Central Bank of India Recruitment 2020 For Director Post

Central Bank of India Recruitment 2020 For Director Post
Company NameCentral Bank of India
Post NameDirector
No of Posts1 Post
SalaryRs. 25,000/-Per Month
Job LocationRatlam
Last Date to Apply13/07/2020

Qualification Details:

Central Bank of India, a leading Public Sector Bank, with Pan India Branch Network of more than 4300 branches with total business of more than 4,60,000 Crores, driven by talented work force of 37000 + employees, is looking for retired bank officers in Scale-III and above having experience in working in any Public Sector Banks / SBI (i.e. our bank / any other Public Sector Banks / SBI) and with relevant expertise for recruitment on contract as Incharges for its RSETIs already opened.

1. Posts: Director RSETI.


2. Essential: (i) Graduate / Post Graduate degree from a UGC recognized University

3. Desirable: Officers with rural development background i.e. Agriculture Finance Officer / Rural Development Officer / Agriculture Officers converted to Mainstream of banking / Lead District Managers and Faculty leaders / Faculty members of Training Centres / Colleges with specialization in Rural Development etc. shall be preferred.

4. Experience / Other eligibility criteria.: Essential:

(i) Candidate should have retired on VRS or on attaining superannuation with minimum 20 years of service of which at least 15 years in Officer Cadre.


(ii) He should have worked as Branch Manager in any scale in a rural branch for at least 3 years OR as AFO (Agriculture Finance Officer) in a Rural Branch for a period of 3 years.

(iii) He should have unblemished record and possess satisfactory service certificate from the previous employer.

(iv) Should be well conversant with local language.


(v) Should have retired from ScaleIII or above for RSETIs.

5. The contract amount shall be paid an amount equivalent to last pay & allowances drawn less the initial amount of Pension fixed before commutation plus relief etc. payable thereon or Rs. 25,000/- p.m. whichever is lower Further a lump sum amount of Rs. 5000/- p.m. shall be paid towards Mobile, Conveyance etc. However, the condition of “Last Pay & Allowance drawn by the Officer less the initial amount of pension fixed before commutation plus relief etc.” will be applicable only to the pension co-optee retired bank official of a Nationalized Bank and in case of non-pensioner, the candidate will be eligible only for Rs. 25,000/- p.m. together with lump sum amount of Rs. 5000/- towards Mobile, Conveyance etc. Please note that no other benefits or charges shall accrue or be payable.

6. Job Profile: These officers shall be working as “Director-RSETI” and have to oversee the overall functioning of RSETI.

Age: Less than 65 years with sound Health


Application Fee: There is no application fee prescribed.

General Instructions:

(a) While applying for the post, the applicant should ensure that he/ she fulfills the eligibility and other norms mentioned above and that the particulars furnished are correct in all respects. In case it is detected at any stage of recruitment that a candidate does not fulfill the eligibility norms and/ or that he/ she has furnished any incorrect/ false information or has suppressed any material fact (s), his/ her candidature will automatically stand cancelled. If any of the above shortcoming(s) is/ are detected even after appointment, his/ her contractual appointment is liable to be terminated without any notice.

(b) In case of suitable and deserving cases, any of the requirements and conditions of eligibility mentioned above, may be relaxed at the discretion of the Management. The Management reserves the right to fill or not to fill the above advertised position without assigning any reason thereof.


(c) Mere admission of application against the advertisement and apparently fulfilling the criteria as prescribed in the advertisement would not bestow on him/ her right to be called for interview.

Contract Period, Amount And Other Travelling Expenses:

The candidate shall be appointed on Contract basis for a period of one year. Renewal may be possible at Bank’s sole discretion in terms of extant policies and rules. Following conditions to be incorporated while issuing the Renewal of Contract letter to the member concerned. (a) To submit Performance Appraisal to Regional Manager concerned one month in advance of expiry of contract (b) Subject to Performance under other various parameters as per Bank’s Performance Appraisal, the renewal of contract which will be sole prerogative of Bank shall be considered keeping in view the grading of minimum “B” of RSETI Centre, as per parameter prescribed by Govt. of India


Central Bank Of India-regional Office, Ratlam


Selection Procedure :

The eligible candidates will be called for personal interview and the decision of the Bank in this regard shall be final.

How to Apply :

Eligible candidates have to submit their applications in the given format (Annexure-

A). Last date for receipt of application is 13.07.2020 by 3:00 pm and application will be accepted through registered post only. No applications shall be entertained beyond the stipulated date. Incomplete applications will be rejected.


Note: Due to COVID-19 pandemic situation applicant can send advance scan copy of the application to our mail id-rdratlro@centralbank.co.in. Address the application, Subscribing “Application for the post of Director at RSETI centre Ratlam / Mandsaur (wherever candidate wish to apply for) on contract for the year 2020-21” to Regional Manager, Central Bank of India, Regional Office Ratlam, Near Hotel Lavanya Palace, Mhow Neemuch Road Salakhedi Pin code 457001 Ratlam (M.P).