J&K

JK Bank Chief sacked for indulgence into corruption, nepotism, favouritism, backdoor appointments

New Delhi: Parvez Ahmad Nengroo, who was sacked from the post of J&K Bank chairman on Saturday, is alleged to have sanctioned loans worth hundreds of crores of rupees, in brazen violation of laid down guidelines and standard operating procedures, to clients recommended by former ministers in PDP-BJP government. J&K Anti-corruption Bureau (ACB is now […]

J&K

Omar welcomes steps for improving JK Bank functioning, warns against playing politics with it

Srinagar: National Conference vice-president Omar Abdullah Sunday said steps taken to improve functioning of the Jammu and Kashmir Bank would be welcomed, but the administration must guard against playing politics with the financial institution. The Jammu and Kashmir Governor’s administration Saturday removed Parvez Ahmad as the chairman of the bank and appointed its executive president […]