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 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 |