Bank of Maharashtra CTO Dinkar Sankpal steps down
Bank of Maharashtra (BSE: MAHABANK) said Dinkar Sankpal, CTO, has ceased. The company is valued at about ₹62,578 crore.
What happened
Bank of Maharashtra (BSE: MAHABANK) informed the stock exchanges on 31 October 2026 at 06:57 PM that Dinkar Sankpal, CTO, has ceased.
Company snapshot
Bank of Maharashtra is a mid-cap company in the Financial Services sector, with a market value of about ₹62,578 crore.
The stock last traded at ₹81.36, against a 52-week range of ₹55.51–₹94.5 (13.9% below the high).
Before this filing the shares had moved +2.3% over the month and +2.1% over three months. Average daily turnover over the last 20 sessions was about ₹111 crore.
Promoters held 73.60% at the end of Q2 FY27. Foreign institutions owned 6.51% and domestic institutions 13.77%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 7,974 | 1,668.6 | 2.17 |
| Q3 FY26 | 8,277 | 1,799 | 2.34 |
| Q4 FY26 | 8,693 | 2,044.9 | 2.66 |
| Q1 FY27 | 9,064 | 2,023.3 | 2.63 |
| Q2 FY27 | 9,736 | 2,136.5 | 2.78 |
What history shows
BCEIE's records show 4 previous management change filings from the company since May 2026.
After those filings, the stock fell 1.4% on average the next trading day and was down 0.4% on average after five days (4 filings with price data).
Across 300 similar disclosures by other Financial Services companies, shares moved −0.2% on average the next day and −1.0% over five days; 48% of them rose the next day.
Market-wide, 4,075 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 1 Oct 2026 | Change in Senior Management | +1.4% | +4.1% |
| 11 Sept 2026 | Appointment of Mr Saurabh Kumar as GOI Nominee Director on the Board… | −5.5% | −2.4% |
| 13 Aug 2026 | Management change | −0.7% | −1.7% |
| 24 Jul 2026 | Management change | −1.0% | −1.8% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- Bank of Maharashtra Q2 net jumps 41% to ₹2,310 crore
- Bank of Maharashtra Q2 net profit rises 41% to Rs 2,310 crore; NII up 22%
- Bank of Maharashtra Q2 Results: Net profit jumps 41% as NII rises 22%; asset quality improves
- Core income drives Bank of Maharashtra profit 41% up at Rs2,310 cr
- Bank of Maharashtra reports 41% jump in Q2FY27 net profit at ₹2,310 crore
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.