Bank of Maharashtra Appoints Sushanta Kumar Mohanty as Executive Director
Bank of Maharashtra appointed Shri Sushanta Kumar Mohanty as Executive Director. He assumed charge on 15.04.2026 for a three-year term. Mohanty has over 30 years of banking experience with Bank of Baroda, specializing in treasury, international banking, and corporate operations.
The appointment of a key management position like Executive Director can have a medium-term impact on the bank's strategic decisions and operational efficiency.
The appointment of an experienced Executive Director is generally viewed positively for a bank's leadership and strategic direction.
Bank of Maharashtra has announced the appointment of Shri Sushanta Kumar Mohanty as Executive Director (ED) on its Board. The appointment was notified by the Department of Financial Services (DFS) on 15th April 2026, under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
Shri Sushanta Kumar Mohanty, previously the Chief General Manager at Bank of Baroda, has assumed his new role as Executive Director at Bank of Maharashtra on 15th April 2026. His tenure is for a period of three years from the date of assumption of office, or until further orders, whichever is earlier.
Shri Mohanty brings over 30 years of extensive banking experience, having held various leadership positions at Bank of Baroda, including roles in treasury operations, international banking credit, retail and corporate banking, and forex management. He has also served as a Director at Baroda U.P. Gramin Bank and FIMMDA. He holds a B.Sc. and CAIIB qualification. Shri Mohanty has no relationship with any existing Directors of the Bank and is not debarred from holding the office of Director by any regulatory authority.
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Bank of Maharashtra filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.