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Jammu & Kashmir Bank denies report on board push to split CEO, chairman role

Jammu & Kashmir Bank Ltd. denied a media report that said its board is pressuring management to split the role of chairman from that of CEO.

The Indian bank said a Business Standard report claiming that the board is putting pressure on management to split the roles "is factually incorrect and appears to be fabricated."

The publication reported Feb. 16 that board members want Parvez Ahmed to either retain his role as CEO or as chairman but not both. He was appointed as CEO and chairman of the bank in 2016 for a three-year term.