Citizens Co-operative Bank Ltd Recruitment for Managing Director & Chief Executive (MD & CEO) Post 2021

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Citizen Co-Operative Bank Limited Rajkot a multistate co-operative bank having ten branches is inviting an application from an ideal, result oriented and knowledgeable candidates for the Post of Managing Director & Chief Executive Officer [MD & CEO] who fulfil โ€˜fit and proper criteriaโ€™ based on RBIโ€™s Circular dated 25.06.2021 for the Appointment of Managing Director (MD) in Primary (Urban) Co-Operative Banks.

Sr.
No.
Particular
 
Requirement
1.
Post
 
Managing Director and Chief Executive Officer [MD & CEO]
 
2.
Age Limit
 
He/she Must have completed 35 years of age and Not More than 55 years as on 15.07.2021.
 
3.
Qualification
 
Candidate Must be a Graduate, preferably with
 
 
(a)
Qualification in banking/Co-Operative banking such as CAIIB/Diploma in Banking and Finance/Diploma in Co-Operative Business Management or equivalent qualification Or
 
(b)
Chartered/Cost Accountant/MBA (Finance) Or
 
(c)
Post-graduation in any discipline
 
4.
Experience
 
Candidate must have combined experience of at least 8 years at the middle/senior management level in the banking sector (including the experience gained in the concerned UCB) or Non-banking Finance companies engaged in lending and asset financing.
 
5.
Knowledge of Language
 
Knowledge of English and Hindi is required, and knowledge of Gujarati language considered to be an added advantage.
 
6.
Propriety Criteria as per RBI requirement
 
Candidate must have produced his/her position regarding Propriety Criteria para 3.5.1 (i) to (x) as per RBI Circular Dated 25.06.2021 in his/her application with necessary enclosures.
 
7.
Tenure of Appointment
 
Not More than 5 years at a time subject to a minimum period of 3 years at the time of first appointment.
 
The Performance of MD & CEO shall be reviewed by the board annually.
 
After 5 Year candidate selected is eligible for Reappointment and this will be subject to Approval of RBI.
8.
Selection Process
 
As per RBI Guidelines NRC shall undertake a process of Due Diligence to determine the Fit & Proper criteria for the candidate and recommended to the board for appointment of MD & CEO Subject to approval of RBI.
9.
Remuneration
 
Remuneration will be decided by NRC based on Qualification and Experience of candidate selected subject to cost income ratio of the bank year on year and it is also subject to approval of RBI.
10.
Last Date of Submission of Application
 
 05-08-2021
11.
Submission of Application to
 
Chairman
โ€œCitizen Co-Operative Bank, Opp. Mahatma Gandhi School, Jawahar Road, Rajkot โ€“ 360 001
12.
Mode of Application
 
Hard Copy by Speed Post only.
13.
List of Documents required with application
 
As per Annexure โ€“ IV of RBI Circular dated 25.06.2021 for appointment of MD/WTD as well as stated in specimen application form given in bankโ€™s website.
14.
Other Details of Candidate
 
As per Specimen application form given by the bank should be completed by the candidate in all aspects. An application with Incomplete details will not be considered by NRC.
15.
Place of Posting
 
Rajkot Head Office
Citizen Co-Operative Bank, Opp. Mahatma Gandhi School, Jawahar Road, Rajkot โ€“ 360 001

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Last Date of Submission of Application: 05-08-2021

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