Bank of India Invites Application for Chief Economist Recruitment 2022
Vacancy Circular No:
Bank of India (BoI)
invites applications for recruitment of Chief Economist
Chief Economist
Star House
C 5 "G" Block Bandra Kurla Complex Bandra (East) , Mumbai, 400051 Maharashtra
Number of Vacancy: 1 Posts
| Bank of India Recruitment 2022 | Details |
|---|---|
| Job Role | Chief Economist |
| Education Requirement | |
| Total Vacancy | 1 Post |
| Job Locations | Mumbai |
| Age Limit | Minimum Age : 45 years Maximum Age : 55 years |
| Experience | 5 - 10 years |
| Salary | 483000(Per Month) |
| Posted on | 14 Feb, 2022 |
| Last Date To Apply | 28 Feb, 2022 |
Educational Qualification: M.A
BANK OF INDIA, a leading Public Sector Bank having Head Office in Mumbai, invites applications for the post of Chief Economist on contract basis for period of 3 years with following conditions
1. Post Name: Chief Economist
2. No. of Post: 01
3. Essential Qualification: First Class M.A. (Economics)/ First Class in M.A. (Econometrics).
4. Desirable Qualification: Ph.D. degree in Economics / Econometrics (from a University/ Institution/ Board recognized byGovt. of India/ approved by Govt. regulatory Bodies)
i) Candidates with specialisation in Financial Economics / Behavioural Economics will be preferred.
ii) Candidates from premier Institutes / Universities such as Delhi School of Economics, Madras School of Economics, ISI, JNU, Jamia Millia Islamia University, IGIDR etc., OR from institutes of national importance as published by MHRD,Govt. of India will be preferred.
a. Post Graduation degree in Economics / Econometrics (from a University/ Institution/ Board recognized by Govt. of India/ approved by Govt. regulatory Bodies)
i) Candidates with specialisation in Financial Economics / Behavioural Economics will be preferred
ii) Candidates from premier Institutes / Universities such as Delhi School of Economics, Madras School of Economics, ISI, JNU, Jamia Millia Islamia University, IGIDR etc., OR from institutes of national importance as published by MHRD, Govt. of India will be preferred.
5. Work Experience: 7 years of experience as an Officer in Financial Institutions / Banks / Rating Agencies / Analytics Firm / Reputed Brokerage Agencies / Corporate Organisations like CRISIL, CIBIL, ICRA, Media Houses, Research Organisations such as NSSO, CSO etc., out of which 5 years experience in forecasting / analysing business indicators / environmental scanning / building up of data bank / econometric models and industrial profiles.
a. 10 years of experience as an Officer in Financial Institutions / Banks / Rating Agencies / Analytics Firm / Reputed Brokerage Agencies / Corporate Organisations like CRISIL, CIBIL, ICRA, Media Houses, Research Organisations such as NSSO, CSO etc., out of which 7 years experience in forecasting / analysing business indicators / environmental scanning / building up of data bank / econometric models and industrial profiles.
6. Tenure: The appointment will be on contract basis for an initial period of 3 years which may be renewed for further period of 2 years at the discretion of the Bank on the basis of recommendations of the respective Department Heads. The contract can be terminated at one month’s notice on either side or salary and allowances in lieu thereof.
7. Emoluments and Other Benefits: A consolidated pay of Rs. 4,83,000/- per month shall be paid to the incumbent, subject to deduction of taxes as applicable. The incumbent shall not be entitled for any other allowances/ perquisites. In case of outstation duties, the incumbent shall be entitled for travelling and diem allowance at par with executives in the rank of Deputy General Manager in the Bank.
Pay Scale:
INR
483000(Per Month)
Age Limit: Minimum Age : 45 years Maximum Age : 55 years
Selection Procedure
1. Short listing and personal Interview. Final selection will be on the basis of marks secured by the candidate in the interview, in order of merit. Maximum marks for Interview would be 100 Minimum marks for passing would be 70.
2. After scrutiny of the applications received, only eligible candidates will be called for Personal Interview. Short-listing for interview will be on the basis of the details provided by the candidates (regarding educational qualification and work experience) in the application. The Bank would be free to reject the candidature of any candidate at any stage of the recruitment process, if he / she is found to be ineligible and / or furnished incorrect or false information / certificates / documents or has suppressed any material facts; and the fees paid by the ineligible candidates shall be forfeited.
3. Bank reserves the right to shortlist requisite number of candidates based on the academic track record of the candidate, experience and suitability of the candidates, as decided by the Bank and only those shortlisted candidates will be called for Interview or for any other process as decided by the Bank.
4. However, the Bank reserves its right to change / add / cancel the selection process & schedule at its discretion, under unforeseen circumstances, if any. Change, if any, will be announced in our Bank's website / by email as provided in application form. Bank will not be responsible for late receipt / non receipt of any communication from the candidate. Hence, candidates are requested to check their email and Bank's website regularly, to keep track of the process.
5. Final selection will be made on the basis of marks obtained by the candidates in the Interview process and will be according to the merit ranking. In case of equal marks by two or more candidates, the merit order of such group of candidates will be on the basis of Date of Birth i.e. Candidate senior in age will be placed higher in the merit List.
How to Apply:
1. Last date for receipt of offline Application Form 28.02.2022
2. Candidates will submit printed application, in physical form through Email/SpeedPost/Courier, in prescribed format which will be available on bank’s website along with the Notice.
3. Eligible candidates may submit applications in the prescribed format which is available on Bank’s website www.bankofindia.co.in under “Career” section “Appointment of Chief Economist on contract basis – Project 2021-22/02 (Notice dt. 01.12.2021) Print Application Form.
4. Last date for receipt of offline application is 28.02.2022. Application received after the said date will be rejected. Application must be typed in the prescribed format only. Hand-written applications will be summarily rejected.
5. Incomplete applications / applications received after the last date will be rejected. The Bank reserves the right to reject applications of any or all the candidates without assigning any reason.
6. The physical printed copy of the application, through Registered Post / Speed Post / Courier in a sealed envelope super-scribing “Application for the post of Chief Economist” be submitted to: The Chief General Manager, Bank of India, Human Resources Department, Recruitment Division 9 th Floor, Star House, Plot C-5, “G” Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400 051
6. Scanned copy of Applications may be submitted via Email on our Email ID – [email protected] (Maximum size of attachment not to exceed 4 MB)
7. Hand Delivery of application will not be accepted. The Envelope containing the application must be super-scribed “Application for the post of Chief Economist”. NOTE : Bank will not be liable for misplace / damage and / or delay in delivery of application by the Postal Authorities or by the Courier Agencies, under any circumstances.
8. Application Procedure:
(i) Candidate should have a valid e-mail id.
(ii) Application should be checked and after verification, be forwarded to us at aforesaid address.
(iii) A copy of the application to be kept ready for submission at the time of interview at the Interview Venue.
(iv) Fill-up the application Form and forward the following documents:
a. Self Attested copy of School leaving certificate or any other document showing proof of age acceptable to the Bank.
b. Supporting documents certifying your experience as stipulated.
c. No Objection Certificate / Permission letter from your present / previous employer, if applicable, in your case.
d. Identity & Address Proof
Important Dates:
Published on: 14 February 2022
For more details, please refer to official notification at Download Official Notification
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Closing: Jan 27, 2026About Bank of India
Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks.
Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks.
The Bank has over 5000 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 59 Zonal Offices and 10 NBG Offices. There are 45 branches/ offices abroad which includes 23 own branches, 1 representative office and 4 Subsidaries(20 branches) and 1 joint venture.
The Bank came out with its maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008.
While firmly adhering to a policy of prudence and caution, the Bank has been in the forefront of introducing various innovative services and systems. Business has been conducted with the successful blend of traditional values and ethics and the most modern infrastructure. The Bank has been the first among the nationalised banks to establish a fully computerised branch and ATM facility at the Mahalaxmi Branch at Mumbai way back in 1989. The Bank is also a Founder Member of SWIFT in India. It pioneered the introduction of the Health Code System in 1982, for evaluating/ rating its credit portfolio.
Presently Bank has overseas presence in 18 foreign countries spread over 5 continents – with 45 offices including 4 Subsidiaries, 1 Representative Office and 1 Joint Venture, at key banking and financial centres viz., Tokyo, Singapore, Hong Kong, London, Paris, New York and DIFC Dubai.
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