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.

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.

Bank of Maharashtra has submitted its mandatory annual disclosure to BSE and NSE under SEBI's operational circular for the centralized database of corporate bonds and debentures. The disclosure, filed on April 10, 2026, by Company Secretary Vishal Sethia, provides comprehensive information about the bank's non-convertible debentures (NCDs) as on March 31, 2026.

NCD Portfolio Overview

The bank's NCD portfolio comprises 14 listed instruments with varying listing quantities and allotment dates spanning from 2016 to 2025. The disclosure covers all aspects mandated under Chapter XIV of SEBI operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.

Listing Details and Quantities

The bank's NCDs show significant variation in listing quantities, with the most recent issuances being substantially larger. Notable listings include ISIN INE457A08183 with 161200 units listed on February 21, 2025, and INE457A08175 with 81100 units listed on August 7, 2024. The oldest active NCD (INE457A08035) was allotted on June 27, 2016, with 5000 units and remains the only instrument listed on both BSE and NSE.

Credit Rating Status

The bank maintains robust credit ratings from multiple recognized agencies:

Current Ratings (as of March 2026)

All credit ratings have been verified by the respective Credit Rating Agencies (CRAs) on the same dates as the rating actions. Some earlier NCDs carry AA (S) ratings from Acuite and Infomerics, while newer issuances predominantly receive AA+ (S) ratings across agencies.

Payment Performance

Bank of Maharashtra demonstrated strong debt servicing capabilities during FY 2025-26:

• Interest Payments: All interest payments were made timely during FY 2025-26 • Redemption Status: No redemptions were applicable during the period • Default History: No defaults or delays reported in servicing any debt securities • Regulatory Compliance: All payment details were properly communicated to stock exchanges under Regulation 57(1) of SEBI LODR

The bank's consistent payment track record and maintained credit ratings reflect its financial stability and commitment to debt obligations. The disclosure fulfills SEBI's transparency requirements for corporate bond databases, providing investors with comprehensive information about the bank's debt instruments and their performance status.