He will serve on the board in terms of Department of Financial Services with effect from October 09, 2023, for a period of three years or up to the date of his attaining the age of superannuation, the ministry said.
Mahapatra started his banking journey at Punjab National Bank as a Management Trainee in the year 1989 and has served the bank for the last 34 years in various capacities across the country.
A banking veteran, he brings to the table a wealth of knowledge across multiple domains of Branch Banking, Credit & MSME, Risk Management, Business Process, Forex and Trade Finance, Compliance, among others.
A postgraduate in Political Science from Utkal University, he is also a Certified Associate Member of the Indian Institute of Bankers (CAIIB).
He also did a leadership development programme for senior management of PSB from IIM Bangalore.