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RBI re-appoints nominee on J&K Bank board

Friday, December 4th, 2009

A dispute between Jammu & Kashmir Bank (J&K Bank) and its majority shareholder, the government of J&K, over a demand of Rs 111 crore raised by the state government, has apparently led to the return of the Reserve Bank of India (RBI) nominee on the bank’s board a few weeks ago. Continue Reading…