Bank of Maharashtra has informed BSE that in exercise of the powers conferred by clause (f) sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act,1970 / 1980 read with sub?clause (1) of clause (2) of clause 9 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 / 1980, the Government of India, Ministry of Finance, Department of Financial Services, after consultation with the Reserve Bank of India, vide their notification dated March 17, 2008 has nominated Dr. Sunil Uddhavrao Deshpande, Senior Manger (Scale III) and Senior Faculty at the Staff training Centre of the Pune, as Officer Employee Director on the Board of Directors of Bank of Maharashtra.

The above nomination is made in place of outgoing Director Shri. P N Deshpande.

He is appointed for a period of three years from the date of the notification or till he ceases to be an officer of the Bank of Maharashtra or until further orders, whichever is the earliest, subject to the final order in the Writ Petition No. 5394 of 2001 filed by the Bank of Maharashtra Officers’ Association before the Mumbai High Court.