Canbank Factors Ltd, a prominent Non-Banking Financial Company (NBFC) that is a subsidiary of Canara Bank, often announces recruitment opportunities for various positions. Candidates aspiring to build a career in the financial services sector within a reputable public sector undertaking should explore these openings. Before applying, ensure you meet the general eligibility criteria regarding age, educational qualifications, and nationality as specified in the official notifications.
About Canbank Factors Ltd
A subsidiary of CANARA BANK, a leading Public Sector Bank, reputed for its diversified and professional services.Incorporated in the year 1991, with Small Industries Development Bank of India(SIDBI) and Union Bank India as co-promoters.
As a Non-Banking Financial Company, the Company is governed by the Regulatory Norms of Reserve Bank of India.As one of the leading factoring industry in INDIA.
The Chairperson is the Executive Director from Canara Bank and the Managing Director is an Executive in the top management cadre of Canara Bank deputed to this company who under the guidance and control of Board of Directors consisting of eminent personalities from Financial Sector. The day-to-day affairs of the company are managed by the Managing Director assisted by a team of qualified professionals, committed executives, Officials and Staff.
Official Address
Contact Information
- 080-22420235/22420237/ 22420238/22420239
- 080-22420240
- Visit Official Website
This organization has released 3 recruitment notifications in the last 3 years.
Expired / Closed Notifications
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Canbank Factors Ltd Invites Application for Company Secretary Recruitment 2023Closed: Jun 12, 2023
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Canbank Factors Ltd Invites Application for Legal Officer Recruitment 2023Closed: Feb 17, 2023
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Canbank Factors Ltd Invites Application for 5 Junior Officer Recruitment 2023Closed: Feb 17, 2023
About Canbank Factors Ltd Careers
| Details | Recruitment for various managerial and support staff positions announced annually. Focus on 2026 opportunities. |
| Type | Subsidiary of Canara Bank (Public Sector Undertaking - NBFC) |
| HQ | Mumbai, Maharashtra |
| Entry Gateways (Standard 2026) | Internal promotions, Bank's recruitment drives, sometimes direct hiring based on experience. Specific entry points may vary. IBPS PO/Clerical exams can indirectly lead to opportunities within PSUs related to banking. |
| Salary Range (Indicative) | ₹ 30,000 - ₹ 1,20,000+ per month (Level 5 to Level 11) depending on the post. |
Organization Overview
Canbank Factors Ltd (CFL) is a leading Non-Banking Financial Company (NBFC) and a wholly-owned subsidiary of Canara Bank, a major public sector bank in India. Established to provide factoring and bill discounting services, CFL plays a crucial role in the working capital management of businesses, particularly SMEs. The company operates with a commitment to service excellence and ethical business practices, contributing to the financial ecosystem of the nation.
Key Job Profiles
Canbank Factors Ltd typically recruits for a range of positions aimed at strengthening its operational and managerial capabilities. While specific roles may vary each year, common profiles include:
- Manager/Assistant Manager (Operations/Business Development): Overseeing factoring services, client acquisition, and relationship management.
- Officer Scale I/II/III: Handling day-to-day operations, credit assessment, recovery, and administrative tasks.
- Support Staff (Clerical/Administrative): Providing essential administrative and clerical support to ensure smooth functioning of the branches.
Salary & Benefits
Employees at Canbank Factors Ltd are offered competitive remuneration packages aligned with industry standards and their respective pay scales. Besides the basic salary, employees usually receive allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), and Travel Allowance (TA), along with other benefits like:
- Medical facilities and insurance coverage.
- Pension and Gratuity schemes (as per applicable rules).
- Leave travel concession (LTC).
- Opportunities for professional development and career advancement.
Selection Process
The selection process for Canbank Factors Ltd recruitment can vary depending on the post. Common stages might include:
- Shortlisting of Applications: Based on educational qualifications and experience.
- Written Examination: For entry-level and clerical positions, assessing general aptitude, reasoning, quantitative skills, and English.
- Interview: Personal interview to assess communication skills, domain knowledge, and suitability for the role.
- Document Verification: Verifying all submitted certificates and testimonials.
How to Crack Canbank Factors Ltd Exams
Success in Canbank Factors Ltd recruitment requires a strategic approach to preparation. Here are some expert tips:
- Understand the Syllabus: Thoroughly review the official notification for detailed syllabus and exam pattern.
- Build a Strong Foundation: Focus on core subjects like Quantitative Aptitude, Reasoning Ability, English Language, and General Awareness/Financial Awareness.
- Practice Regularly: Solve previous years' question papers and mock tests to improve speed and accuracy.
- Stay Updated: Keep abreast of current affairs, especially in the banking and financial sector.
- Develop Interview Skills: Prepare for common interview questions related to your background, the company, and the role.
Disclaimer: All details are sourced from official notifications. MySarkariNaukri.com provides informational guidance only and is not affiliated with any government agency.
Verification Source: https://www.canbankfactors.com/
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