Bank of Maharashtra announced that in exercise of powers conferred by Clause (c) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 read with sub- paragraph (1) of paragraph (3) of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970, the Department of Financial Services, Ministry of Finance, Government of India vide notification no. eF. No.

6/3/2011-BO.I dated 14th July 2023 has nominated Shri Sanjeev Prakash, as director on the board of Bank of Maharashtra in place of Shri Manoj Kumar Verma, with immediate effect and until further orders. Shri Sanjeev Prakash is currently working as a Chief General Manager (CGM), Reserve Bank of India. Further, it is hereby informed that Shri Manoj Kumar Verma ceases to be Director on the Board of the Bank with effect from 14th July 2023.

Brief profile of Shri Sanjeev Prakash, Director: Age: 51 years; Education Qualification: B.Sc. (Engineering), CAIIB, FRM (GARP); Date of Appointment is 14 July 2023. Shri Sanjeev Prakash joined Reserve Bank of India in 1998.

He holds a Bachelor's degree in Engineering and Certified Associate of Indian Institute of Bankers (CAIIB) & Financial Risk Manager(FRM) qualifications. Over the past 25 years in Reserve Bank, Shri Sanjeev Prakash has worked at various Regional Offices and the Bank's Central Office in Mumbai. His main areas of work in the Bank include supervision of banks, non-banks & financial conglomerates; Human Resources Management; Information Technology & Project implementation.

Shri Sanjeev Prakash has also served as Executive Assistant to Deputy Governors. He was briefly deputed to the Financial Stability Institute at the Bank for International Settlements (BIS), Basel, Switzerland where he worked on identification of Global Systemically Important Banks. At present, Shri Sanjeev Prakash is working as Chief General Manager in the Department of Currency Management at Bank's Central Office in Mumbai.

As part of policy making initiatives for efficient currency management operations, he is mainly responsible for facilitating exchange of currency and distribution of coins, disposal of soiled notes, smooth operations of currency chests and forged note vigilance. He also serves as a Director on the Board of Security Printing and Minting Corporation of India Limited (SPMCIL) as RBI's nominee.