Day After His Removal from J&K Bank Board, Govt Appoints Zubair Iqbal As CFC For One Year

SRINAGAR: A day after government withdrew his nomination as director on board of J&K Bank, Zubair Iqbal has been appointed as Chief Financial Consultant (CFC) in the finance department of Jammu & Kashmir government.

Zubair Iqbal

As per the order bearing no. 75-FD of 2021, dated March 4, 2021 issued by department of finance, the engagement of Zubair is contractual in nature for a period of year. “In terms of Rule-194 of GFRs, sanction is hereby accorded to the engagement of Mr Zubair Iqbal, Ex. Senior Vice President, HDFC Bank, as Chief Financial Consultant in the Finance Department,” read an order signed by Dr Arun Kumar Mehta, Financial Commissioner, finance department.

Earlier, in a written communication to National Stock Exchange of India Ltd on March 3, the decision of government of J&K to withdraw nomination of Zubair was conveyed. “Pursuant to Regulation 30 of SEBI (LISTING Obligation and Disclosure Requirements) 2015, we wish to intimate that Mr Zubair Iqbal, Govt. Nominee Director (DIN:08742685) has ceased to be the Director on the Board of the Bank consequent upon withdrawal of his nomination by the Government of Jammu & Kashmir,” read the letter signed by Bank’s Company Secretary, adding “This is for your information and appropriate dissemination.”

Govt Withdraws Zubair Iqbal As JK Bank Director, Curtain Falls on First Appointed MD


With Zubair’s removal from the bank’s board, the number on the Board of Directors has come to be 10, which includes, R K Chibber, Executive director-cum-chairperson, Arun Kumar Mehta. Financial Commissioner, Nitishwar Kumar, Principal secretary to the Lieutenant governor, Rigzian Sampheal, Anil Kumar Misra, Vikram Gujral, Rajiv Lochan Bishnoi, Monica Dhawan, Naba Kishore Sahoo and Muhammad Ishaq Wani.


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