Management Change24 Jul 2026, 05:01 pm
Bank of Maharashtra CCO Resigns, New Appointment Pending
AI Summary
Bank of Maharashtra's Chief Compliance Officer (CCO), Smt. Uma Vedula, has resigned for personal reasons, effective July 23, 2026. The bank is in the process of appointing a new CCO from its existing pool of Chief General Managers, adhering to RBI guidelines that require the CCO to be at a senior level, preferably not below two levels from the CEO. The resignation and the bank's subsequent actions are in compliance with SEBI regulations.
Key Highlights
- Chief Compliance Officer Smt. Uma Vedula resigns effective July 23, 2026.
- Bank is appointing a new CCO from existing senior management.
- Appointment will comply with RBI guidelines for CCO seniority.
- Disclosure made as per SEBI Listing Obligations and Disclosure Requirements.
Price Impact
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