Recruitment in The Anantnag Central Cooperative Bank Ltd
Inviting Application for the post of Managing Director
With due compliance to Reserve Bank of India (RBI) communication dated 09-07-2025 and guidelines of the Reserve Bank of India (RBI)/NABARD on appointment of Managing Director followed by the approval of the PBODs of The Anantnag Central Cooperative Bank Ltd spread over 4 districts of South Kashmir (Anantnag, Kulgam, Pulwama & Shopian) of UT J&K.
Applications are hereby invited for the appointment of Managing Director for The Anantnag Central Cooperative Bank Ltd on contract basis subject to the approval of RBI.
The appointment shall initially be for a period of 3 years and shall be renewed subject to satisfactory performance in the opinion of the Board of Directors (PBODs) of the Bank and with prior approval of RBI. Salary will commensurate with age, qualification and experience.
The job description, qualification and other terms and conditions are as shown below. Application forms can be had by mailing to [email protected]
The job title is Managing Director. The job type is professional on contract basis. The location is Anantnag J&K UT. The initial tenure is 3 years which could be further extended subject to satisfactory performance with approval of the PBODs and RBI. The closing date and time of application is 30/11/2025 up to 5:00 PM.
The age limit is not less than 35 years and not more than 62 years at the time of application. The person may preferably not be above 55 years of age at the time of appointment.
The person to be appointed as Managing Director shall have minimum educational qualification in any of the following fields:
A Graduate with CAIIB/DBF/Diploma in Cooperative Management or equivalent qualification.
Accountancy (Chartered / Cost Accountant)
Agriculture (Agricultural Graduate/Post Graduate)
Finance / Economics / Business Administration (CFA/Post Graduate in Economics / MBA)
Law (Law Graduate/Post Graduate)
Engineering (BE or Equivalent)
Experience :
A minimum of 8 years of work experience in Middle/Senior Management level in the banking sector (preference will be given to applicants from RBI/NABARD, Regional Rural Banks, RCBs defined under the BR Act 1949 (AACS)). Persons from scheduled commercial banks will also be eligible.
Additional experience with regard to digital banking and payment ecosystem with special focus in core banking solutions and cyber security will be highly appreciated.
The applications in the enclosed Performa clearly demonstrating eligibility against the requirement along with one passport size photograph be submitted to [email protected] and hard copy should be sent in closed cover superscribed with the words “Application for the post of Managing Director in The Anantnag Central Cooperative Bank Ltd Anantnag” to reach at the address of Executive Manager the Anantnag Central Cooperative Bank Ltd, Mehandi Kadal Anantnag-192101 up to 5:00 PM on 30/11/2025.
The selected candidate shall be required to resign/retire from and be relieved from his/her current employment before joining the post. Restrictions on re-employment as prescribed after tenure in existing capacities with respective PSBs and other Scheduled Commercial Banks would apply. Fiduciary declaration is required from every Managing Director on or before his appointment as such.
The selected candidate must join within 15 days from the date of appointment subject to RBI approval. The period would be extendable for a further period of 15 days on the request of the candidate subject to approval of Competent Authority. If the selected candidate fails to join even after the notice or submit unwillingness, his/her appointment shall be considered null and void and the PBODs may consider the next best candidate.
The applications shall be screened by the NRC committee and suitable candidates meeting the eligibility criteria shall be shortlisted and by mail for interaction/interview in person online with the Board of Directors for the appointment subject to approval of RBI. The decision of the Board of Directors shall be final.
