Jammu & Kashmir Bank has appointed Mr. Rakesh Magotra as the Chief Compliance Officer (CCO) and Group Compliance Officer (GCO) for a period of three years effective July 04, 2026. The appointment sees Mr. Magotra succeed Mr. Peer Masood Ahmad, strengthening the bank's compliance framework and governance standards. The Board of Directors approved the decision during a meeting held on July 04, 2026, pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Magotra brings over 30 years of experience in retail banking, credit, strategy, operations, governance, and business transformation. Prior to this role, he served as General Manager and Head of the Retail Banking Division, where he led Retail Assets, Agriculture, MSME, Government Sponsored Schemes, and Liability Management. An alumnus of the National Institute of Technology (NIT), Jaipur and the Indian Institute of Management (IIM), Amritsar, where he was awarded the Director's Medal, he is currently pursuing a Ph.D. in Economics at IIM Jammu.

Since joining Jammu & Kashmir Bank as a Probationary Officer in 1996, Mr. Magotra has held several key leadership positions, including Zonal Head, Delhi Zone, Advisor to the Chairman, Head of Financial Inclusion, and Head of Supervision & Control. He has led strategic initiatives in MSME financing, financial inclusion, startup financing, and institutional partnerships.

Key Appointment Details

Jammu and Kashmir Bank has appointed M/s Bigshare Services Private Limited as its Registrar and Transfer Agent (RTA) effective March 1, 2026. The bank disclosed this information in a regulatory filing submitted to the National Stock Exchange of India Limited and The BSE Limited pursuant to Regulation 6 and 7 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment ensures compliance with regulatory requirements regarding the maintenance of shareholder records.

Compliance Officer and RTA Details

The filing provided specific details regarding the Compliance Officer and the newly appointed RTA for the quarter ending June 2026. The RTA will operate from its office located in Andheri East, Mumbai, Maharashtra.

Mohammad Shafi Mir, who holds the membership number FCS 8516, continues to serve as the Compliance Officer and Company Secretary for the bank. The appointment of M/s Bigshare Services Private Limited marks a change in the entity responsible for managing share-related administrative functions for the bank.