Governor stirs a hornet’s nest over J&K Bank, leading to protests and then a step back.
![Bank Roll & Tumble Plan](https://magarticles.magzter.com/articles/241/317743/5c09224191ff8/Jammu-Kashmir-Banking-Srinagar.jpg)
A huge banner outside the main gate of the J&K Bank headquarters in Srinagar reads: “Honour the sentiments of people and stop (playing) politics. Rollback SAC decision.” It has been put up by the All India Jammu and Kashmir Bank Officers Federation, which is asking the government to revoke the State Advisory Council’s (SAC) November 22 decision to treat the J&K Bank Limited as a public sector undertaking (PSU). The SAC meeting was chaired by governor Satya Pal Malik and the decision was taken without consulting the bank’s board of directors, which include five independent directors, a state government nominee and an RBI nominee.
The move has created a political storm with all regional parties and trade bodies across J&K insisting that the governor revoke the order. Raising concern over “politicising the autonomy of J&K Bank”, the Jammu Chamber of Commerce and Industry as well as the Kashmir Chamber of Commerce and Industry have asked the governor to review the decisi
Inside the bank’s corporate HQ, officers are worried about the consequences of the decision. They fear government control would turn the bank into an entity like any other state PSU, most of which are running losses due to alleged political and bureaucratic interference. “Bring the bank under the ambit of the Right to Information Act by all means, but changing its character and making it a PSU is fraught with danger,” says an official.
This story is from the December 17, 2018 edition of Outlook.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 17, 2018 edition of Outlook.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
![Criminal Amnesia](https://reseuro.magzter.com/100x125/articles/241/1819030/d52k83cu41725278926751/crp_CRIMINAL-AMNESIA.jpg)
Criminal Amnesia
The focus may have now shifted to the Kolkata gang rape case, but questions about the sexual violence in Manipur since May 2023 remain unanswered
![To Rape A Wife](https://reseuro.magzter.com/100x125/articles/241/1819030/3HGWlQ6881725280687456/crp_TO-RAPE-A-WIFE.jpg)
To Rape A Wife
Survivors of marital rape face twin hurdles: a lack of legal framework to deal with these cases and the social stigma that comes with reporting them
![A City Violated](https://reseuro.magzter.com/100x125/articles/241/1819030/K4CYTlVWO1725278786929/crp_A-CITY-VIOLATED.jpg)
A City Violated
Public outburst of anger over the rape and murder of a junior doctor in Kolkata has left the Mamata Banerjee government puzzled, worried
![The Forest of Loss](https://reseuro.magzter.com/100x125/articles/241/1819030/Hs3uzqv4x1725281539269/THE-FOREST-OF-LOSS.jpg)
The Forest of Loss
From a legal perspective, justice appears to have been served in the 2017 Gudiya rape and murder case at Kotkhai, Himachal Pradesh. But several questions persist
![Here, Nobody Speaks of the Wounds](https://reseuro.magzter.com/100x125/articles/241/1819030/gyA2Dq9gZ1725281415367/HERE-NOBODY-SPEAKS-OF-THE-WOUNDS.jpg)
Here, Nobody Speaks of the Wounds
Muhammad Iqbal Shah's 14-year-old cousin was gang-raped and murdered at Handwara town, Kupwara, in 2007. The family is still trudging along the long road to justice
![She Must Have Been Afraid](https://reseuro.magzter.com/100x125/articles/241/1819030/1S7Zm02QJ1725281313088/SHE-MUST-HAVE-BEEN-AFRAID.jpg)
She Must Have Been Afraid
The 2012 Delhi gang rape is reflective of a systematic failure to cleanse the societal malaise
![The Burning Woman](https://reseuro.magzter.com/100x125/articles/241/1819030/ZBdKSaGun1725281170578/THE-BURNING-WOMAN.jpg)
The Burning Woman
UP has the highest rate of crimes against women, and the district of Unnao has seen some of the State's most gruesome cases
![Naked (vs.) Justice](https://reseuro.magzter.com/100x125/articles/241/1819030/-FD7ccoWk1725281015540/NAKED-VS-JUSTICE.jpg)
Naked (vs.) Justice
On March 14, 2006, Latabai and her son, six, were paraded naked in a village in Solapur. Less than six months later, four members of a Dalit family were paraded naked; mother & daughter were allegedly gang-raped
![Songlines of Chambal](https://reseuro.magzter.com/100x125/articles/241/1819030/6fcv7Vusf1725280830007/SONGLINES-OF-CHAMBAL.jpg)
Songlines of Chambal
How do the residents of Sheikhpur Gudha, Phoolan Devi's village in Uttar Pradesh, remember her: as a survivor, a rebel, a leader?
![Don't You Remember My Story?](https://reseuro.magzter.com/100x125/articles/241/1819030/y8z4xX8_f1725280552018/DONT-YOU-REMEMBER-MY-STORY.jpg)
Don't You Remember My Story?
A child gang rape survivor's 12-year long ordeal in Sikar, Rajasthan shows how calls for punishment of perpetrators don't always mean empathy for the victim