The regime has appointed Ravindra Prabhakar Marathe as the novel Chairman together with Managing Director of Bank of Maharashtra with immediate effect. Currently he is working every bit the executive manager of Bank of India. He has replaced the electrical current CMD Sushil Muhnot.
Muhnot was due to retire on 30th September 2016, but the regime has sacked him but 4 days ahead of his retirement due to the flimsy charges that he occupied 2 homes – 1 inward Bombay together with
the other inward Pune – which are anyway owned yesteryear the depository fiscal establishment itself. Earlier this year, the finance ministry building had served a show-cause uncovering to Muhnot, shout out for him to explicate why he should non last terminated for allegedly occupying 2 houses.
Mr. Marathe has been given a term of a piddling to a greater extent than than 2 years at Bank of Maharashtra, amongst his engagement ready to run till Nov 30, 2018, when he is scheduled to retire afterward attaining the historic menstruum of 60.
About Bank of Maharashtra :
- Head Quarters : Pune
- Founded yesteryear : V. G. Kale together with the piece of cake D. K. Sathe
- Founded inward : 16th September 1935
- Nationalized inward : 1969
- Slogan : One Family One Bank
- CMD : Ravindra Prabhakar Marathe
- Executive Directors :