Change in Chief Financial Officer of the Bank
Awaiting price reaction for this filing.
Bank of Maharashtra has appointed Shri Sunil Dhoot, currently Deputy General Manager, as its new Chief Financial Officer effective 1st June 2025. He replaces Shri Srivastava Vijay Prakash Jai Prakash, who has been elevated to the role of Chief General Manager within the bank. The reason cited for the change is 'Administrative Ground.' Sunil Dhoot, aged 39, is a Chartered Accountant and Company Secretary who joined the bank in 2009 as a Specialist Officer and brings 15 years of internal experience across branch, zonal, and credit functions. This is a fully internal succession with no external hire.
This is a routine internal management transition with no negative connotation — the outgoing CFO has been promoted within the bank and the incoming CFO is a long-tenured insider. Shareholders should view this as business-as-usual with negligible impact on the stock.