KL NEWS NETWORK
SRINAGAR
Three directors in Jammu and Kashmir Bank on Wednesday have resigned from their positions.
Top sources revealed to Kashmir Life that three of Jammu and Kashmir Bank directors put in their papers today.
The directors who resigned from their posts were identified as Dileep Kumar Kaul, Vikrant Kuthiala and Khaver Alam Jeelani.
The sources, however, did not assign any reason as why the trio resigned from their positions.
Dalip Kumar Kaul is a Managing Partner of Baweja & Kaul, a firm of Chartered Accountants. A Fellow Member of the Institute of Chartered Accountants of India (ICAI), he has a Bachelor’s Degree in Commerce (Honours) and LLB from University of Delhi. He also has a Master’s Degree in Business Administration (Finance) and has specialized in Merchant Banking, Risk Management, Treasury and International Finance.
Khaver Alam Jeelani, aged 35, is CEO of Hotel Highlands Park, Gulmarg. Prior to this he was associated with Morgan Stanley Investment Management (London) from the year 2002 to 2007.
Jeelani holds B A Hons in Industrial Economics from the University of Nottingham (Business School) and MSc in Economics and Finance from the University of Warwick (Warwick Business School) besides being an Associate of Securities Institute (UK).
Vikrant Kuthiala is B Com (Hons) from Hindu College, Delhi University. A prominent Businessman from Jammu with interests in steel manufacturing and hydel projects, he is also representing on the committees of various academic and professional organizations, prominent being the Regional Advisory Committee of Central Excise & Customs, J&K, Chamber of Commerce & Industry, Jammu and J&K State Committee of Federation of Industries of India, New Delhi. He is also a Member of India Islamic Cultural Centre, New Delhi and INTACH, J&K Chapter, Jammu.
Since the induction of the qualified professional independent directors in August 2014 , the true figure of NPA disclosure started.It seems that the resignation has taken place under mysterious circumstances as stated in the article.The reasons for resignation donot seem personal.This sudden resignation of the qualified professional independent directors before completion of their tenure needs to be looked into by RBI.This shakes the faith of the FII’s , who are a huge shareholder in this bank.