Jammu and Kashmir Bank has dismissed employee Sajad Ahmad Bazaz over allegations of being a threat to the security of the state. Bazaz, who worked as a chief manager of the bank, had his services terminated immediately. The decision was made after considering a report from credible agencies, which found that Bazaz's activities warranted his dismissal under Rule/Provision 12.29 in the Officers Service Manual. No further details or specific reasons for the allegations against Bazaz were provided in the news article.