Citizens Co-operative Bank Ltd Recruitment 2021

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

Citizens Co-operative Bank Ltd Recruitment 2021: 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 fulfill ‘fit and proper criteria’ based on RBI’s Circular dated 25.06.2021 for the Appointment of Managing Director (MD) in Primary (Urban) Co-operative Banks.

Sr. No.ParticularRequirement
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 of 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 the Gujarati language is 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 the first appointment. The Performance of MD & CEO shall be reviewed by the board annually. After 5 Year the candidate selected is eligible for Reappointment and this will be subject to the 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 the approval of RBI.
9.Remuneration Remuneration will be decided by NRC based on the Qualification and Experience of the candidate selected subject to cost-income ratio of the bank year on year and it is also subject to the approval of RBI.
10.Last Date of Submission of Application 05-08-2021
11.Submission of Application to Chairman “Citizen Co-Operative Bank, Opp. Mahatma Gandhi School, Jawahar Road, Rajkot – 360 001
12.Mode of Application Hard Copy by Speed Post only.
13.List of Documents required with application As per Annexure-IV of RBI Circular dated 25.06.2021 for appointment of MD/WTD as well as stated in the specimen application form given in bank’s website.
14.Other Details of Candidate As per the 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 – 360 001
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