Explanation:

• The Jammu & Kashmir Government has appointed senior vice president of HDFC Bank Zubair Iqbal, as the new Managing Director (MD) of Jammu and Kashmir (J&K) Bank for a period of three years.
• RK Chibber, who currently holds the position of Chairman and Managing Director (CMD) of J&K Bank, will continue to serve as the Chairman of the bank for next three years.