Fayaz Ganai Named CFO Of J&K Bank

Jammu & Kashmir Bank has named Fayaz Ahmad Ganai as its Chief Financial Officer (CFO) for a term of three years, starting from 16 April 2024.

The bank disclosed Ganai's appointment to the stock exchanges in adherence to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ganai, a chartered accountant by profession, brings more than 15 years of extensive experience in large corporate entities and financial institutions, with a significant portion spent in senior management positions. His expertise encompasses finance, corporate and retail credit, accountancy, balance sheet management and taxation (including income tax and GST).

This appointment coincides with Jammu & Kashmir Bank's announcement of a 35.13 per cent year-on-year surge in its standalone net profit to Rs. 421.08 crore for the third quarter of the fiscal year 2023-24 (Q3 FY24). Additionally, the bank's total income witnessed a growth of 14.18 per cent to Rs. 3,063.30 crore during the same period.