Under the Centre’s scrutiny for some time, the Jammu & Kashmir Bank has announced to onboard Rajni Saraf as the new Chief Financial Officer (CFO) with immediate effect. The decision was taken at the board meeting of the bank.
“The board of directors of the bank in their meeting held on April 27, 2022, have appointed Rajni Saraf as CFO of the bank with effect from April 27, 2022, till engagement of new CFO in place of Balvir Singh Gandhi,” J&K Bank said in a regulatory filing.
Gandhi has ceased to be CFO of the bank, the bank said. Saraf had joined the bank as a probationary officer in 1986 and has held various positions in her career spanning over three decades.
Her areas of expertise include branch operations, credit, strategy, supervision & control, and risk management, the bank said. J&K Bank stock closed 0.48 percent up at Rs 31.25 on BSE.