Bank of Maharashtra informed that in exercise of powers conferred by Section 9(3)(b) of the Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, the Central Government vide its notification dated 15.12.2022 has appointed Shri Prashant Kumar Goyal, (Director, Department of Financial Services, Ministry of Finance, Government of India) as Director on the Board of Bank of Maharashtra w.e.f 15.12.2022 and until further orders, vice Shri Lalit Kumar Chandel. Brief profile of Shri Prashant Kumar Goyal, Director of Bank is enclosed. Name of Director: Shri Prashant Kumar Goyal Age: 43 years Education Qualification: MBBS, IAS.

Date of Joining: 15.12.2022 Appointment clause: Appointed as Director under Section 9(3)(b) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Shri Prashant Kumar Goyal is 2007 Batch IAS officer of Tripura Cadre, presently on Central deputation and is working as Director in Department of Financial Services, Ministry of Finance, Government of India. He was earlier posted as Secretary to Chief Minister, Tripura with additional charge of Secretary, GA (Cabinet and Confidential) Department with independent charge of Industries and Commerce Department and Information and Cultural Affairs Department.

He has also worked as Director in the School Education Department, Government of Tripura and as well as in Government of Punjab. He is having more than 15 years of work experience in Management, Administration, Public Policy etc., He is also Director on the Board of United India Insurance Company Limited. Shri Prashant Kumar Goyal is appointed as Government Nominee Director on the Board of Bank of Maharashtra by Government of India w.e.f 15.12.2022 and until further orders.

Further, Shri Prashant Kumar Goyal does not have any relationship with any of the existing Directors of the Bank.