Board of Directors

Shri. A.B. Vijayakumar

Shri A.B.Vijayakumar joined as Executive Director of Bank of Maharashtra on 10^th 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 01^st 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

Shri Asheesh Pandey joined as Executive Director of Bank of Maharashtra on 31.12.2021, with a progressive professional career spanning more than 24 years, in which he 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 his banking career with Corporation Bank, at its Industrial Finance Branch, Mumbai and also served at its Investment & International Banking Division.

Subsequently, at Union Bank of India, he was project manager of the team that established Bank’s Life Insurance and Mutual Fund business. He worked at Bank’s Industrial Finance Branch, Mumbai and then headed SARAL (Specialised Credit Processing Cell) of the Bank, before taking over as the Head of “Chairman’s Secretariat” of the Bank. He also led Rajasthan State as Regional Head (Deputy General Manager), Jaipur and the team catered all businesses, with all round performance.

As General Manager, he was Head of Credit Monitoring and Restructuring Department of the Bank during which he initiated a complete overhaul in terms of Monitoring & Management of Bank’s credit portfolio using data analytics and predictive models.

On his elevation as Chief General Manager, he was Chief Operations Officer (COO) of the amalgamated entity, during which the consolidation of all activities in Banking Operations and various process re-engineering, harmonisation, automation and digitisation took place. Shri Pandey has been a key constituent in the bank’s leadership team, that led the amalgamation as well as digitisation exercise of the Bank.

He is also Bank’s Nominee Director on Board of PSB Alliance Private Limited floated by IBA with the Public Sector Banks.

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

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

Shri Rakesh Kumar has been appointed as Shareholder Director of Board of the Bank w.e.f. 30^th June 2021 for three years.

He has more than 36 years of experience in various areas such as Insurance & Banking, Marketing, Strategy, Administration and Human Resources, etc. in various capacities in the Branches/ Offices of the Life Insurance Corporation of India.

Shri Rakesh Kumar has also worked as Executive Director (Bank & Assurance Channel), LIC of India.

Presently, he is serving as Chief Executive and Director of LIC Cards Services Limited (a subsidiary of Life Insurance Corporation of India).

Shri Shashank Shrivastava

Name: Shri Shashank Shrivastava

Age: 57 years

Education Qualification: M.Com, Fellow Chartered Accountant (FCA).

Date of Appointment: 21.12.2021

Shri Shashank Shrivastava have 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. He is Senior Partner of M/s Shashank Premchand & Company, Chartered Accountants, Katni, Madhya Pradesh, since 1989.

Shri Shashank Shrivastava is appointed as part-time non-official Director of Bank w.e.f 21^st December, 2021 for a period of three years.

He is member and treasurer of few Social Organisations

Shri Sardar Baljit Singh

Name: Shri Sardar Baljit Singh

Age: 41 years

Education Qualification: B.Com, LL.B, Chartered Accountant (CA), Diploma in Information System Audit, Diploma in Insurance and Risk Management.

Date of Appointment: 21.12.2021

Shri Sardar Baljit Singh have 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. He is Partner & Branch Head of M/s P. Krishna Agrawal & Associates, Chartered Accountants, Ballia, Uttar Pradesh.

Shri Sardar Baljit Singh is appointed as part-time non-official Director of Bank w.e.f 21^st December, 2021 for a period of three years.

He is Director on Board of Ballia Chamber of Commerce and Industries, Ballia and member of few Social Organisations.