Appointing Authority: Department of Financial Services (DFS), Central Government
Appointed Director: Shri Naresh Kumar Vashisht
Bank Representative: Vishal Sethia, Company Secretary & Compliance Officer
Regulatory References: SEBI LODR Reg. 30, Section 9(3)(h) of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
DFS Notification Number: eF. No. 6/2(ii)/2026-BO-l dated 12th August 2026
Appointment Details
Position: Part-time Non-official Director
Tenure: Three years effective from date of notification (12.08.2026), or until further orders from Government of India, whichever is earlier
Appointment Clause: Section 9(3)(h) of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
Director Profile
Name: Shri Naresh Kumar Vashisht
Education: M.Com, MBA in Human Resource Development (HRD)
Professional Background: Extensive exposure in construction sector with significant experience in project execution, business operations, workforce management and organizational administration
Relationship with Existing Directors: Not related to any existing director of Bank of Maharashtra
Declaration: Not debarred from holding office of Director by virtue of any SEBI order or regulatory/statutory authority
