J&K Govt Reconstitutes Professional Board of Anantnag Central Cooperative Bank Ltd – Jammu and Kashmir Latest News | Tourism

SRINAGAR, OCTOBER 28: The government of Jammu and Kashmir has reconstituted the Professional Board of Anantnag Central Cooperative Bank Limited.
Pursuant to an order issued here today by the Department of Co-operatives in this regard, the sanction to the reconstitution of the Board of Directors has been granted under subsection (1) (a) of Article 30- B of Jammu and Kashmir Cooperative. Societies, Act 1989, for the implementation of Government of India / UT sanctioned stimulus packages of J&K to enable the Bank to achieve a Capital Risk Adequacy Ratio (CRAR).
The reconstituted council would consist of the administrative secretary of the cooperatives department as chairman; Deputy Commissioner, Anantnag; Budget Director, Finance Department; Director Horticulture, Kashmir; Abbas Hamid Dar, lawyer; Vaseem Ahmad Dar, Chartered Accountant; Ropan Sobti, Chartered Accountant and Manzoor Ahmed Attar, Former Chairman of J&K Bank Limited as Members, Candidates from RBI and NABARD as Special Guests and Managing Director/General Manager of the Bank as Member Secretary.
The Professional Board manages the affairs of the Bank for a period of one year or such other period as may be specified by the Government from time to time taking into account the impact of the stimulus program and the financial health of the Bank.

Virginia S. Braud