Last Date:30 April,2021
Mahanagar Cooperative Bank
Maharashtra
Mahanagar Cooperative Bank (Mahanagar Cooperative Bank) is inviting eligible candidates to apply for 9 contractual posts of Managing Director, General Manager and AGM.Interested Eligible Candidates may send their applications as per prescribed format to concerned E-mail address by 30-04-2021 . All the relevant documents must be sent alongwith application form, as proof of suitability for the posts. Email subject must be formed properly, containing name of post applied for.
Employment Notification 09 Managing Director, General Manager and AGM Vacancy – Mahanagar Cooperative Bank,Maharashtra
JOB DETAILS:
Name of the post– Managing Director, General Manager and AGM
No of post – 09
Pay Scale – as per norms
Educational Qualification:
CAIIB/DBF/Diploma in Co-operative Business Management ,M.Com /CAIIB/CA/ ICWAI/CS/CFA,Graduate/Post graduate degree in Computer/I.T. Engineering and min 5 yrs experience.
Apply to 09 Managing Director, General Manager and AGM Vacancy – Mahanagar Cooperative Bank,Maharashtra
General Instruction:
- GS Mahangar Co-operative Bank Ltd., having the Business Mix of over Rs. 4400 Crores with 67 Branches spread over the entire State of Maharashtra and having ambitious plan of expansion of Bank Branch Network Require Dynamic, Motivated and Result Oriented Officers as under…
- More than 5 years banking experience as a equivalent Post in any Co- operative bank of the size of business more than 2000 crores.
- Age not be less than 35 years.
- Graduate/Post graduate degree in Computer/I.T. Engineering minimum 5 years experience in Core Banking Software implementation/operations/Conversion/upgradation/ migration with different software and excellent knowledge in Banking Domain / Activity.
- Graduate/Post graduate degree in engineering minimum 5 years experience in Core Banking Software and maintaining Data Center, Hardware and up gradation of DC / DR and required Cyber security aspects as per RBI guidelines with Excellent knowledge in Banking Domain / Activity.
- It will be at par with banking industry standards and negotiable depending upon qualification & experience.
- Existing employees of our Bank who are eligible as per above qualification can also apply for the above post.
- Age limit can be relaxed in deserving cases for above posts and Candidate must have a good knowledge of Marathi Language.
- Interested candidates may send their updated Resume with additional information as Personal information, Roles and Responsibilities, Current CTC and Expected CTC, Notice Period etc. (specifying name of the post in subject) within 15 days i.e. on or before 30th Apr, 2021 to email address
recruit2021@mahanagarbank.com - Received applications will be scrutinized and suitable candidates will be called for further proceedings (Interviews etc.).
- Eligible candidates may apply for concerned posts by sending their application to concerned email address, as per prescribed format. No need to send print to Mahanagar Cooperative Bank at this stage. Keeping a print copy for future use is advised though. Only eligible candidates will be entertained, therefore candidates must make sure that they meet the concerned eligibility criteria.
About Us:
Vacancy Notice 09 Managing Director, General Manager and AGM Vacancy – Mahanagar Cooperative Bank,Maharashtra
- Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world.
- Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses.
- A 2013 report by ILO concluded that cooperative banks outperformed their competitors during the financial crisis of 2007-2008. The cooperative banking sector had 20% market share of the European banking sector, but accounted for only 7% of all the write-downs and losses between the third quarter of 2007 and first quarter of 2011. Cooperative banks were also over-represented in lending to small and medium-sized businesses in all of the 10 countries included in the report.
- Credit unions in the US had five times lower failure rate than other banks during the crisis and more than doubled lending to small businesses between 2008 – 2016, from $30 billion to $60 billion, while lending to small businesses overall during the same period declined by around $100 billion.Public trust in credit unions stands at 60%, compared to 30% for big banks and small businesses are 80% less likely to be dissatisfied with a credit union than with a big bank.
- Cooperative banks are owned by their customers and follow the cooperative principle of one person, one vote. Co-operative banks are often regulated under both banking and cooperative legislation. They provide services such as savings and loans to non-members as well as to members, and some participate in the wholesale markets for bonds, money and even equities.Many cooperative banks are traded on public stock markets, with the result that they are partly owned by non-members. Member control can be diluted by these outside stakes, so they may be regarded as semi-cooperative.
- Cooperative banking systems are also usually more integrated than credit union systems. Local branches of co-operative banks select their own boards of directors and manage their own operations, but most strategic decisions require approval from a central office. Credit unions usually retain strategic decision-making at a local level, though they share back-office functions, such as access to the global payments system, by federating.
- Some cooperative banks are criticized for diluting their cooperative principles. Principles 2-4 of the “Statement on the Co-operative Identity” can be interpreted to require that members must control both the governance systems and capital of their cooperatives. A cooperative bank that raises capital on public stock markets creates a second class of shareholders who compete with the members for control. In some circumstances, the members may lose control. This effectively means that the bank ceases to be a cooperative. Accepting deposits from non-members may also lead to a dilution of member control.
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