Jammu and Kashmir (J&K) Bank has announced the appointment of Amitava Chatterjee as its new Managing Director (MD) and Chief Executive Officer (CEO) for a three-year term, effective from December 30, 2024. The bank’s board approved the appointment, marking a significant leadership change aimed at steering the bank toward future growth.  

A seasoned banker with over three decades of experience, Chatterjee holds a Master’s degree in Business Administration from ICFAI University, Hyderabad, and is a Certified Associate of the Indian Institute of Bankers (CAIIB). Currently serving as Deputy Managing Director at State Bank of India (SBI), he has previously held key positions, including MD & CEO of SBICAPS, and led SBI’s operations as Chief General Manager for New Delhi and Jaipur Circles.  

Throughout his career, Chatterjee has worked across diverse geographical locations and handled strategic roles involving business development, risk management, compliance, HR functions, and engagement with public sector units (PSUs), non-banking financial companies (NBFCs), and DISCOMs.  

J&K Bank, a private sector scheduled commercial bank, reported a robust 44.6% year-on-year increase in standalone net profit to ₹550.92 crore in Q2 FY25, supported by a 15.7% rise in total income to ₹3,419.63 crore. On December 24, 2024, the bank’s shares rose 0.74%, closing at ₹98.12.