RBI approves S. Krishnan as non-executive chairman of J&K bank

RBI approves S. Krishnan as non-executive chairman of J&K bank

The Reserve Bank of India (RBI) has approved the appointment of Sankarasubramanian Krishnan, former MD & CEO of Punjab & Sind Bank and Tamilnad Mercantile Bank, as Non-Executive, Part-time Chairman (Independent Director) of Jammu and Kashmir Bank.

His appointment runs from November 13, 2025 to March 26, 2028. The central government currently holds a 59.40 percent stake in the Bank.

Krishnan, who started his banking career with Indian Bank in January 1983, was appointed Executive Director of Syndicate Bank by the Government of India and served from November 1, 2017 to March 31, 2020. He led the bank’s merger process with Canara Bank.

He was appointed Executive Director of Canara Bank by the government from April 1, 2020 to September 3, 2020.

Krishnan was appointed MD and CEO of Punjab & Sind Bank by the government from September 4, 2020 to May 31, 2022. He also served as chairman of the bank’s board of directors from June 2021 to May 2022.

Post retirement and approval of appointment by the Reserve Bank of India, he took over as MD & CEO of Tamilnad Mercantile Bank from September 4, 2022 to June 7, 2024.

At the end of September 2025, J&K Bank’s deposits and advances stood at ₹1,52,030 crore (up 10.23 per cent YoY) and ₹1,05,153 crore (up 9.38 per cent YoY) respectively.

Amitava Chatterjee, MD & CEO said, “With nearly 10% year-on-year growth in business numbers reaching Rs 2.57 lakh crore (deposits plus advances), our performance in the second quarter (July-September) demonstrates the Bank’s operational discipline.”

The bank’s second-quarter net profit of ₹494 crore fell around 10 per cent year-on-year but remained almost flat on a sequential basis.

Published on November 14, 2025

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