INDIAN BANK RECRUITMENT 2016 NEW NOTIFICATION RELEASED : Apply Now

Positions– a) Chief Operating Officer (COO) b) Head of Vertical (HOV) (Ind. Retail Vertical) c) Head of Vertical (HOV) (MSME &Mid Corporate Vertical) 

Bank profile











In the last quarter of 1906, Madras (now Chennai) was hit by the worst financial crisis the city was ever to suffer. Of the three best-known British commercial names in 19th century Madras, one crashed; a second had to be resurrected by a distress sale; and the third had to be bailed out by a benevolent benefactor. Arbuthnot & Co, which failed, was considered the soundest of the three. Parry's (now EID Parry), may have been the earliest of them and Binny & Co.'s founders may have had the oldest associations with Madras, but it was Arbuthnot, established in 1810, that was the city's strongest commercial organisation in the 19th Century. A key figure in the bankruptcy case for Arbuthnot's was the Madras lawyer, V. Krishnaswamy Iyer who founded the Indian bank which was an offshoot of nationalistic fervour and the Swadeshi movement, when the then British Arbuthnot Bank collapsed and the Indian Bank emerged. Mr V. Krishnaswamy Iyer solicited the support of the Nagarathar Chettiars authored by Mr. Ramasamy Chettiar, who was Annamalai Chettiar's elder brother. Sri V. Krishnaswamy Iyer and Mr. Ramasamy Chettiar were one of the first directors of Indian Bank. Later on in 1915, Mr. Annamalai Chettiar was inducted into the board of the Indian Bank. It commenced operations on 15 August 1907 with its head office in Parry's Building, Parry Corner, Madras.

Total vacancies- The total number of vacancy is 03 (01 for each posts).

Refer: http://www.indianbank.in/pdfs/rec/ADVBUSONCONTBASIS.pdf

Job type: Government jobs

Application Fee- Candidates will have to pay Rs.1000/- as application fees through Debit/Credit Card of Master/VISA/RuPay or through Net Banking.


Application Process- Eligible candidates can apply online through Indian Bank’s official website from 23-07-2016 to 10-08-2016.

Agreement: As per company needs

Salary range- The selected candidates for COO will receive an annual compensation of Rs. 45.00 Lakhs and the selected candidates for HOV will receive an annual compensation of Rs. 38.00 Lakhs inclusive of all allowances.

Shift: Day shift

Age procedure as per notification- a) Chief Operating Officer (COO)- The candidate’s age must be 45-55 years as on 01-04-2016. b) Head of Vertical (HOV) (Ind. Retail Vertical)- The candidate’s age must be 40-50 years as on 01-04-2016. c) Head of Vertical (HOV) (MSME &Mid Corporate Vertical)– The candidate’s age must be 40-50 years as on 01-04-2016.

What is the  Process- Eligible candidates can apply online through Indian Bank’s official website from 23-07-2016 to 10-08-2016.

Apply mode: Online