 "J&K Bank tanks 20% after Chairman sacked")
Shares of Jammu & Kashmir (J&K) Bank tanked 20 per cent to Rs 47.60 apiece on the BSE on Monday after reports suggested that the Anti-Corruption Bureau (ACB) alleged Parvez Ahmed, now-removed chairman-cum-managing director, of indulging in unlawful activities.
The searches on the premises of the J&K Bank, which started on Saturday after an FIR was lodged by the ACB, concluded on Sunday and revealed involvement of Ahmed in corruption, nepotism and favouritism. CLICK HERE TO READ FULL REPORT.
Soon after, the state government removed Ahmed from the post of chairman-cum-managing director of the bank. RK Chhibber has
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