Current Affairs - Banking - Discussion

As per the Chief Vigilance Commissioner (CVC) guidelines and the State Legislature, the Jammu and Kashmir bank was brought under the purview of the Right to Information (RTI) act. The decision was taken by the State Administrative Council (SAC) chaired by Governor Satya Pal Malik. The objective of the decision was to strengthen better corporate governance. As per the proposal, hereafter, the J&K Bank Limited will be treated as a Public Sector Undertaking (PSU).