Bank of Maharashtra Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Nidhu Saxena

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	1.6yrs

Recent management updates

Recent updates

CEO

Nidhu Saxena (55 yo)

less than a year

Tenure

Mr. Nidhu Saxena is CEO & MD of Bank of Maharashtra from March 27, 2024 and serves as its Director since April 2024. Mr. Saxena serves as Director of Union Bank of India (UK) Limited since August 03, 2023....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Vijay Srivastava	Chief Financial Officer	3yrs	₹3.20m	no data
Asheesh Pandey	Executive Director	2.4yrs	₹3.34m	no data
Nidhu Saxena	CEO, MD & Director	less than a year	no data	no data
Pradeep Srivastava	Chief Technology Officer	less than a year	no data	no data
Divesh Dinkar	Chief Compliance Officer	less than a year	no data	no data
Arun Kabade	GM & Chief Risk Officer	less than a year	no data	no data
Kare Dharmaraj	GM & Zonal Head of Mumbai South Zone	2yrs	no data	no data
Amit Srivastava	Chief Vigilance Officer	2yrs	no data	no data
Aparna Joglekar	GM & Zonal Head of Pune City Zone	less than a year	no data	no data
Devdatta Rokade	GM & Chief Digital Officer	2.3yrs	no data	no data
Tafraiz Hussain	Chief Manager of Investor Services Department	no data	no data	no data
Rohit Rishi	Executive Director	less than a year	no data	no data

0.7yrs

Average Tenure

54yo

Average Age

Experienced Management: MAHABANK's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Asheesh Pandey	Executive Director	2.4yrs	₹3.34m	no data
Nidhu Saxena	CEO, MD & Director	less than a year	no data	no data
Rohit Rishi	Executive Director	less than a year	no data	no data
Rakesh Kumar	Shareholder Director	2.9yrs	₹1.50m	0% ₹ 0
Sardar Singh	Independent Part Time Non Official Director	2.4yrs	₹1.47m	no data
Shashank Shrivastava	Independent Part-Time Non-Official Director	2.4yrs	₹1.50m	no data
Abhijit Phukon	Government Nominee Director	less than a year	no data	no data
Sanjeev Prakash	Nominee Director	less than a year	no data	no data

1.6yrs

Average Tenure

53yo

Average Age

Experienced Board: MAHABANK's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.

Bank of Maharashtra Management

Management criteria checks 0/4

Key information

Recent management updates

Bank of Maharashtra Appoints Divesh Dinkar as Chief Compliance Officer

Bank of Maharashtra Announces Appointment of Nidhu Saxena as Managing Director

Bank of Maharashtra Announces Relieving of A. S. Rajeev as CEO

Bank of Maharashtra Announces Relieving of A. S. Rajeev as MD

Bank of Maharashtra Announces Change in Directorate

Bank of Maharashtra Announces Change in Directorate

Recent updates

Full year 2024 earnings released: EPS: ₹5.80 (vs ₹3.87 in FY 2023)

Bank of Maharashtra Recommends Dividend for the Year Ended March 31, 2024

Bank of Maharashtra Appoints Divesh Dinkar as Chief Compliance Officer

Bank of Maharashtra Announces Appointment of Nidhu Saxena as Managing Director

Bank of Maharashtra Announces Relieving of A. S. Rajeev as CEO

Bank of Maharashtra Announces Relieving of A. S. Rajeev as MD

Investor sentiment improves as stock rises 21%

Third quarter 2024 earnings released: EPS: ₹1.47 (vs ₹1.15 in 3Q 2023)

Bank of Maharashtra to Report Q3, 2024 Results on Jan 16, 2024

Bank of Maharashtra Announces Change in Directorate

Bank of Maharashtra Announces Change in Directorate

Investor sentiment deteriorates as stock falls 15%

Second quarter 2024 earnings released: EPS: ₹1.30 (vs ₹0.79 in 2Q 2023)

Bank of Maharashtra Announces Executive Changes

Bank of Maharashtra Appoints Pradeep Kumar Srivastava as Chief Technology Officer

Investor sentiment improves as stock rises 17%

Bank of Maharashtra Invites Bids for Loans of Asian Hotels (North)

Bank of Maharashtra Invites Bids for Loans of Asian Hotels (North)

First quarter 2024 earnings released: EPS: ₹1.29 (vs ₹0.67 in 1Q 2023)

Bank of Maharashtra Announces Board Changes

Bank of Maharashtra has completed a Follow-on Equity Offering in the amount of INR 10 billion.

New minor risk - Shareholder dilution

Bank of Maharashtra to Report Q2, 2024 Results on Nov 14, 2023

Upcoming dividend of ₹1.30 per share at 4.2% yield

Full year 2023 earnings released: EPS: ₹3.87 (vs ₹1.73 in FY 2022)

Bank of Maharashtra Announces Resignation of Chandrakant Bhagwat as Company Secretary Cum Compliance Officer

Third quarter 2023 earnings released: EPS: ₹1.15 (vs ₹0.46 in 3Q 2022)

Bank of Maharashtra to Report Q3, 2023 Results on Jan 16, 2023

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Second quarter 2023 earnings released: EPS: ₹0.79 (vs ₹0.41 in 2Q 2022)

Bank of Maharashtra to Report Q2, 2023 Results on Oct 17, 2022

First quarter 2023 earnings released: EPS: ₹0.67 (vs ₹0.33 in 1Q 2022)

Upcoming dividend of ₹0.50 per share

Full year 2022 earnings released: EPS: ₹1.73 (vs ₹0.91 in FY 2021)

Bank of Maharashtra, Annual General Meeting, Jun 28, 2022

Full year 2022 earnings released: EPS: ₹1.73 (vs ₹0.91 in FY 2021)

Less than half of directors are independent

State Bank of India (NSEI:SBIN) agreed to acquire 13.82% stake in SBI Global Factors Ltd. from Union Bank of India (BSE:532477), Bank of Maharashtra (BSE:532525), and Small Industries Development Bank of India.

State Bank of India (NSEI:SBIN) agreed to acquire 13.82% stake in SBI Global Factors Ltd. from Union Bank of India (BSE:532477), Bank of Maharashtra (BSE:532525), and Small Industries Development Bank of India.

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Second quarter 2022 earnings released: EPS ₹0.41 (vs ₹0.23 in 2Q 2021)

First quarter 2022 earnings released: EPS ₹0.33 (vs ₹0.18 in 1Q 2021)

Full year 2021 earnings released: EPS ₹0.91 (vs ₹0.69 in FY 2020)

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹0.91 (vs ₹0.69 in FY 2020)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

New 90-day high: ₹25.75

Investor sentiment improved over the past week

New 90-day high: ₹16.05

Nageswara Rao Y Ceases to Be Director of Bank of Maharashtra, Effective January 21, 2021

Third quarter 2021 earnings released: EPS ₹24,000

New 90-day high: ₹15.85

Bank of Maharashtra to Report Q3, 2021 Results on Jan 19, 2021

Investor sentiment deteriorated over the past week

Market bids up stock over the past week

New 90-day high: ₹13.05

Bank of Maharashtra announced that it has received INR 8.309999995 billion in funding from India

Bank of Maharashtra Announces Cessation of Shri Alekh Charan Rout, Executive Director

New 90-day high - ₹14.20

Bank of Maharashtra to Report Q3, 2021 Results on Feb 14, 2021

CEO

Tenure

Leadership Team

Average Tenure