Jammu and Kashmir Bank’s shares jumped 6% following the announcement that Amitava Chatterjee has been appointed as the second Managing Director (MD) and Chief Executive Officer (CEO) of the bank.
Chatterjee, currently the Deputy Managing Director at the State Bank of India (SBI), brings extensive leadership experience, having previously served as the MD & CEO of SBICAPS. This leadership change comes as Baldev Prakash’s tenure as MD & CEO concludes on December 29, 2024. The market response reflects investor confidence in Chatterjee’s expertise to drive the bank forward.
Jammu & Kashmir Bank shares opened at ₹99.01, reaching a high of ₹105.66 and a low of ₹98.62 during the trading session. The stock has witnessed a 52-week high of ₹152.50 and a low of ₹88.11, reflecting significant volatility over the past year.
As of 10:08 am, J&K Bank shares were trading 5.80% higher at Rs 103.87 on the NSE.
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