Bharitya Mahila Bank – No direct recruitment for the time being


 

As on date, there will no direct recruitment at Bhartiya Mahila Bank. The Finance Ministry in an advisory to Public Sector Banks, has requested 125 staff on deputation, to India’s newest bank.

To attract the best talent, majority of the officers would be taken at one level in BMB. However what might be a dampener is that experience in BMB would not count for promotions. However, as the work atmosphere is expected to be challenging, BMB is excepting   a good number of women officers to respond to their recruitment notice.

BMBs Head Office will be in Delhi, hence majority of officers on deputation would be based in Delhi. Except for general managers (GMs), who would be taken at the same level, all others would be taken at next higher level with salary and perks applicable to the higher scale. However, relaxation may be considered on a case to case basis.

“GMs may also be taken on deputation from the deputy general managers (DGMs). However, it may be made clear that the experience of GMs, executive directors (EDs) and Chairman & Managing Director (CMD) on deputation will not be taken into account for respective promotion and higher level promotions,” the finance ministry said in a circular to public sector banks this week.

During a meeting with Finance Minister P Chidambaram on July 3, heads of public sector banks had agreed to provide officers on deputation basis to the women’s bank to be headed by Usha Ananthasubramanian, Executive Director of Delhi-based Punjab National Bank.

SBI Capital Market Ltd, which has been appointed as consultant for setting up the bank, has laid down detailed terms of deputation. The eligible and willing officers have been given time till August 12 to respond with their CV. While men can also apply preference would be given to women. The period of deputation would be three years and it might be extended, if required. It will also get fresh recruits.

BMB will start its operations from November with branches in eight cities–Kolkata, Guwahati, Chennai, Bangalore, Jaipur, Lucknow, Mysore and Indore.

 

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