The Central Bank of India has announced a prestigious recruitment opportunity for the post of Managing Director (MD) on a contract basis. This role provides an excellent opportunity for seasoned professionals in the financial and banking sector to take on a leadership position with one of India’s most reputed banks.
Here’s a detailed breakdown of the recruitment process, eligibility criteria, and application guidelines for aspiring candidates.
Post Name and Vacancy Details
According to the official notification, there is one vacancy available for the position:
| Post Name | No. of Seats |
|---|---|
| Managing Director (MD) | 1 |
Age Limit for Central Bank of India Recruitment 2025
Candidates must not exceed the maximum age of 50 years to apply for this position. Age relaxation, if applicable, may follow government norms but has not been explicitly mentioned in the notification.
Qualifications and Experience for Central Bank of India Recruitment 2025
Educational Qualifications
- A Graduate Degree from a recognized College/University with a minimum of 50% marks.
- Preferred Additional Qualifications:
- Master’s degree in relevant disciplines.
- Professional certifications such as MBA, CFA (Chartered Financial Analyst), or CPA (Certified Public Accountant) are desirable.
Experience Requirements
- Extensive experience of 10+ years in financial services, banking, or a related domain, with at least 5 years in a senior managerial or executive role.
- Adequate expertise in Retail Assets, including operations across Home Loans and Mortgage-based credit products.
- Knowledge of trust operations, estate planning, asset management, and fiduciary responsibilities will be considered an advantage.
- Proven leadership in strategy, execution, and policy formulation within the financial services sector.
Salary for Central Bank of India Recruitment 2025
The salary for the selected candidate will be negotiable and based on market standards. It will be determined according to the candidate’s qualifications, experience, and expertise.
Place of Posting
The place of posting for the selected candidate will be Mumbai, with potential travel to other locations as required for the job.
Tenure of Engagement
- The initial engagement will be for a period of 3 years.
- The tenure may be extended by 2 additional years, subject to annual performance reviews.
Selection Process for Central Bank of India Recruitment 2025
- The selection will be based on a personal interview.
- Only shortlisted candidates meeting the eligibility criteria will be called for the interview.
- The date, time, and venue of the interview will be communicated to shortlisted candidates in due course.
- The decision of the Central Bank of India in the selection process will be final and binding.
Important Dates
| Events | Dates |
|---|---|
| Opening Date for Applications | January 2, 2025 |
| Last Date for Application Submission | January 15, 2025 |
| Tentative Interview Date | To be announced |
How to Apply for Central Bank of India Recruitment 2025
Eligible candidates must follow these steps to submit their application:
- Download the Application Form:
- Visit the official Central Bank of India website or access the prescribed application format attached to the official notification.
- Fill the Form:
- Complete all fields in the application form with accurate details.
- Attach Relevant Documents:
- Include all required supporting documents, such as:
- Academic certificates
- Proof of work experience
- Identity proof
- Include all required supporting documents, such as:
- Submit Application via Email:
- Send the completed application form along with the documents to the email address:
- Subject Line: “Application for Engaging Managing Director (MD), Cent Bank Home Finance Limited (CBHFL)”
- Application Deadline:
- Ensure the application is submitted on or before January 15, 2025.
FAQs
1. How many vacancies are available for the Managing Director post?
There is only one vacancy for the post of Managing Director.
2. What is the age limit to apply?
The maximum age limit is 50 years.
3. What are the qualifications required?
A graduate degree with a minimum of 50% marks is mandatory. Advanced degrees like MBA or professional certifications like CFA/CPA are preferred.
4. What is the place of posting?
The selected candidate will be posted in Mumbai, with occasional travel required.
5. How will the selection be made?
The selection will be based on a personal interview, and only shortlisted candidates will be invited.
6. What is the tenure of the engagement?
The tenure is for 3 years, extendable by 2 additional years based on annual performance reviews.
7. What is the application process?
Candidates need to submit their application via email to recruitment@centralbank.co.in with the prescribed subject line.
8. What is the last date to apply?
The last date for submitting applications is January 15, 2025.
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