Nidhu Saxena Appointed as MD & CEO of Bank of Maharashtra
| Category | Details |
|---|---|
| Appointee | Nidhu Saxena |
| Position | Managing Director & Chief Executive Officer (MD & CEO) |
| Bank | Bank of Maharashtra |
| Effective Date | 27 March 2024 |
| Term Duration | Three years |
| Predecessor | A.S. Rajeev (appointed as Vigilance Commissioner in the Central Vigilance Commission) |
| Experience | Over 26 years in banking; previously served as Executive Director at Union Bank of India |
| Key Roles in Union Bank | Oversaw treasury, international banking, human resources, stressed assets, retail assets, MSME, retail liabilities, and audit |
| Educational Background | B.Com, MBA, Certified Associate of the Indian Institute of Bankers (CAIIB) |
| Previous Employers | Bank of Baroda, UCO Bank |
| Board Memberships | Union Bank of India (UK), Union Asset Management Company, Academic Council of NIBM Pune, Governing Body of IIBM Guwahati |
| Corporate Experience | 8 years in the corporate sector |
| Bank of Maharashtra | Public sector bank; Government of India holds 86.46% stake as of 30 September 2023 |