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After Article 370 abrogation, Jammu and Kashmir will go underneath central authorities management Article 370 impact: Jammu and Kashmir Financial institution will change into authorities, central authorities will management

New Delhi: Article 370 After the withdrawal, Jammu and Kashmir has now become a Union Territory. It is being reported that the Central Government Jammu & Kashmir Bank Will take over The government's attempt is to strengthen this bank. At present, the state government had 60 percent stake in this bank. The RBI had no control over this bank. In Jammu and Kashmir this bank's status was the same as the Reserve Bank.

According to information from sources, as soon as the Union Territory of Jammu and Kashmir is declared, 60 percent share of the state government will be transferred to the central government. As soon as the Central Government comes under the rule, the RBI's rules and regulations will be applicable to this bank. However, no official statement has been issued to this effect so far.

Jammu and Kashmir: Mehbooba Mufti can increase the difficulties, it is serious charges

Once the process is complete, the board of directors and the CEO will also be selected for its bank. Let us say, last year the chairman of the bank Parvez Ahmed was sacked. In this bank, dozens of people were given entry from the previous door. The investigation has reached the chief minister Mehbooba Mufti. In this regard, the ACB has asked them to answer some questions.

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Please tell, Governor Satyapal Malik had already ordered the implementation of the CVC guidelines along with bringing Jammu and Kashmir Bank under the purview of the RTI (J & K RTI Act 2009). However, some conditions have been added to it. When the Governor took this decision in the second week of June, he had said that due to the RTI, transparency in the functioning of the bank would come.


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