2019, the Anti-corruption Bureau launched investigations into purported corrupt activities involving multiple bank officials, including former chairpersons Parvez Ahmad and Mushtaq Ahmad Sheikh.
The appointment of Chhibber as interim CMD received approval from the Reserve Bank of India in June 2019 after the state government removed Parvez Ahmad. Additionally, Chhibber held the position of Chairman at J&K Grameen Bank, a regional rural bank, and was elevated to Executive President of J&K Bank on 1 June 2018.
His leadership concluded on 27 October 2021, when Baldev Prakash took over as MD and CEO.