MAHABANK · Bank of Maharashtra · NSE · Filed 24 Jul · 1 min read

Bank of Maharashtra's Chief Compliance Officer resigns; successor to come from senior ranks

CCO Uma Vedula was relieved of her duties at the close of business on 23 July 2026, citing personal reasons; the bank says it will name a replacement at Chief General Manager level.

What was filed

Bank of Maharashtra told the NSE and BSE that its Chief Compliance Officer, Smt. Uma Vedula, has tendered her resignation for personal reasons. Per the filing, she was relieved of her duties with effect from the close of business hours on 23 July 2026. The disclosure was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements framework.

The succession plan

The bank said it is in the process of appointing a CCO at the rank of Chief General Manager, drawn from its existing pool of CGMs. It attributed this to RBI guidelines, which the filing states require the CCO to be appointed at a senior level, preferably not below two levels from the CEO. No successor was named, and no interim arrangement was disclosed.

What the filing does not say

This is a concise, procedural disclosure. It confirms the departure and the intended seniority of the replacement, but does not name the incoming officer, provide a profile, or give a timeline for the appointment. The resignation is attributed only to personal reasons.

Date CCO relieved of duties: 23.07.2026

The Chief Compliance Officer is a key regulatory role for a bank, and a holder may note that the position is currently vacant pending an appointment at Chief General Manager level, as required under the RBI guidelines the bank cites.