J&K Bank director R K Chhibber retires by rotation at 88th AGM

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • R K Chhibber retired by rotation at the 88th AGM on September 22, 2026
  • Directorship ceased upon conclusion of the annual general meeting
  • Retirement followed Section 152 of the Companies Act, 2013
  • Disclosure made under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
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Jammu and Kashmir Bank announced that Director R K Chhibber retired by rotation at the bank's 88th Annual General Meeting held on September 22, 2026. His tenure as a director concluded immediately following the end of the meeting.

Board Composition Update

The retirement was executed in accordance with Section 152 of the Companies Act, 2013 and the Articles of Association of the bank. The disclosure was made to stock exchanges pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of Cessation

Detail Information
Name of Director R K Chhibber
DIN 08190084
Reason for Change Retirement by rotation
Date of Cessation September 22, 2026
Term of Appointment NA

The filing did not disclose a brief profile or specific reasons beyond the statutory retirement by rotation. No details regarding relationships between directors or debarment confirmations were provided in the public disclosure.

Historical Stock Returns for Jammu & Kashmir Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.01%+0.46%-2.06%+22.82%+38.19%+294.43%

Who has been nominated or elected to fill the vacant directorship following R K Chhibber's retirement?

How might the change in board composition influence Jammu and Kashmir Bank's strategic direction for the upcoming fiscal year?

Are there any pending regulatory filings or disclosures regarding the appointment of the successor director?

J&K Bank signs escrow deal for ₹120.10 crore PNB Metlife stake sale

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Jammu & Kashmir Bank signed an escrow agreement on September 21, 2026
  • The bank is selling its 0.5% stake in PNB Metlife India Insurance
  • Total transaction value is ₹120.10 crore at ₹117.20 per share
  • MetLife International Holdings, LLC is the purchaser
  • Barclays entities act as escrow agents for the transaction
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Jammu & Kashmir Bank has signed an escrow agreement to sell its 0.5% stake in PNB Metlife India Insurance Company Limited for ₹120.10 crore.

The agreement was executed on September 21, 2026, with MetLife International Holdings, LLC as the purchaser. The transaction follows a Share Purchase Agreement dated July 17, 2026.

Transaction details

The escrow arrangement involves Barclays entities acting as agents to secure the interests of both parties during the transfer of shares and consideration.

Parameter Details
Counterparty MetLife International Holdings, LLC
Sale price per share ₹117.20
Total transaction value ₹120.10 crore
Stake sold 0.5%
Escrow Agents Barclays Wealth Trustees (India) Private Limited (Share), Barclays Bank PLC (Cash)

Regulatory disclosures

The bank disclosed the transaction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the transaction is not a related-party transaction and that it holds no shareholding in the counterparty or the escrow agents.

Historical Stock Returns for Jammu & Kashmir Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.01%+0.46%-2.06%+22.82%+38.19%+294.43%
Disclaimer: This article is AI-generated using data from LiveSquawk. ScanX is not liable for any inaccuracies.

How will the realization of ₹120.10 crore impact Jammu & Kashmir Bank's capital adequacy ratio and liquidity position in the upcoming quarter?

Does this sale signal a broader strategic shift for J&K Bank to divest from non-core insurance assets and focus exclusively on banking operations?

What are the implications of MetLife International Holdings increasing its stake in PNB Metlife India on the competitive landscape of the Indian life insurance sector?

More News on Jammu & Kashmir Bank

1 Year Returns:+38.19%