Nature of the Event
This is a regulatory disclosure regarding a change in senior management at Bank of Maharashtra, specifically the resignation of the Chief Compliance Officer (CCO).
Key Quantitative Figures
No specific financial figures, amounts, or quantitative impacts are disclosed in relation to this management change.
Dates of Action
- Resignation tendered: June 24, 2026 (as per resignation letter)
- Effective cessation date: July 23, 2026 (close of business hours)
- Disclosure date: July 24, 2026
Parties or Entities Involved
- Resigning individual: Smt. Uma Vedula, Chief Compliance Officer
- Regulatory bodies referenced: Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI)
- Stock exchanges notified: BSE Ltd. (Scrip Code: 532525) and National Stock Exchange of India Ltd. (Scrip Code: MAHABANK)
- Company representative: Vishal Sethia, Company Secretary
Purpose or Stated Rationale
The resignation was submitted by Uma Vedula for personal reasons, as stated in her resignation letter dated June 24, 2026.
Financial or Operational Impact
No specific financial or operational impact is quantified in the disclosure.
Capital Structure Impact
No impact on capital structure is mentioned.
Forward-Looking Information
The bank is in the process of appointing a new Chief Compliance Officer at the rank of Chief General Manager (CGM) from the existing pool of CGMs of the Bank, in compliance with RBI guidelines.