Job or Vacancy Description:
The Nainital Bank Ltd. invites applications for the following post:

Company Secretary in Officers’ Grade/Scale-II
Pay scale of Rs. 19400-700/1-20100-800/10-28100) Gross Salary around Rs. 32,000/- plus other allowances at Nainital.
Age- Should have age not exceeding 40 years as on 30/06/2011.
Professional Qualification- Candidate should be an Associate member of “The Institute of Company Secretaries of India”.
Educational Qualification- Should have passed Graduation/Post Graduation from recognized University.
Experience- Should have minimum 3 years of experience as “Company Secretary” preferably in a Bank/Financial Institution.

How to apply :Desirous candidates fulfilling the eligibility criteria as on 30/06/2011 may apply in the format and the required self attested photo copies of proof of age, qualification and experience in a closed envelope. The envelop should be marked “Application for the post of Company Secretary in G/S-II.

General Instructions:
a. Refund for guarantee tendered for cancellation before the expiry date – an amount computed at half the original rate for the unexpired period of guarantees less -3- months, may be refunded as per rate charged originally (should be for a complete month).

b. Extended period of validity of guarantee due to restrain imposed by Court Orders at the instance of constituents from meeting their obligation to beneficiaries, when guarantees are invoked – additional commission at applicable rate be charged. Remittances made by the Bank under guarantee, co-acceptance or similar obligations -commission/exchange as per usual rates.

c. No commission, from staff members, to be recovered when guarantee is issued for education of his/her dependent children.  If the period of guarantee (including the claim period) is more than six months, commission should recovered on monthly basis.

d.  If the period of guarantee is less than six months, and extension for -2- months is requested after -3- months, customer will have to pay commission for the period for which extension is being sought.An extension may be allowed free of commitment charges if such extension does not run into another block of -3- months.

e. If the LC amount and period of Usance is subsequently increased, both Usance & commitment charges should be recovered on the amount so increased with a minimum of Rs.200/-
f. For any amendment other than extension of validity or increase in amount, flat charges of Rs.200/- on each occasion. Only 25% of the normal charges may be recovered if the LC is secured by 100% cash margin or term deposits.

g. In case of Revolving LC, the charges will be same. At the time of issuing reinstatement, commitment charges will be @ 0.25% on the reinstated amount only subject to minimum of Rs. 200/-.

h. The Bank would refrain from interference in the affairs of the borrower except for what is provided in the terms and conditions of loan sanction documents (unless new information, not earlier disclosed by the borrower, has come to the notice of the Bank as lender). However this does not imply that Bank’s right of recovery and enforcement of security under Law as well as appointment of nominee directors, where required, is affected by this commitment.
i. Bank will not discriminate on the grounds of gender, caste or religion in its lending policy and activity.
j. In the case of recovery, Bank would resort to the usual measures as per laid down guidelines and extant provisions and would operate within the legal framework. In this context,
i.  In case of request for transfer of borrowal accounts, either from the borrower or from a Bank/Financial Institution, the Bank’s consent or otherwise shall be conveyed within 21 days from the date of receipt of request.

Tentative Last Date :24-09-2011

About the organization :
Bank has its Head Office at Nainital, Uttarakhand and One Regional Office at New Delhi. The delegation of powers is decentralised upto the branch level to facilitate quick decision making.Every effort has been made to verify the correctness of the contents in this site. Comments on the news items or Money Market movements are from the functional experts in this bank. However, Bank is not liable for any action based on these comments.  Please note that the operations in your accounts with Bank and the service are subject to the relevant laws of India and not any other country. All companies, products and service names, wherever they appear on this site, may be trademarks or service marks of their respective owners.  In accordance with Bank’s prescribed risk based assessment procedures, each loan application will be assessed and suitable margin/securities will be stipulated based on such risk assessment and Bank’s extant guidelines, however without compromising on due diligence. The sanction of credit limit along with the terms and conditions thereof is to be conveyed to the loan applicant in writing and applicant’s acceptance of such terms and conditions will be obtained in writing. Such terms and conditions as have been mutually agreed upon between the bank and borrower prior to the sanction will only be stipulated. Copy of loan documents, along with a copy of all relevant enclosures will be made available to the loan applicant on specific request. Standard sanction letter would include instances of approval, disallowance, etc. The bank is under no legal obligation to consider increase/additional limits/facilities without proper review/assessment. In case of lending under consortium arrangement, the participating banks would decide the timeframe to complete appraisal of the proposal and communication of the decision. The Bank will abide by the decision of the consortium. However, the RBI guidelines, if any, in this regard will prevail.Disbursment of loans sanctioned is to be made immediately on total compliance of terms and conditions including execution of loan documents governing such sanction. Any change in the terms and conditions, including interest rate and service charges, will be informed individually to the borrowers in case of account specific changes and in case of others by Public Notice/display on Notice Board at the branches/on the Bank’s website/through Print and or other Media from time to time. Changes in interest rates and service charges will be effected prospectively. Consequent upon such changes any supplemental deeds documents or writings are required to be executed, the same shall also be advised. Further availability of facility will be subject to execution of such deeds documents or writings The Bank would refrain from interference in the affairs of the borrower except for what is provided in the terms and conditions of loan sanction documents (unless new information, not earlier disclosed by the borrower, has come to the notice of the Bank as lender). However this does not imply that Bank’s right of recovery and enforcement of security under Law as well as appointment of nominee directors, where required, is affected by this commitment. Bank will not discriminate on the grounds of gender, caste or religion in its lending policy and activity. In the case of recovery, Bank would resort to the usual measures as per laid down guidelines and extant provisions and would operate within the legal framework. In this context, In case of request for transfer of borrowal accounts, either from the borrower or from a Bank/Financial Institution, the Bank’s consent or otherwise shall be conveyed within 21 days from the date of receipt of request. Standardised application forms for all categories of Loans irrespective of the amount of the loan sought, will be made available to the applicants on request, free of cost.

Address :
The Nainital Bank Ltd.
Head Office, Seven Oaks Building, Mallital Nainital-263001(Uttarakhand)

VACANCY DETAILS
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