Bank of Maharashtra has announced the appointment of Mr. Prasenjeet Shrikrishna Fadnavis as a Shareholder Director, effective March 24, 2026, following his election by majority shareholder votes. Mr. Fadnavis, a technocrat with expertise in Computer Science, Law, and Cyber Law, will hold the office until June 30, 2028. His extensive background spans telecom, banking, and rural development, adding significant technological and legal acumen to the Board.
Board Enhancement via Shareholder Election
Bank of Maharashtra has formally notified stock exchanges regarding the induction of a new Director representing shareholder interests. Following the mandated election process, Mr. Prasenjeet Shrikrishna Fadnavis has been declared elected as the Shareholder Director.
This appointment takes effect from March 24, 2026. The tenure for Mr. Fadnavis is set to continue until June 30, 2028.
Profile of the Newly Appointed Director
Mr. Prasenjeet Shrikrishna Fadnavis is a seasoned professional bringing a diverse skill set to the Board. His educational qualifications include a Bachelor’s in Computer Science, an L.L.B., and a Diploma in Cyber Law.
He possesses over three decades of experience spanning critical sectors, including telecom, banking, cyber laws, education, and rural development. Currently, he serves as the Executive Director – Corporate Relations at Dr. D. Y. Patil Business School, Pune, and has prior associations with prominent educational bodies.
Compliance and Declarations
The Bank confirms that Mr. Fadnavis has no existing relationship with any current directors of the Bank. Furthermore, he has declared that he is not debarred from holding a directorial office by any regulatory or statutory authority.
Source: BSE
