Key Quantitative Figures and Dates
- Date of notification: 10th September 2026
- Date of disclosure letter: 11th September 2026
- Effective date of appointment: 10th September 2026
- Tenure: Until further orders
Parties Involved
- Appointing authority: Department of Financial Services (DFS), Ministry of Finance, Government of India
- Appointed director: Shri Saurabh Kumar, Joint Secretary, Government of India
- Replaced director: Shri Abhijit Phukon
- Disclosing entity: Bank of Maharashtra
- Compliance officer: Vishal Sethia, Company Secretary & Compliance Officer
Director Profile Details
Shri Saurabh Kumar
- Current position: Joint Secretary, Government of India, Ministry of Finance, Department of Financial Services
- Batch: 2009 Indian Administrative Service (IAS) officer of Chhattisgarh cadre
- Educational qualification: Bachelor of Technology (Electronics)
- Professional experience: Over 17 years in administration
- Areas of expertise: District administration, urban development, revenue administration, policy matters
- Previous role: Director in the Department of Revenue, Government of India
Governance and Compliance Matters
- Relationship with existing directors: Not related to any existing director of Bank of Maharashtra
- Regulatory status: Not debarred from holding director office by virtue of any SEBI order or regulatory/statutory authority
Financial Impact
Financial impact not quantified in the disclosure.
Additional Information
- BSE Scrip Code: 532525
- NSE Scrip Code: MAHABANK
- Disclosure signed digitally by Vishal Sethia on 2026.09.11 at 18:17:19 +05'30'