Sushil Muhnot Appointed new CMD of Bank of Maharashtra

Sushil Muhnot Appointed new CMD of Bank of Maharashtra.

Bank of Maharashtra (BoM) has a new Chairman and Managing Director (CMD) in Sushil Muhnot.Sushil Muhnot_Bank of Maharashtra

Prior to this appointment, Sushil Muhnot was Chairman of Small Industries Development Bank of India (SIDBI) since April 2012.

Muhnot will assume charge as CMD of Bank of Maharashtra in Mumbai on November 9, 2013. He will be taking charge at a challenging time for the bank, which recently saw huge increase in non-performing assets and sharp reduction in bottom-line.

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