TNL Network
Srinagar, Dec 30: Amitava Chatterjee formally assumed the role of Managing Director and Chief Executive Officer of Jammu and Kashmir Bank on Monday, succeeding Baldev Prakash, whose three-year tenure came to an end.
With an illustrious career spanning 34 years, Chatterjee brings extensive experience to his new role. Speaking on the occasion, he emphasized his commitment to advancing the bank’s growth trajectory. “My focus will be on continuing the good work done by Jammu and Kashmir Bank over the past few years. There is always room for growth, and that’s what we will prioritize,” he said.
Chatterjee has previously served as Deputy MD of the State Bank of India and as MD of SBI Caps, a wholly-owned investment banking subsidiary of SBI.
Acknowledging the bank’s strong customer base in Jammu, Kashmir, and Ladakh, Chatterjee stressed the importance of improving services in the region. “While our primary focus will be on our core regions, we will also explore opportunities across the rest of the country as part of the growth story,” he added.
A key area of focus under Chatterjee’s leadership will be leveraging technology to enhance operational efficiency. He also lauded the bank’s progress in addressing non-performing assets (NPAs), which have been reduced from 10% to below 4%, and expressed determination to lower them further.
Regarding the possibility of a one-time settlement scheme for NPAs, Chatterjee remarked, “If it has been implemented in the past, it cannot be ruled out in the future.”
Chatterjee’s tenure is expected to build upon the bank’s solid foundation while steering it toward greater expansion and innovation.
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