SRINAGAR, Dec 30: Amitava Chatterjee assumed the role of Managing Director and Chief Executive Officer of Jammu and Kashmir Bank on Monday. He succeeds Baldev Prakash, who completed a three-year term.
With 34 years of industry experience, Chatterjee expressed his commitment to advancing the growth of J&K Bank.
“I aim to build on the solid progress made by the Jammu and Kashmir Bank in recent years. There is always potential for further growth, which we will actively pursue,” Chatterjee stated during an interview with PTI.
Previously, he served as the Deputy Managing Director of State Bank of India and held the position of Managing Director at SBI Caps, a fully-owned investment banking subsidiary of SBI.
As the primary customer base for the bank is located in Jammu, Kashmir, and Ladakh, he emphasized his intention to enhance customer services in these regions.
“Nonetheless, we will also seek opportunities for expansion across the rest of the country,” he added.
Chatterjee highlighted the importance of leveraging technology to optimize operations within the bank.
“The bank has demonstrated its ability to effectively manage non-performing assets, successfully reducing the NPAs from 10% to below 4%. We will strive to lower this figure even further,” he remarked.
Regarding a one-time settlement scheme for addressing non-performing assets, Chatterjee noted, “If it has been done before, it should not be overlooked as a possibility in the future.”
