Sushil Muhnot

(Retired) Chairman and Managing Director - Bank of Maharashtra, Bank of Maharashtra

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Sushil Muhnot

Biography

Sushil Muhnot, former Chairman & Managing Director of Bank of Maharashtra, boasts 34 years of distinguished experience in finance. As Chairman & MD of SIDBI, he bolstered the institution's growth. Prior roles include Executive Director of IDBI Ltd and MD & CEO of IDBI Capital Market Services Ltd. During his tenure at Bank of Maharashtra, he upheld profitability despite challenges, implemented governance reforms, and prioritized financial inclusion, notably excelling in PM's Jan Dhan Yojana. His leadership fostered growth, expanding outreach and retail business, establishing investment banking divisions, and achieving ISO: 9000 certification for treasury and trade finance departments. Sushil Muhnot's career reflects a commitment to excellence and innovation in finance, leaving a lasting impact on the institutions he served, as well as nurturing start-ups in the financial ecosystem.

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