News: Former executive director of Indian Bank becomes CEO of Bank of Maharashtra


Former executive director of Indian Bank becomes CEO of Bank of Maharashtra

The new appointment came in after Ravindra Prabhakar Marathe, former Managing Director and Chief Executive Officer of the Bank superannuated from the services on 30 November 2018.
Former executive director of Indian Bank becomes CEO of Bank of Maharashtra

After working in the Indian Bank as Executive Director for almost two years, A S Rajeev has now joined Bank of Maharashtra as Managing Director & Chief Executive Officer. A qualified Chartered Accountant, he brings with him three decades of experience and has worked in three banks, Syndicate Bank, Vijaya Bank and Indian Bank. 

In Vijaya Bank as General Manager & CFO he has held vital portfolios of Finance, Accounts & Taxation, Planning & Development, International Banking, Treasury, Credit Monitoring & Supervision and Vigilance. Besides these, he also has vast exposure and expertise in areas like NPA management, corporate credit and human resources. 

After becoming Executive Director of Indian Bank, he was Director of NPCI and two of the Bank’s subsidiaries. He has also worked as a member of various committees constituted by RBI/ government.  

A mathematics graduate, A S Rajeev also holds professional qualifications like FCA, MBA, DISA and CAIIB. 

Recently, Bank of Maharashtra has been in news for whether or not it will continue to operate as a separate entity, or will it be merged into bigger and other lenders. 

After State Bank of India absorbed its various associate banks, the central government put in motion a decision to amalgamate Vijaya Bank and Dena Bank with Bank of Baroda. Now, it is scanning for more such opportunities among state-owned lenders. However, former MD and Chief Executive Officer, Ravindra Marathe has asserted that there was a strong commercial basis for BoM to stay an independent entity. 

Topics: Appointments, Leadership

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