Pune, Maharashtra, India, November 2025 — The Government of India has announced the appointment of Prabhat Kiran as Executive Director of Bank of Maharashtra, marking a significant milestone in his distinguished three-decade-long career with Canara Bank.
With more than 29 years of extensive experience across large corporate credit, SME banking, export finance, consortium lending, and credit monitoring, Prabhat has built a strong reputation for steering high-value credit portfolios with strategic depth and precision. His leadership reflects an unwavering commitment to governance, performance excellence, and sustainable credit growth.
In his recent role as Chief General Manager of the Large Corporate Credit Wing at Canara Bank’s Head Office in Bengaluru, Prabhat played a pivotal role in strengthening corporate lending frameworks, enhancing portfolio quality, and ensuring risk-calibrated credit decisions. His expertise has been instrumental in building robust credit architecture that aligns business growth with financial prudence.
Earlier in his career, he held key positions including Deputy General Manager at the Large Corporate Branch, BKC Mumbai, Regional Manager, and Assistant General Manager with international exposure in the UK. As SME In-Charge, he oversaw operations across 141 branches in Uttar Pradesh and Uttarakhand, driving growth in priority sector and SME advances. His career at Canara Bank also included several leadership assignments across New Delhi, where he led teams focused on credit evaluation, corporate relationships, and consortium banking.
As Executive Director of Bank of Maharashtra, Prabhat Kiran is expected to bring his extensive credit management experience and leadership acumen to further strengthen the bank’s corporate banking capabilities, enhance risk governance, and drive sustainable, innovation-led growth across business segments.
About Bank of Maharashtra
Headquartered in Pune, Bank of Maharashtra is a leading Public Sector Bank established in 1935, with a legacy of over nine decades of banking excellence. The bank has a nationwide presence with over 2,600+ branches, 2,500+ ATMs, and 3,000+ business correspondents, supported by a young and dynamic workforce.
As of September 2025, the bank recorded a 23.09% year-on-year growth in net profit, reaching ₹1,633 crore, backed by strong operational efficiency and a CASA ratio of 50.35%, reflecting customer trust and inclusivity. Recent innovations such as the Zen Lyfe mobile banking app, Global Edge Savings Account, and GovPride Salary Account highlight its digital transformation and customer-centric approach.
Recognized with multiple honors, including the Public Sector Excellence Award 2025 by Dun & Bradstreet and the Public Sector Bank of the Year Award at the FE Best Banks Awards, Bank of Maharashtra continues its journey as a vibrant, technology-driven institution committed to excellence, transparency, and innovation.
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