Bank of Maharashtra Appoints Sushanta Kumar Mohanty as Executive Director
Bank of Maharashtra appointed Shri Sushanta Kumar Mohanty as Executive Director effective April 15, 2026, for a three-year tenure. The 56-year-old banking veteran brings over 30 years of experience from Bank of Baroda, with expertise in treasury operations, international banking, and forex management. The appointment was made under the Banking Companies Act, 1970, and strengthens the bank's leadership capabilities.
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Bank of Maharashtra has announced the appointment of Shri Sushanta Kumar Mohanty as Executive Director, marking a significant addition to the bank's senior leadership team. The appointment was officially communicated to stock exchanges under SEBI Regulation 30 requirements.
Appointment Details
The Department of Financial Services notified the appointment through notification no. eF. No. 4/4/2024-BO.I dated April 15, 2026. The appointment was made under Clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, read with paragraph 8 (1) of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970.
| Parameter: | Details |
|---|---|
| Appointment Date: | April 15, 2026 |
| Tenure: | Three years or until further orders |
| Previous Role: | Chief General Manager, Bank of Baroda |
| Age: | 56 years |
| Qualifications: | B.Sc., CAIIB |
Professional Background
Shri Sushanta Kumar Mohanty brings over 30 years of banking experience to his new role. He began his career as a Probationary Officer with Bank of Baroda and progressed through various leadership positions including Zonal Head, Regional Head, Branch Head, and Head of International Banking Credit & Liabilities Management.
His professional journey includes both domestic and international postings, notably serving in New York, USA, at Bank of Baroda. He has also held directorial positions at Baroda U.P. Gramin Bank and FIMMDA, demonstrating his broad industry engagement.
Areas of Expertise
Mohanty's professional expertise encompasses several critical banking domains:
- Treasury Operations: Front office functions and specialized treasury operations
- International Banking: Credit management and international banking operations
- Liabilities Management: Strategic management of banking liabilities
- Retail & Corporate Banking: Comprehensive banking operations across segments
- Forex Management: Foreign exchange operations and risk management
Regulatory Compliance
The bank has confirmed that Shri Sushanta Kumar Mohanty has no relationships with existing directors and is not debarred from holding directorial positions by SEBI or any other regulatory authority. This appointment aligns with corporate governance requirements and regulatory compliance standards for public sector banks.
What strategic initiatives might Bank of Maharashtra pursue under Mohanty's leadership given his international banking and treasury expertise?
How could Mohanty's forex management experience position the bank for expansion in international markets or trade finance?
Will this senior leadership change signal a shift in Bank of Maharashtra's focus toward corporate banking or treasury operations?
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