Indian Bank has released its much-anticipated Vertical Head Recruitment Notification 2024, opening doors for experienced banking professionals to join its prestigious Resources and Government Relationship (R&GR) Department. This position offers an exciting opportunity for individuals with significant banking experience and expertise in managing government relationships and resource mobilization.
In this article, we’ll walk you through all the essential details of the Indian Bank Vertical Head Recruitment 2024, including eligibility criteria, application process, and key dates, to help you apply with confidence.
Position Overview: Vertical Head in R&GR Department
Indian Bank is looking to hire a Vertical Head for its R&GR Department on a contractual basis for a tenure of three years, extendable up to five years based on performance. The selected candidate will be responsible for overseeing the bank’s resource management and government relationships, contributing directly to business growth, strategy implementation, and client satisfaction.
Job Role and Responsibilities
As the Vertical Head in the Resources and Government Relationship Department, the selected individual will play a key role in managing the bank’s resource acquisition and its relationships with government entities. The Vertical Head will be responsible for:
- Formulating strategies to drive business growth and increase the bank’s resource base.
- Building and maintaining strong relationships with government bodies, central and state agencies.
- Ensuring the bank meets its liability targets and strengthens its government clientele.
- Managing a team responsible for handling government accounts and resource mobilization efforts.
- Liaising with key stakeholders to enhance the bank’s offerings and services to government clients.
This dynamic role demands a highly competent and experienced professional who can spearhead the bank’s resource mobilization and governmental business strategy.
Eligibility Criteria for Indian Bank Vertical Head Recruitment 2024
Candidates applying for the Indian Bank Vertical Head position must meet specific eligibility requirements. Below is a detailed breakdown of the criteria:
Educational Qualifications
- Graduate in any discipline from a recognized university.
- Preference will be given to candidates with additional professional qualifications such as CA (Chartered Accountant) or MBA (Master of Business Administration).
Experience Requirements
- A minimum of 15 years of experience in the banking sector is mandatory.
- The applicant must have experience in managing government relationships and resource mobilization.
- Prior experience in a leadership role within a government relationship vertical or similar function is highly desirable.
Age Limit
- Minimum age: 36 years.
- Maximum age: 57 years.
- Applicants must ensure they fall within this age range as of October 1, 2024.
Selection Process for Indian Bank Vertical Head Recruitment 2024
Indian Bank follows a structured and thorough selection process to ensure the best fit for the role. Here’s an overview of how the selection will take place:
- Application Screening: All received applications will be initially screened by a dedicated Screening Committee. This is done to shortlist candidates based on their qualifications and experience.
- Interview: Shortlisted candidates will be called for a personal interview conducted by a Selection Committee. During the interview, candidates will be assessed on their technical skills, experience, and fit for the role.
- Additional Selection Rounds (if necessary): If the number of applications exceeds expectations, additional screening rounds, such as a written test, group discussion, or preliminary interview, may be conducted to further filter candidates.
Salary and Benefits for Indian Bank Vertical Head
The Vertical Head position in the R&GR Department offers a competitive pay package that includes a negotiable base salary and performance-based variable pay. Indian Bank offers a highly rewarding remuneration structure, ensuring that the selected candidate is well-compensated for their expertise and contributions to the bank’s growth.
Tenure and Contract Details
The recruitment is being done on a contractual basis for an initial period of three years, with the possibility of extension for up to five years, subject to performance and mutual agreement.
How to Apply for Indian Bank Vertical Head Recruitment 2024
The application process for the Indian Bank Vertical Head Recruitment 2024 is straightforward and must be completed by October 14, 2024. Follow these steps to apply:
- Prepare the Required Documents: Applicants need to gather their updated resume, educational certificates, experience certificates, and other relevant documents.
- Download and Fill the Application Form: Interested candidates must fill out the prescribed application form. The form can be downloaded from the official Indian Bank website.
- Send the Application via Post: The completed application form, along with all necessary documents, should be sent in a sealed envelope clearly marked as “Application for the post of Vertical Head – R&GR Department on contractual basis – 2024.”The envelope should be addressed to: The Chief General Manager,
HRM Department,
Indian Bank,
Corporate Office, Chennai.
Important Deadlines
- Application Start Date: September 30, 2024.
- Last Date to Submit Applications: October 14, 2024.
Applicants are advised to send their applications well before the deadline to avoid any postal delays.
Key Highlights of Indian Bank Vertical Head Recruitment 2024
- Post Name: Vertical Head (Resources and Government Relationship Department)
- Contract Tenure: Three years (extendable up to five years)
- Pay Scale: Negotiable with performance-based variable pay
- Age Limit: 36 to 57 years
- Selection Process: Application screening, interview, and possible additional selection rounds
- Application Deadline: October 14, 2024
Why Apply for the Vertical Head Role at Indian Bank?
This position offers a prestigious opportunity for seasoned professionals to take on a leadership role within one of India’s leading public sector banks. The Vertical Head role is not only financially rewarding but also gives professionals a chance to make a significant impact on the bank’s operations and government relations. With a strong focus on business strategy, government collaborations, and resource mobilization, this role is essential in driving Indian Bank’s growth in the coming years.
Final Thoughts
If you have the requisite experience in the banking sector and a passion for working with government entities, don’t miss this chance to apply for the Vertical Head position at Indian Bank. Submit your application by October 14, 2024, and take the next step in your professional journey.