Bank of Maharashtra has notified that the Central Government has nominated Dr. Abhijit Phukon (Economic Adviser to the Govt. of India in the Ministry of Finance, Department of Financial Services) as Director on the Board of the Bank of Maharashtra in place of Shri Parshant Kumar Goyal, with immediate effect and until further orders. Further, it is hereby informed that Shri Parshant Kumar Goyal ceases to be Director on the Board of the Bank with effect from October 25, 2023.