Ketan Kumar Joshi joins as Chief Financial Officer (CFO) of Jammu & Kashmir Bank

Mr. Ketan Kumar Joshi has joined and taken charge as Chief Financial Officer of Jammu and Bank with effect from today i.e. 17th July, 2025. Consequent upon the assumption of charge by the new CFO, Mr. Fayaz Ahmad Ganai has ceased to be the Chief Financial officer of the Bank.

S. No.	Requirement	Response
1	Name of Chief Financial Officer	Mr. Ketan Kumar Joshi
2	Reason for change	Appointment
3	Date of appointment	July 17, 2025
4	Term of appointment	3 years
5	Brief profile (in case of appointment)	Profile enclosed as Annexure B
6	Disclosure of relationships between directors (in case of appointment of a director)	NA

PROFILE OF MR. KETAN KUMAR JOSHI

Name: Mr. Ketan Kumar Joshi
Date of Birth: 25-06-1968
Qualification: B. Com. (HONS), CA. CS (Gr. 1), JAIIB, IFRS from NIBM.

Experience:

• CFO at North East Small Finance Bank Ltd (Aug 2019 – Jun 2024)
  • Sold stressed portfolio of around ₹535 crore to ARC, cleaning balance sheet
  • Initiated merger with Bangalore-based Fintech
  • Raised ₹97 crore via private placement, brought marquee foreign investors
  • Migrated from FIS (PROFILE) to BSG (TURING) system
  • Aligned capital with business growth, supported equity dilution as per regulation
• CFO at Maiwand Bank (Mar 2016 – Mar 2019)
• CFO at Bakhtar Bank (Aug 2014 – Jan 2016)
• CFO at Ghazanfar Bank (Nov 2013 – Apr 2014)
  • Member of Board Committees – ALCO, Investment, Credit
  • Prepared and reviewed budgets, provided MIS to Board and Shareholders
• Sr. Vice President, The Bank of Tokyo-Mitsubishi UFJ Ltd, Mumbai (Nov 2011 – Oct 2012)
  • Head of Accounts Dept., part of Operational Risk Management Committee
  • Dealt with treasury transactions, initiated related policies
  • Responsible for Nostro/Vostro reconciliation
  • Submitted reports under IFRS, JGAAP, US GAAP
• Deputy VP – Head Finance & Accounts, IndusInd Bank Ltd (Mar 2008 – Oct 2011)
  • Managed capital raising (Tier II bonds, IPOs, QIPs)
  • Coordinated with RBI and auditors
  • Oversaw DTL/NDTL computation, CRR/SLR compliance