New Delhi: Jammu and Kashmir People’s Conference chairman Sajad Gani Lone on Sunday asked state governor Satya Pal Malik to restrict itself to basic governance. Taking it to the micro-blogging site Twitter, Lone said, “The governor administration needs to restrict itself to basic governance. No structural changes pertaining to PRC or JK Bank are acceptable. Restrict your energies to what u r mandated to do— which incidentally u r not doing. Please don’t invent new problems.”Also Read - TV Actor Shot Dead, 10-Year-Old Nephew Injured by Militants In Kashmir's Budgam, Area Cordoned Off

His tweet came after Governor Satya Pal Malik had approved the proposal for treating the J&K Bank Limited as a Public Sector Undertaking (PSU). The SAC move has come under widespread criticism from mainstream political parties, separatists and business and trade organisations in the state. Also Read - Yasin Malik Sentenced To Life In Prison In Terror Funding Case | Top Developments

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The bank has been brought under the purview of the Right to Information (RTI) act, the Chief Vigilance Commissioner (CVC) guidelines and the State Legislature.

Established in 1938, the J&K Bank Ltd is the only state government promoted a bank in the country, with the Jammu and Kashmir government currently holding 59.3 per cent of the shares. Being the major shareholder, the government felt that the bank should have a character of a PSU which is subject to the general supervision and access for enhanced transparency in the transaction of its business to promote public trust, the official had said.

The purpose of the SAC’s decision was not to question the day-to-day activities of the bank management but a step towards strengthening corporate governance, he had said.

In the recent past, Malik has been in headlines for the making statement like New Delhi wanted to see Peoples Conference leader Sajad Lone as Chief Minister.

Malik had publicly admitted on November 24 in Gwalior that had he looked for directions from Delhi on how to tackle the political crisis in Jammu and Kashmir, he would have had to install BJP-backed Sajad Lone as the Chief Minister. Later, he took a U-turn while speaking to a news channel and said that there was no political pressure or interference from the Centre.

On November 21, Malik had abruptly dissolved the Assembly evening after Peoples’ Democratic Party leader Mehbooba Mufti staked claim to form a government along with the support of her arch-rival Omar Abdullah’s National Conference (NC) and the Congress. They claimed the support of 56 lawmakers in the 87-member state assembly. A number of leaders have condemned the governor’s decision to dissolve the assembly abruptly while terming the decision as a “politically-motivated move.”

Satya Pal Malik was sworn-in as the Governor of Jammu and Kashmir in August. Malik was the former governor of Bihar. Malik had ended the five-decade-long practice of retired bureaucrats being appointed to the post.