Bank of Maharashtra kondigt aan dat het Department of Financial Services op 22 februari 2024 de benoeming van Shri A. S. Rajeev, MD & CEO van de Bank tot Vigilance Commissioner in Central Vigilance Commission heeft aangekondigd. Shri A. S. Rajeev is ontslagen bij de Bank op 22 februari 2024. Department of Financial Services vide above notification has further notified that in view of the vacancy of MD & CEO arising in the Bank, the Bank's Board of Directors and Management Committee, as the case may be, assign to look after financial and administrative powers and functions of the MD & CEO to respective Executive Directors until such time appointment to the post of Bank's MD & CEO is made by government.