Bank of Maharashtra has informed the Exchange regarding Change in Director(s) of the company.
MAHABANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bank of Maharashtra has appointed Mr. Mrutyunjay Mahapatra as Shareholder Director, effective 1st July 2025, for a three-year term. He was elected through a shareholder poll, receiving the majority of votes in an election conducted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Mr. Mahapatra is a seasoned banker with over 40 years of experience, having joined SBI in 1982 and later serving as Deputy Managing Director at SBI and as MD & CEO of Syndicate Bank from 2018 to 2020. He holds an M.Sc. in Physics along with multiple advanced qualifications in management and finance. He is not debarred from holding directorship by any authority and has no relationship with existing directors.
This is a routine board addition of an experienced banking professional, which brings strong BFSI sector expertise to the board. No material impact on share price is expected as it is a shareholder-elected non-executive role.