Bank of Maharashtra Appoints Prasenjeet Shrikrishna Fadnavis as Shareholder Director
Bank of Maharashtra appointed Mr. Prasenjeet Shrikrishna Fadnavis as Shareholder Director, effective March 24, 2026. He will serve until June 30, 2028. Mr. Fadnavis is a technocrat with qualifications in Computer Science and Law.
The appointment of a single director, while important for governance, typically has a minimal direct impact on the bank's operations or financial performance in the short term.
The appointment of a director is a routine corporate governance event and does not inherently carry a positive or negative financial implication.
Bank of Maharashtra has announced the appointment of Mr. Prasenjeet Shrikrishna Fadnavis as a Shareholder Director. This appointment follows an election where Mr. Fadnavis secured the majority of votes from shareholders other than the Central Government.
Mr. Fadnavis's appointment is effective from 24th March 2026 and he will hold the office until 30th June 2028. He was appointed under Clause (i) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
Mr. Prasenjeet Shrikrishna Fadnavis is a technocrat with qualifications in Computer Science and Law, and over three decades of experience across telecom, banking, cyber laws, education, and rural development. He currently holds the position of Executive Director - Corporate Relations at Dr. D. Y. Patil Business School, Pune. He has no stated relationship with any existing directors of the Bank and has declared that he is not debarred from holding the office of Director by any regulatory or statutory authority.
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Bank of Maharashtra filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of Maharashtra. Read the original for the full detail.