Following his appointment last week, Amitava Chatterjee today assumed the responsibility as J&K Bank’s Managing Director & Chief Executive Officer after taking over the charge from Baldev Prakash, whose three-year term ended today.
In a formal function held at the Bank’s corporate headquarters, Amitava Chatterjee – a seasoned banker with over three decades of experience at State Bank of India (SBI) – was welcomed by the outgoing MD & CEO Baldev Prakash along with Bank’s Executive Director Sudhir Gupta and top management functionaries.
After taking charge, MD & CEO Amitava Chatterjee expressed his gratitude and enthusiasm. “I feel honoured to have this opportunity to lead J&K Bank – an institution with a rich legacy of trust and excellence. I look forward to working with the talented team to build upon the strong foundation laid by my predecessor, Mr. Baldev Prakash, and to drive the Bank’s vision of financial empowerment with sustainable growth and innovation.” Notably, Amitava Chatterjee has also served as MD SBI Caps – a wholly owned investment banking subsidiary of SBI.
Earlier, welcoming Amitava Chatterjee, the outgoing MD & CEO Baldev Prakash expressed confidence in the new leadership saying, “I am delighted to pass the baton to Mr. Amitava Chatterjee, whose caliber and experience match well with the requisites of this position. His extensive knowledge and proven track record in the banking sector, I believe, will further strengthen this institution and propel it to greater heights.”
On the occasion, the Bank also organized a farewell for Baldev Prakash, who served the Bank as its first MD & CEO since December – 2021 and has led the significant transformation of the Bank.
In his farewell message, Baldev Prakash said, “Serving this great institution has been an extraordinary honour and I sincerely thank all our stakeholders – especially the entire J&K Bank family, our esteemed promoters and the Board of Directors —for their unwavering trust, support and guidance. As a team, we have transformed the Bank into a thriving, resilient and future-ready institution.”
The Bank’s management and staff extended heartfelt gratitude to Baldev Prakash for his outstanding contributions and wished him success in his future endeavours. They also expressed confidence in the new MD & CEO Amitava Chatterjee’s leadership to steer the Bank towards its next phase of growth and excellence.
Meanwhile, under the new leadership, the Bank remains committed to deliver value to its customers, investors and societies across its areas of operations while reinforcing its pivotal position in driving the economic development of J&K and Ladakh.
