Bank of Maharashtra announced the appointment of Shri Nidhu Saxena, Executive Director, Union Bank of India as Chief Executive Officer of Bank of Maharashtra, vice Shri A.S. Rajeev, consequent upon his selection as Vigilance Commissioner in Central Vigilance Commission, for a period of three years with effect from the date of assumption of office, or until further orders, whichever is earlier. Effective from: March 27,2024. Age: 56 years.

Qualification: B. Com., MBA, CAIIB. Shri Nidhu Saxena started his banking career at Bank of Baroda and later moved to UCO Bank. Shri Nidhu Saxena has over 26 years of experience working in diversified areas of banking.

Prior to joining Bank of Maharashtra, he was the Executive Director of Union Bank of India. During his tenure, he worked in all key banking functions and has been in several positions such as Branch Head, Zonal Head and Vertical Head. At Union Bank, he was looking after Treasury, Domestic Foreign Business, International Banking, Human Resources, Stressed Assets, Retail Assets, MSME, Retail Liabilities, CISO, Wealth Management and Audit Verticals.

He has been on the Board of Union Bank of India (UK) Limited and Union Asset Management Company Limited and has also been a member of the Academic Council of National Institute of Bank Management, Pune and Governing Body of Indian Institute of Bank Management, Guwahati. He has also been identified as a `Subject Expert' for assisting Union Public Service Commission. He also has experience of 8 years in corporate sector before starting his banking career.