Bank of Maharashtra Appoints Shri Sushanta Kumar Mohanty as Executive Director
Bank of Maharashtra has appointed Shri Sushanta Kumar Mohanty as an Executive Director on its Board. The Central Government notified the appointment, effective from April 15, 2026.The appointment was made in exercise of powers conferred by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, read with the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970. Shri Sushanta Kumar Mohanty, who previously served as Chief General Manager at Bank of Baroda, assumed the charge as Executive Director of the bank on April 15, 2026. His tenure is specified for a period of three years, or until further orders, whichever is earlier.
Shri Sushanta Kumar Mohanty brings over three decades of banking experience to the bank. He began his career as a Probationary Officer with Bank of Baroda and has held various senior leadership roles throughout his career. His professional experience includes service as a Zonal Head, Regional Head, and Branch Head, alongside specialized roles such as Head - International Banking Credit & Liabilities Management.
His professional postings were domestic and international, including a tenure in New York, USA, while with Bank of Baroda. Shri Mohanty has also served as a Director at Baroda U.P. Gramin Bank and FIMMDA. His expertise encompasses several key areas, including Treasury Operations (front office, specialised treasury functions, international banking, liabilities management), International Banking Credit, Retail & Corporate Banking Operations, and Forex Management.
The following table outlines key details regarding Shri Sushanta Kumar Mohanty's profile and appointment:
| Detail | Information |
|---|---|
| Name | Sushanta Kumar Mohanty |
| Age | 56 years |
| Education Qualification | B.Sc., CAIIB |
| Date of Appointment/Assumption of Charge | 15.04.2026 |
| Tenure | Three years from 15.04.2026 or until further orders |
| Key Expertise | Treasury Operations, International Banking Credit, Forex Management, Retail & Corporate Banking Operations |
| Relationship with Existing Directors | None |
MAHABANK Stock Price Movement
Today, Bank of Maharashtra shares edged higher to close at ₹71.25, gaining 0.01% in after-hours trading. The stock saw robust activity today, with trading volume reaching 18.32 million shares.Source:
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