State-owned Bank of Maharashtra on Thursday said the government has appointed its managing director and CEO A S Rajeev as vigilance commissioner in Central Vigilance Commission (CVC).

Rajeev voluntarily retired from his position in the state-run Bank of Maharashtra last week. 

According to a letter from the Department of Financial Services, the responsible body has accepted his request.

"This is to inform that Department of Financial Services vide notification no. 13/8/2016-BO.I dated February 22, 2024 has notified the appointment of A S Rajeev, MD and CEO of the bank, as Vigilance Commissioner in Central Vigilance Commission," Bank of Maharashtra said in a regulatory filing.

The bank's board and management committee has entrusted two executive directors to look after financial and administrative powers and functions of the bank till such time regular MD & CEO is appointed by the government, the lender said.