India post payments bank (IPPB) plans to commence operations next year. IPPB incorporated as a public limited company under the Department of Posts, Govt. of India on 17th August, 2016.
India Post Payments Bank, IPPB has started its recruitment drive with the release of the advertisement for the post of the Chief Executive Officer/ Managing Director, the Chief Technology Officer (CTO), other CXOs. IPPB plans to recruit about 3,500 professionals in the coming months, says an official release.
Interested candidates who fulfill the eligibility criteria may apply online by visiting official website http://www.indiapost.gov.in/ between 4 th October, 2016 to 25th October, 2016.
What is India Post Payments Bank (IPPB)
The India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with 100% GOI equity.
IPPB will offer demand deposits such as savings and current accounts upto a balance of Rs 1 Lac, digitally enabled payments and remittance services of all kinds between entities and individuals and also provide access to third party financial services such as insurance, mutual funds, pension, credit products, forex, and more, in partnership with insurance companies, mutual fund houses, pension providers, banks, international money transfer organisations, etc.
How it will start its operation?
IPPB will be headquartered in New Delhi and plans to launch 650 branches across the country by the next year. The India Post Payments Bank will leverage the widespread reach and the trust that the Post office enjoys in the minds of the citizen to truly drive financial inclusion.
With all 1.54 lakh Post offices, including 1.39 lakh rural post offices as its access points and 650 Payments bank branches in district Headquarter locations, it will be the most accessible bank in the world in terms of reach.
How and Where to apply, Registration Links, Application Forms
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CHIEF EXECUTIVE OFFICER / MANAGING DIRECTOR:
IPPB invites applications for the post of CEO/ MD of its soon to be launched payments bank. The candidate will be responsible for leading the organization in driving business, especially catering to rural/unbanked customers. Candidates with relevant qualification, experience and skills (as specified in the advertisement) are encouraged to apply for this position and spearhead the organization as it transforms India’s financial landscape.
SCALES VII & CGM:
Candidates with relevant qualifications, experience and skills with a minimum of 15/18 years experience may apply for full-time posts of GM (Finance), CGM(Operations), GM (HR), GM(Risk and Compliance) and CGM(Sales and Marketing). Applications open from September 28th, 2016 to October 19th, 2016.
Chief Technology Officer:
Candidates with relevant qualification, experience and skills may apply for the position of Chief Technology Officer (on contract). Applications open from September 28th, 2016 to October 19th, 2016.
Candidates with relevant qualifications, experience and skills may apply for positions (on contract) across Company Secretary, Technology, Products, Risk & Compliance functions. Applications open from September 28th, 2016 to October 19th, 2016.
DEPUTATION FROM PSB – CORPORATE ROLES:
Candidates from Public Sector Banks with relevant qualification, experience and skills may apply for posts to be filled through deputation. Applications are to be received through proper channel by 19th October.
Graduates (Including those with experience) required for full-time positions of Assistant Manager (Territory) may apply for this position. Applications open from October 4th, 2016 to October 25th, 2016.
SCALE II, III:
Candidates with relevant qualifications, experience and skills with a minimum of 3/6 years experience may apply for full-time Manager / Senior Manager positions across Branch, Sales, Product, Marketing, Finance, Program Management Office, HR & Administration, Internal Audit, Operations – Central Processing Centre, Risk & Compliance and Technology functions.Applications open from October 7th, 2016 to November 1st, 2016.
SCALE IV – VI:
Candidates with relevant qualifications, experience and skills with a minimum of 9/12/15 years experience may apply for full-time Chief Manager / AGM/ DGM positions across Operations, HR and Administration, Technology, Risk and Compliance, Program Management Office, Product, Marketing and Finance functions. Applications open from October 4th, 2016 to October 25th, 2016.