Corporation Bank recruitment of Probationary Assistant Managers

By | December 28, 2011

Corporation Bank
A Premier Public Sector Bank

Advertisement No. CRPO-3-2011


Corporation Bank, invites applications for the post of Probationary Assistant Managers, from Indian citizens who have taken the Common Written Examination for Probationary Officers/ Management Trainees conducted by IBPS in 2011 -12 and have a valid Score card issued by IBPS.

Payment of Application Fees:
1. Out of pocket expenses for SC/ ST/ PWD: Rs.50
2. For others: Rs.200

Opening date for Online Registration: 03.01.2012
Last Date for Online Registration (Including for candidates from far-flung areas): 17.01.2012

Post: Probationary Assistant Manager
Scale: JMGS-I
Total: 355
SC: 45
ST: 23
OBC: 93
GEN: 194
Out of which PWD
OC: 9
VI: 10
HI: 18

Abbreviations used: SC – Scheduled Caste, ST – Scheduled Tribe, OBC – Other Backward Classes, GEN – General Category, VI – Visually Impaired, HI – Hearing Impaired, OC – Orthopaedically Challenged, PWD – Persons With Disabilities

SCALE OF PAY: Rs. 14,500 – 600/7-18700-700/2-20100-800/7-25700, other allowances like DA, HRA, CCA etc as per rules (Ad-hock).

EMOLUMENTS: Total emoluments at present arrives to Rs.23,223/-. This apart the Assistant Manager is entitled for other perks/ fringe benefits such as reimbursement of rent for leased quarters ranging from Rs. 2800 to Rs. 8200 depending on place of posting, Contributory pension fund, CCA (if applicable), reimbursement towards Conveyance expenses, Telephone expenses, News paper, Canteen subsidy, Entertainment expenses, Medical expenses, Hospitalisation expenses, Furniture, Brief Case, Leave Fare concession, Gratuity, paid leaves (Casual leave, Privilege leave, Sick leave, Maternity leave etc.) and other Staff welfare measures like scholarship to meritorious children, Medical check up, spectacles, Group Insurance etc.

PROBATION PERIOD: 2 years. During the period of probation, the Bankwill conduct periodic tests to ascertain the level of acquisition of Banking skills by the probationary Assistant Manager. Bank reserves the right to terminate the services of the probationer for unsatisfactory performance in the test/ skill acquisition. During the period of probation it is expected of the candidate to acquire such skills as are required to handle the managerial position on confirmation in the service. As such, the probationer will be required to work at 2-3 branches during the probation period.

Requirement of Deposit/ Bank Guarantee: Candidates if finally selected for appointment, shall furnish to the Bank a Bank Guarantee for Rs.50,000.00 (Rupees fifty thousand only) or a fixed deposit of our Bank in the name of the candidate for a period of two years for Rs.50,000.00 and assign the same to the Bank. They will also execute an agreement to serve the Bankfor a minimum 2 years after joining, failing which the Assistant Manager shall forfeit the said amount of deposit. Three month’s notice should be given in case any candidate opts to resign after joining the Bank.

POSTINGS: Candidates selected are liable to be posted anywhere in India. Not withstanding anything contained in the internal guidelines or any other rules in force in that behalf, candidates selected are transferable all over India at any time without assigning any reason there for. The postings will be commensurate with the requirement of the Bank.

Note: It is clarified that Persons with Disabilities will have to work in Branches/Offices which have posts identified by the Bank as suitable for them. The number of vacancies and also the number of reserved vacancies is provisional and may vary according to actual requirements of the Bank.

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