Meet the new MD & CEO of Bank of Maharashtra - AS Rajeev

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A S Rajeev has been appointed as the new  Managing Director and Chief Executive Officer (MD & CEO) of state-owned Bank of Maharashtra (BoM). He has replaced Ravindra Marathe, who was accused of extending around Rs. 30 billion fraudulent loans to Pune-based DSK Group. He will hold the position for a period of three years or till further orders, whichever is earlier. He is currently working as the Executive Director of Indian Bank from 22nd January 2016. He is a mathematics graduate with professional qualifications of FCA, MBA, DISA and CAIIB.

A qualified Chartered Accountant, the 54 year old 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 among others.

Rajeev has about three decades of professional experience in three lenders - Syndicate Bank, Vijaya Bank and Indian Bank. 

About Bank of Maharashtra :

• Head Quarters : Pune
• Founded by :  V. G. Kale and the late D. K. Sathe
• Founded in : 16th September 1935
• Nationalized in : 1969
• Slogan : One Family One Bank
• CMD : A S Rajeev

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