Bank of Maharashtra Elevates Three Executives to Chief General Manager
Bank of Maharashtra promoted Devdatta Vitthal Rokade, Arun Fanidhar Kabade, and Milind Babarao Gharad to Chief General Manager. The changes are effective April 1, 2026. All three executives have extensive experience within the bank.
The elevation of senior management is a standard corporate event and is unlikely to have a significant immediate impact on the bank's operations or financial performance.
The announcement is a routine management change and does not contain any financial performance indicators or strategic shifts that would significantly impact the company's outlook.
Bank of Maharashtra has announced the elevation of three senior executives to the post of Chief General Manager, effective April 1st, 2026.
Shri Devdatta Vitthal Rokade, who joined the bank in 2004 as a Specialist IT Officer, has been elevated. He holds a BE in Electronics & Communication and has experience across branch, zonal, and head office tiers. Presently, he heads the Operations, Strategy, ABC & Resource Planning Departments.
Shri Arun Fanidhar Kabade, a Specialist IT Officer since 1998, also assumes the role of Chief General Manager. He holds an M.Sc. in Computers and has worked in all three tiers of the bank. He currently heads the FMA & Credit Agriculture Department.
Shri Milind Babarao Gharad, who joined as a Marketing Officer in 2006, has been promoted to Chief General Manager. He has a B.Sc. & MBA in Marketing and has served in all three tiers of the bank. He is also the Chairman of Maharashtra Gramin Bank, an RRB sponsored by Bank of Maharashtra.
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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 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.