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Shri A S Rajeev
Managing Director & Chief Executive Officer
Shri A S Rajeev
Shri. A.S. Rajeev, aged 56 years, assumed charge as Managing Director & CEO of Bank of Maharashtra on 2nd December 2018. Prior to this, he was Executive Director of Indian Bank from 22.01.2016.
Mr. Rajeev is having about three decades of professional banking experience in three Banks, viz., Syndicate Bank, Vijaya Bank and Indian Bank. A qualified Chartered Accountant, he has vast exposure and expertise in all important areas of banking including Corporate Credit, International Banking, Treasury, Risk Management, Credit Monitoring & Supervision, NPA Management, Planning & Development, Human Resources, Finance, Accounts & Taxation, Vigilance, Corporate Governance, Inspection & Audit, Cyber Security and Subsidiaries.
As Managing Director & CEO of Bank of Maharashtra, he is spearheading the institution and under his leadership bank has crossed the business milestone Rs. 250000 Crore. He is director on the Board of Exim Bank, New India Assurance Co. Ltd. He is also the member of Governing body of IBPS (Institute of Banking Personnel Selection). He is also the member of Management Committee of Indian Banks Association as well Governing Body of NIBM (National Institute of Bank Management, Pune.
While as Executive Director of Indian Bank, he was Director of NPCI and two of the Bank’s Subsidiaries, M/s. IndBank Merchant Banking Services Ltd. and M/s. Ind Bank Housing Ltd. He had also worked as member of various committees constituted by RBI/Government.
In Vijaya Bank, as General Manager & CFO, Mr. Rajeev held vital portfolios of Finance, Accounts & Taxation, Planning & Development, International Banking, Treasury, Credit Monitoring & Supervision and Vigilance. Prior to moving to Head Office, he was Regional Head in Bangalore North and Chennai Regions of the Bank.
He has attended various professional Training programmes, both within India and abroad, including on Advanced Leadership Programme, EDP, Risk Management, IFRS, Financing Infrastructure Projects, Derivatives, etc.
Mr. Rajeev is a Mathematics Graduate with professional qualifications of FCA, MBA, DISA and CAIIB.
Shri. A.B. Vijayakumar
Executive Director
Shri. A.B. Vijayakumar
Shri A.B.Vijayakumar joined as Executive Director of Bank of Maharashtra on 10th March,2021.Having rich banking experience spanning 36 years Shri Vijayakumar has handled multifarious activities both at the field level and at administrative office spearheading key functional areas including Large Corporate, Retail Banking, Priority Sector, Forex Operations, Compliance, Board Secretariat, HR and Vigilance mechanism..
He started his career from Bank of India and rose to the level of General Manager in the year 2018. Before joining Bank of Maharashtra he worked as the Chief Vigilance officer at Indian Overseas Bank from 01st April 2020. Prior to joining Indian Overseas Bank, he worked as Chief Vigilance Officer in erstwhile Corporation Bank.
Shri Vijayakumar successfully led several Branches as Branch Manager across the length and breadth of country. He had the opportunity to work as “Compliance Officer” in overseas Branch at Hong Kong. He also had a short stint at Staff Training College for developing knowledge and skill base among employees. He was very successful as a Zonal Manager and was instrumental in leveraging business growth. Being appointed as the Chairman of Madhya Pradesh Gramin Bank in the year 2018, he successfully delivered holistic growth before joining as the Chief Vigilance Officer at erstwhile Corporation Bank
Shri Vijayakumar, a graduate in Commerce & Law and a Certified Associate of Indian Institute of Bankers (CAIIB) holds many coveted professional qualification including diploma and certification courses from IIBF on Trade Finance, Foreign Exchange, KYC & AML, Retail banking, Customer Service & BCS. He has attended various training programs both in India and abroad in Leadership development, Corporate Credit etc.
Shri Asheesh Pandey
Executive Director
Shri Asheesh Pandey
Shri Asheesh Pandey has a progressive professional career spanning more than 24 years and over these years have handled a diversified portfolio ranging from Credit, Credit Monitoring, Treasury & Merchant Banking, Foreign Transactions & Joint Ventures, Marketing & Customer Relationships and Banking Operations.
Shri Pandey is a Mechanical Engineer (Hons) with Post Graduation in Management (Hons) with specialisation in Finance & Marketing. He is Certified Associate of Indian Institute of Bankers also holds NSE Certification in Insurance (both Life & Non-Life), Mutual Funds & De-mat Operations. Shri Pandey also undertook Executive Leadership Course and is an alumnus of IIM, Bangalore.
Shri Pandey started banking career from Corporation Bank at its Industrial Finance Branch, Mumbai and later served at its Investment & International Banking Division, Mumbai. During the initial years of his career at Union Bank of India, he was project manager of the team that established Bank’s Insurance and Mutual Fund business.
He has, further, worked at Bank’s Industrial Finance Branch, Mumbai and then headed SARAL (Specialised Credit Processing Cell) of the Bank at Mumbai before taking over as Head of the Chairman’s Secretariat of the Bank. With career progression, he led Rajasthan State as Regional Head (Deputy General Manager), Jaipur and catered all businesses with all round performance.
On his elevation to the post of General Manager, he took up the role as Head of Credit Monitoring and Restructuring Department of the Bank during which the department had a complete overhaul in terms of monitoring & management of bank’s credit portfolio by deploying data analytics, various novel tools like Predictive Modelling, Robotic Process Automation and Machine Learning.
Shri Pandey, on his elevation as Chief General Manager, took up the challenging role as the Chief Operations Officer (COO) of the amalgamated entity during which the various process re-engineering, harmonisation, automation and digitisation taken place. During the period he led the team implementing novel technological concepts like Whatsapp Banking, e-Nomination, Online Death Claim Settlement Portal, Cheque Book Tracking, Churn Model (Predictive Analysis for CASA Dormancy), Video KYC, Robotic Process Automation in many operational processes, Implementation of Door Step Banking, Digital Document Execution, Digi Connect Branches (Digital & Cashless), My Diary Portal (Bank’s Intranet Portal for all data needs), Positive Pay System, Automated 360 Degree Account Statement along with many others.
Shri Pandey has been a key constituent in the bank’s leadership team that led the recent amalgamation as well as digitisation exercise in the bank.
He was also earlier Nominee Director on the Board of PSB Alliance Pvt. Ltd. floated by IBA with select Public Sector Banks.
Shri Asheesh Pandey joined as Executive Director in Bank of Maharashtra on 31.12.2021. At present he is also the Chairman of The Maharashtra Executor & Trustee Co. Ltd., which is a wholly owned subsidiary of Bank of Maharashtra.
Shri Lalit Kumar Chandel
Government Nominee Director
Shri Lalit Kumar Chandel
Shri Lalit Kumar Chandel has been appointed as Govt. of India nominee Director of Board of the Bank w.e.f 18.08.2021
Shri Lalit Kumar belongs to the Indian Economic Service (1995 batch) and presently posted as Economic Adviser, Department of Financial Services, Ministry of Finance, Government of India, New Delhi. Shri Lalit Kumar is a postgraduate in Economics, MBA and Fellow in Insurance.
Prior to his present assignment Shri Lalit Kumar was Govt. nominee Director on the Board of ICICI Bank Limited. He served at various levels in different departments of Government of India, including Banking, Insurance, Capital Markets, External Assistance, Rural Development, Power, Irrigation and Health. Shri Kumar held key positions of Director (Insurance), Department of Financial Services, Ministry of Finance; Executive Director, CVO and Financial Adviser, Insurance Regulatory and Development Authority of India, and Whole Time Director Finance, Telangana State Power Generation Corporation.
Shri Lalit Kumar, as an officer from the IES, was initially posted as Research Officer, Irrigation and CAD Division, in the then Planning Commission, Govt. of India and assigned the work of examining proposal for according investment clearance to irrigation projects.
Shri Lalit Kumar had also served earlier as Director (Government Nominee) on the Boards of National Insurance Company Limited, Oriental Insurance Company Limited, Corporation Bank, Agriculture Insurance Co. of India, and National Insurance Academy.
Shri M.K. Verma
RBI Nominee Director
Shri M.K. Verma
Shri M. K. Verma has been appointed as Reserve Bank of India Nominee Director of Board of the Bank w.e.f 13.08.2019. His qualifications include M.A., MBA (Finance) and Certified Associate of Indian Institute of Bankers.
He is having more than three decades of work experience in Reserve Bank of India (RBI) in various areas of Central Banking such as Regulation and Supervision of Banks and Financial Institutions, Formulation of Monetary Policy, Regulation and Supervision of Financial Markets, Governance of Banks, Currency Management etc.,
He retired as a Regional Director from RBI (Bihar and Jharkhand) in 2017. He has also worked as an Assistant Professor, Bihar University and Deputy Collector, Government of Bihar prior to joining RBI.
He is a guest lecturer at premier institutions viz; IITs, IIMs, XLRI, XISS and Law Schools post retirement.
He has attended various seminars and training programmes on Banking supervision at Fed Reserve (Washington); Bank for International Settlement, Basel (Switzerland); INSEAD, (Paris) etc.,
He is currently visiting Professor at Symbiosis International University and ICFAI Business School, Pune
Shri Rakesh Kumar
Shareholder Director
Shri Rakesh Kumar
Shri Rakesh Kumar has more than 36 years of experience in various areas such as Insurance & Banking, Marketing, Strategy, Administration and Human Resources etc., Shri Rakesh Kumar has worked in various capacities in the Branches/ Offices of Life Insurance Corporation of India.
He has also worked as Executive Director (Bank & Assurance Channel), LIC of India. He retired as Chief Executive and Director of LIC Cards Services Limited (a subsidiary of Life Insurance Corporation of India).
Shri Rakesh Kumar is appointed as Shareholder Director of Bank for a period of three years w.e.f 30th June, 2021.
Shri Shashank Shrivastava
Part-time non-official Director
Shri Shashank Shrivastava
Shri Shashank Shrivastava joined as Part-time non-official Director of Bank of Maharashtra on 21.12.2021 for a period of three years.
Shri Shashank Shrivastava is having a vast experience of more than 30 years in field of Accounts, Audit, Taxation, Corporate consultancy and related areas. He is Practicing Chartered Accountant by Profession and is Senior Partner of M/s Shashank Premchand & Company, Chartered Accountants, Katni, Madhya Pradesh, since 1989.
Shri Shashank Shrivastava is M.Com, Fellow Chartered Accountant (FCA).
He is member and treasurer of few Social Organizations
Shri Sardar Baljit Singh
Part-time non-official Director
Shri Sardar Baljit Singh
Shri Sardar Baljit Singh joined as Part-time non-official Director of Bank of Maharashtra on 21.12.2021 for a period of three years.
Shri Sardar Baljit Singh is having experience of more than 15 years in field of Accounts, GST Audit, Branch Audit, Statutory Audit, Revenue Audit of Public Sector Banks & Regional Rural Banks, Financial inclusion Income Tax, Corporate consultancy etc., He is Practicing Chartered Accountant by Profession and is Partner & Branch Head of M/s P. Krishna Agrawal & Associates, Chartered Accountants, Ballia, Uttar Pradesh.
Shri Sardar Baljit Singh is B.Com, LL.B, Chartered Accountant (CA), Diploma in Information System Audit, Diploma in Insurance and Risk Management.
He is Director on Board of Ballia Chamber of Commerce and Industries, Ballia and member of few Social Organizations.
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