Amitava Chatterjee Steers J&K Bank to New Frontiers

Amitava Chatterjee takes charge as MD and CEO of Jammu and Kashmir Bank, following Baldev Prakash's term end. With 34 years in the banking sector, Chatterjee aims to boost the bank's growth, enhance services in Jammu, Kashmir, and Ladakh, and leverage technology for operational improvements.

Amitava Chatterjee has assumed the role of Managing Director and Chief Executive Officer at Jammu and Kashmir Bank, succeeding Baldev Prakash, whose term has concluded. Chatterjee, who brings 34 years of industry experience, expressed his commitment to furthering the bank's growth trajectory.

Chatterjee emphasized enhancing the bank's services in Jammu, Kashmir, and Ladakh, which remain its core markets. He also plans to explore growth opportunities across the country and innovate using technology to optimize the bank's operations.

With notable success in reducing non-performing assets to below four percent, Chatterjee aims to decrease them further. On potentially reintroducing a one-time settlement scheme for NPAs, he indicated openness, citing its past use.

(With inputs from agencies.)