PUNE / MUMBAI – In a formal regulatory filing on February 4, 2026, the Bank of Maharashtra (BoM) informed the stock exchanges that Shri Rohit Rishi has officially ceased to be the Executive Director of the bank.

The transition took effect on February 3, 2026, following his high-profile appointment by the Government of India to lead a key financial institution.

The Move to IIFCL

Rishi’s departure from BoM comes as he prepares to take over as the Managing Director (MD) of India Infrastructure Finance Company Limited (IIFCL).

• The Appointment: His new role was sanctioned by the Appointments Committee of the Cabinet (ACC) for a three-year term.
• The Legacy at BoM: During his tenure as Executive Director, Rishi was instrumental in driving the bank’s MSME and Corporate Credit growth, helping Bank of Maharashtra maintain its position as a top-performing Public Sector Bank (PSB) in terms of asset quality and loan growth.

Impact on Bank of Maharashtra

The bank is now expected to operate with a vacancy in its top leadership until the Financial Services Institutions Bureau (FSIB) recommends a successor.