Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
The smouldering of anger in Ladakh
access_time 29 March 2024 4:20 AM GMT
Democracy that banks on the electorate
access_time 28 March 2024 5:34 AM GMT
Lessons to learn from Moscow terror attack
access_time 27 March 2024 6:10 AM GMT
Gaza
access_time 26 March 2024 4:34 AM GMT
The poison is not in words, but inside
access_time 25 March 2024 5:42 AM GMT
DEEP READ
Schools breeding hatred
access_time 14 Sep 2023 10:37 AM GMT
Ukraine
access_time 16 Aug 2023 5:46 AM GMT
Ramadan: Its essence and lessons
access_time 13 March 2024 9:24 AM GMT
When ‘Jai Sree Ram’ becomes a death call
access_time 15 Feb 2024 9:54 AM GMT
exit_to_app
Homechevron_rightIndiachevron_rightSearches resume at J&K...

Searches resume at J&K Bank corporate headquarters

text_fields
bookmark_border
cancel
camera_alt""

Srinagar: A team of the Anti-Corruption Bureau (ACB) resumed searches on Sunday at the corporate headquarters of the J&K Bank here, after completing a nearly 10-hour raid the previous day.

The team are searching for a collection of evidence for alleged mismanagement in one of the state's premier financial institutions.

Earlier reports had said the ACB raids were specifically being carried out in connection in 1,200 appointments made by the bank in 2017.

Informed sources said the scope of the ACB investigation has been extended to the loans and non-performing assets (NPA) portfolios of the bank.

In a sudden move, the Jammu and Kashmir government, which owns 59 per cent shares of the bank, sacked Chairman Parvez Ahmed on Saturday and appointed R.K. Chibber as the Interim Chairman.

J&K bank is the only private sector bank designated as the Reserve Bank of India's agency for banking business. It carries out the banking business of the Central government besides collecting central taxes for CBDT.

The Bank was incorporated in 1938 and is listed on the NSE and BSE.

 

 

Show Full Article
News Summary - Searches resume at J&K Bank corporate headquarters
Next Story