https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Digital Leadership Boost: Bank of Maharashtra Ramps Up Digital Push with Devesh Verma’s Appointment as New GM- Know More About Him

Bank of Maharashtra appoints Devesh Verma as GM–Digital Transformation, boosting its digital banking journey amid ongoing PSU tech reforms.
Indian Masterminds Stories

New Delhi: Bank of Maharashtra (BoM), a leading public sector bank, has appointed Mr. Devesh Verma as its General Manager – Digital Transformation, effective August 4, 2025. The move reflects the bank’s deepening commitment to accelerating its digital modernization journey in alignment with broader industry trends.

Industry Veteran with Robust Tech-Driven Banking Background

Mr. Verma is a seasoned IT and banking professional with nearly 17 years of experience in driving technology-led innovations across leading financial institutions. His career spans high-impact roles in ICICI Bank, HDFC Bank, SBI, Kotak Mahindra Bank, and Poonawalla Fincorp, where he most recently served as Deputy Chief Technology Officer (CTO).

With a B.Tech in Information Technology, Mr. Verma has also completed the Executive Programme in Digital Transformation from IIM Indore, equipping him with a unique blend of technical and strategic capabilities suited for enterprise-scale transformation.

read also: Result: Bank of Maharashtra Q1FY26 Net Profit Rises 23% YoY to Rs1,593 Cr, Asset Quality Steady

Driving Innovation in the Public Sector Banking Ecosystem

Bank of Maharashtra has been steadily enhancing its digital service delivery channels, with a focus on:

  • Artificial Intelligence–driven customer service
  • Automation of backend processes
  • Enhanced mobile and net banking platforms
  • Cybersecurity and data governance frameworks

Mr. Verma’s appointment is expected to strengthen these initiatives, especially as public sector banks compete with private counterparts and fintechs in areas like digital lending, mobile-first banking, and real-time data analytics.

The digital economy is redefining customer expectations in the banking sector. With Mr. Verma’s deep domain expertise and track record in innovation, Bank of Maharashtra aims to become a leader in public sector digital transformation,” a senior executive from BoM noted.

Strategic Timing Amid Banking Reforms

The appointment comes at a crucial time when PSU banks are:

  • Undergoing consolidation and tech upgrades
  • Leveraging RBI’s push for Digital Public Infrastructure (DPI)
  • Investing in open banking APIs, blockchain, and AI/ML-based risk modeling

Bank of Maharashtra is seen as one of the agile PSBs adapting quickly to these changes, with recent enhancements in e-KYC, paperless onboarding, and UPI integration.

read also: Bank of Maharashtra Reports 14.64% YoY Growth in Q1FY26 — Full Business Update Inside

About Bank of Maharashtra

Bank of Maharashtra (BOM) is a public sector bank in India, owned by the Ministry of Finance, Government of India. It was established on September 16, 1935, and commenced operations on February 8, 1936. BOM provides various banking services, including personal banking, cash management, retail loans, and other financial services.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Bharuch Dahej Connectivity Project
Improved Connectivity: CM Bhupendra Patel Lays Foundation for Rs400 Cr Road Project to Link Dahej with Vadodara-Mumbai Expressway
CM Vishnu Deo Sai
Indian Railways Launches Jabalpur–Raipur Express for Daily Connectivity - Details Inside
IAS Officers Indian Administrative Services IAS logo
Haryana Gets 15 New IAS Officers as UPSC Clears HCS Promotions; 9 Provisionally Promoted, IAS Strength Rises to 184
CM Pushkar Singh Dhami
Uttarakhand CM Pushkar Singh Dhami Pays Tribute on 50th Nirvana Day of Satguru Lal Das Maharaj in Haridwar - Know More
BEML Limited
Next-Gen Mobility: BEML & TuTr Hyperloop Sign MoU to Develop India’s First Indigenous Hyperloop Transport System
SJVN
Leadership Change at SJVN Ltd: Bhupender Gupta Appointed CMD (Additional Charge), IAS Arindam Chaudhary Steps Down as Official Director
CM Vishnu Deo Sai
Chhattisgarh to Recruit 5,000 Teachers as CM Vishnu Deo Sai Emphasises Education as Foundation of Nation Building - Details Inside
ACC-Resized
ACC Approves Appointment of 3 Officers as Deputy Secretaries in Key Union Ministries - Details Inside
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
How IAS Officer Aditya Singh is Redefining Governance in Madhya Pradesh | Video Interview 
IAS Karn Satyarthi
How IAS Karn Satyarthi Transformed Gumla Through Empathy and Innovation
Ananth Rupanagudi IRAS
IRAS Ananth Rupanagudi’s Take on Corruption, Reform, and Duty
ADVERTISEMENT
UPSC Stories
BPSC Bihar police
From Lantern Light to Police Uniform: How Praveen Kumar from a Small Bihar Village Cracked BPSC to Become SDPO
From a lantern-lit village in Bihar to becoming an SDPO, Praveen Kumar's journey is a testament to resilience,...
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
Social Media
Mudumalai Tiger Reserve
Mudumalai Tiger Reserve: From India’s First Sanctuary to a Tiger Conservation Success Story | International Tiger Day Special
IAS Supriya Sahu Hails Mudumalai's Role in Tiger Conservation on Tiger Day. Declared in 1940, Now Among...
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Bharuch Dahej Connectivity Project
Improved Connectivity: CM Bhupendra Patel Lays Foundation for Rs400 Cr Road Project to Link Dahej with Vadodara-Mumbai Expressway
CM Vishnu Deo Sai
Indian Railways Launches Jabalpur–Raipur Express for Daily Connectivity - Details Inside
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
IAS Karn Satyarthi
Ananth Rupanagudi IRAS
ADVERTISEMENT
ADVERTISEMENT