J&K Bank appoints Rakesh Magotra as Chief Compliance Officer

A seasoned banking professional with more than two decades of experience

Our Correspondent

Jammu, Updated At : 01:05 AM Jul 06, 2026 IST

Photo for representational purpose only. File photo

J&K Bank has appointed General Manager Rakesh Magotra as its Chief Compliance Officer (CCO) and Group Compliance Officer (GCO) for a period of three years. The appointment was approved by the Bank's Board of Directors and disclosed to the stock exchanges through a regulatory filing on Saturday.

A seasoned banking professional with more than two decades of experience, Magotra succeeds Peer Masood Ahmad in the role.

Before assuming his new responsibilities, Magotra served as General Manager and Head of the Retail Banking Division, overseeing the Bank's retail assets, agriculture, MSME, government-sponsored schemes and liability management portfolios.

Since joining J&K Bank as a Probationary Officer in 1996, he has held several key leadership positions, including Zonal Head, Advisor to the Chairman, Head of Financial Inclusion, and Head of Supervision and Control.

An alumnus of the National Institute of Technology (NIT), Jaipur, and the Indian Institute of Management (IIM), Amritsar, where he was awarded the Director's Medal, Magotra is currently pursuing a Ph.D. in Economics at IIM Jammu.

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J&K Bank appoints Rakesh Magotra as Chief Compliance Officer

A seasoned banking professional with more than two decades of experience

Our Correspondent

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