J&KBANK: General Managers Rakesh Koul & Syed Rais Maqbool Retire
Mr. Rakesh Koul and Mr. Syed Rais Maqbool, General Managers at The Jammu & Kashmir Bank Limited, have retired due to superannuation. Their cessation from the role of Senior Management Personnel is effective from August 31, 2026.
The retirement of senior management due to superannuation is a common and expected event. Unless these individuals held critical roles directly impacting immediate business performance or strategy, the impact on the bank is generally considered low.
The announcement is a routine disclosure regarding the retirement of senior management due to superannuation, which is a standard corporate event and does not inherently carry a positive or negative financial implication.
The Jammu & Kashmir Bank Limited has announced the retirement of two of its General Managers, Mr. Rakesh Koul and Mr. Syed Rais Maqbool. Both individuals attained the age of superannuation and consequently ceased to be Senior Management Personnel of the bank at the close of business hours on August 31, 2026.
This disclosure is made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Master Circular dated January 30, 2026. The bank has provided the necessary details regarding the change in its senior management due to superannuation.
A plain-language summary of a public exchange filing by The Jammu & Kashmir Bank Limited. Read the original for the full detail.