The Punjab State Cooperative Bank Ltd. Recruitment 2025

Job Notification: Co-option of Professional Directors

Designation Details

• Designation (English): Co-opted Professional Director
• Designation (Hindi): सह-नियुक्त पेशेवर निदेशक

Organization Address & Location

Remuneration and Employment Type

Important Dates

• Last Date for Receipt of Application: 31st May 2025 up to 5:00 PM

Application Process

Applications must be submitted in person or by post to the following address:

The envelope should be clearly labeled as "Application for Co-option of Professional Directors".

Eligibility Criteria

Minimum five years of work experience in any of the following fields:

• Accountancy: Qualified Chartered/Cost Accountant
• Agriculture: Agriculture Graduate/Post-graduate/Agriculture Engineer
• Banking: At Senior Management Level, being a graduate
• Finance/Economics/Commerce/Business Administration: CFA/Post-graduate in Economics/Commerce/Finance/Management/MBA
• Law: Law graduate/Post-graduate

Other Conditions:

• Must not have had a business relationship with the bank in question during the last 3 preceding years.
• Must undertake not to take up any professional work (Statutory Audit, Concurrent Audit, Legal relationship, or empanelment as a lawyer, etc.) in the same bank during his/her term as Director and till 2 years after demitting office.

Age Limit

Not specified in the official notification.

Reservation Details

Not specified in the official notification.

Application Fees

Not specified in the official notification.

Selection Process

• The bank reserves the right to reject any application without assigning any reason.
• A declaration as in Annex-I shall be obtained from a co-opted director at the time of his/her appointment as per Bye-laws of the bank.

Important Links

• Official Website: https://apex.pbcoopbank.in
• Official Notification PDF: Download Notification

Helpline Numbers or Contact Information

Not specified in the official notification.

Other Important Information

As per Bye-laws no. 29.7 of The Punjab State Cooperative Bank Ltd., Chandigarh, two professionals are required to be co-opted as Directors by the Board of Directors from amongst persons who are eligible as per fit and proper criteria fixed by the Reserve Bank of India. Such Directors shall not have any voting rights.