J&K Bank to come under RTI, CVC
17th Jun 2019

Jammu & Kashmir Bank (J&K) will now come under the purview of Right to Information Act (RTI) and Central Vigilance Commission (CVC) guidelines. The decision was taken by the Board of Directors of the Bank and its will ensure greater transparency and accountability.

The decision comes after Parvez Ahmed was removed as the Chairman of the J&K Bank for alleged corruption, nepotism and favouritism.

Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.