Nidhu Saxena Appointed as MD & CEO of Bank of Maharashtra

In a significant development, the central government has approved the appointment of Nidhu Saxena as the Managing Director & Chief Executive Officer (MD & CEO) of the Bank of Maharashtra. This appointment will be effective for a period of three years starting from 27 March 2024.

Nidhu Saxena will take over the top leadership role at the Bank of Maharashtra from A.S. Rajeev, who has been selected as the Vigilance Commissioner in the Central Vigilance Commission. The appointment is subject to further orders and will remain in effect until the earlier of three years or until further instructions are issued.

Seasoned Banking Professional

  • Nidhu Saxena brings with him over 26 years of experience in the banking sector, having worked across diverse areas.
  • Prior to this appointment, he served as the Executive Director at Union Bank of India.
  • During his tenure at Union Bank, Saxena oversaw crucial verticals such as treasury, international banking, human resources, stressed assets, retail assets, MSME, retail liabilities, and audit.

Educational Background

  • Nidhu Saxena holds a Bachelor of Commerce (B.Com) degree, a Master of Business Administration (MBA), and is a Certified Associate of the Indian Institute of Bankers (CAIIB).

Diverse Experience

  • Saxena’s banking career commenced at Bank of Baroda, after which he moved to UCO Bank.
  • He has held key positions such as Branch Head, Zonal Head, and Vertical Head.
  • Saxena has also served on the boards of Union Bank of India (UK) and Union Asset Management Company, as well as being a member of the Academic Council of the National Institute of Bank Management, Pune, and the Governing Body of the Indian Institute of Bank Management, Guwahati.
  • Additionally, he has 8 years of experience in the corporate sector before embarking on his banking journey.

Bank of Maharashtra

  • Bank of Maharashtra is a public sector bank in India, with the Government of India holding an 86.46% stake in the bank as of 30 September 2023.

Nidhu Saxena’s extensive banking experience and leadership skills are expected to contribute significantly to the growth and success of Bank of Maharashtra in the years to come.

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

Recent Posts

Third Fastest List-A Century Anmolpreet’s Record Breaking Knock

Punjab's top order batter, Anmolpreet Singh, scripted a history by scoring a third fastest List…

1 min ago

Epigamia Co-Founder Rohan Mirchandani Passes Away 42

Rohan Mirchandani, the co-founder of the popular brand Epigamia, tragically passed away at the age…

33 mins ago

India Clinches Women’s U19 T20 Asia Cup title

India clinched the inaugural U10 Women's Asia cup T20 title by defeating Bangladesh by 41…

1 hour ago

Govt Infuses ₹500 Cr in IFCI to Boost Financial Health

The Indian government has decided to infuse ₹500 crore into the state-owned Industrial Finance Corporation…

1 hour ago

Top-10 Tourist Places in Uttar Pradesh, Check the List

Uttar Pradesh, a state in northern India, is home to many famous tourist attractions. From…

1 hour ago

Kejriwal Launches Dr Ambedkar Scholarship for Dalit Students Abroad

Arvind Kejriwal, the AAP supremo, unveiled the Dr Ambedkar Samman Scholarship, a scheme designed to…

2 hours ago