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Indian Bank Recruitment 2022 for Vertical Head

Indian Bank Vertical Head Recruitment 2022: Advertisement for the post of Vertical Head in Indian Bank. Candidates are advised to read the details, and eligibility criteria mentioned below for this vacancy. Candidates must check their eligibility i.e. educational qualification, age limit, experience and etc. The eligible candidates can submit their application directly before 13 July 2022. Candidates can check the latest Indian Bank Recruitment 2022 Vertical Head Vacancy 2022 details and apply online at the www.indianbank.in/ recruitment 2022 page.

Indian Bank Recruitment Notification & Recruitment application form is available @ www.indianbank.in/. Indian Bank selection will be done on the basis of test/interview and shortlisted candidates will be appointed at Tamil Nadu. More details of www.indianbank.in/ recruitment, new vacancy, upcoming notices, syllabus, answer key, merit list, selection list, admit card, result, upcoming notifications and etc. will be uploaded on official website.

Vacancy Circular No:

Indian Bank
invites applications for recruitment of Vertical Head

Vertical Head

Job Location:

Indian Bank Corporate Office, HRM Department, Recruitment Section 254-260, Avvai Shanmugham Salai, Royapettah, Chennai, 600014 Tamil Nadu
Last Date: 13 July 2022
Employment Type: Full Time

Number of Vacancy: 1 Post Posts

Vertical Head Vacancy At Indian Bank
Vertical Head Vacancy At Indian Bank Recruitment 2022 Details
Company Indian Bank
Job Role Vertical Head
Education Requirement Any Graduate, PG Diploma
Total Vacancy 1 Post
Job Locations Chennai
Age Limit Minimum Age – 35 years and Maximum Age 55 years as on 01.01.2022
Experience 10 - 15 years
Salary Not Disclosed
Posted on 06 Jul, 2022
Last Date To Apply 13-07-2022

Educational Qualification: Any Graduate, MBA/PGDM, PG Diploma

Skills / Eligibility

INDIAN BANK, a leading Public Sector Bank, with headquarters in Chennai having geographical presence all over India and abroad invites applications from Indian Citizens for engagement as Vertical Head for Cash Management Service on contractual basis.

1. Position: Vertical Head

2. Qualification: A Degree (Graduation) in any discipline from a University recognised by the Govt. Of India./Govt. bodies/AICTE etc. Preference shall be given to the Candidates who possess MBA /Post graduate diploma or degree in Management or its equivalent.

3. Experience: Minimum of 10 Years’ experience in BFSI Sector with 3 Years of experience at Senior / Head level position in Cash Management Business vertical.

4. Nature of Engagement: On a fixed contractual term of 3 years, extendable based on performance.

5. Termination: One month’s notice or one month’s compensation in lieu thereof.

6. Remuneration & Perquisites: Negotiable and not a limiting factor for deserving candidate. Also will be eligible for Performance Linked Variable Pay which will be over and above the Fixed Salary but linked to the achievement of specific targets.

7. Place of work: Chennai or as decided by the Bank.

8. Scope of the function as Head of Vertical: 

a) Integration of our business with cash management service to become part of a pan-India network of thousands of retailers spread in various rural and urban parts of the country.

b) Settlement of physical cash that customers have deposited on a real-time basis by quick conversion of physical cash into digital cash.

c) Establishment of dashboard for insight into information about the cash collection services and to track our business performance.

d) Adding new customers through the utility of digital transactions.

e) Digitizing and unifying the cash collection process for reducing overheads associated with manual cash collection.

f) Ensuring safety and security as digital payments are conducted over encrypted and safe mechanisms.

g) Increase collection efficiency.

h) Strategic and systematic collection to improve efficiency of collection and to provide healthy cash repayment.

9. Role and Responsibility: 

a) Develop and execute business plan for positioning the Cash Management business strategically in the target market. Own the Cash Management P&L and the Corporate deposit book and deliver on profitable growth including short- and long-term financial objectives. Develop and execute the operating model for implementation of Cash Management mandates, providing high quality on-boarding experience and accelerating revenue realization. Practice leadership in commercialization of new Cash Management.

b)  Mobilizing Corporate / Retail partners for collection services from all 3 | P a g e outlets / nodes for increase in CASA & POS points. Any other work in the scope of functioning of the respective Department.

Pay Scale:
INR
Not Disclosed

Age Limit: Minimum Age – 35 years and Maximum Age 55 years as on 01.01.2022

Selection Procedure

The applications received from the candidates will be screened and shortlisted on the basis of eligibility and relevant experience.

1. The requisite number of shortlisted candidates will be called for interview for final selection.

2. The final selection will be made on the basis of eligibility, experience, qualification and performance during interaction / interview.

3. The interaction / interview will be conducted by a committee constituted for the purpose.

4. Mere satisfying the eligibility norms do not entitle a candidate to be called for interview.

5. The Bank reserves the right to reject any application not suiting the Bank’s requirements without assigning any reason whatsoever and call only the requisite number of candidates out of those who fulfill the eligibility criteria as may be required for the post.

How to Apply:

1. Application complete in all respects as per the prescribed format (Annexure A) along with copies of all the credentials as enumerated in Clause 2 below should be sent in a closed envelope super scribed “Application for the post of Vertical Head for Cash Management Services” to the following address: General Manager (CDO), Indian Bank Corporate Office, HRM Department, Recruitment Section 254-260, Avvai Shanmugham Salai, Royapettah, Chennai, Pin - 600 014, Tamil Nadu.

2. All eligible and interested candidates should apply in the prescribed application format to reach the address cited above on or before 13.07.2022. Any application received after the due date will be summarily rejected.

3. Candidates are required to have a valid personal email ID and Mobile number for contact. It should be kept active during the currency of this project. Bank may send call letters for interview through the registered email ID.

4. Candidates are advised to apply well in advance and Bank will not be responsible if candidates are not able to submit before the due date for any reason beyond the control of the Bank.


Important Dates:

Published on: 06 July 2022

Last date for application is: 13 July 2022

For more details, please refer to official notification at

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About Indian Bank Recruitment

About Indian Bank

Ms. Padmaja Chunduru is MD & CEO of Indian Bank since September 2018, after a 34 year stint in SBI. At Indian Bank, Ms. Padmaja has successfully steered the amalgamation of Allahabad Bank into Indian Bank amid the Covid challenges. With this merger, Indian Bank doubled in Balance Sheet size and network and today is among the top 10 banks in the country, with 6000 branches, more than 40000 employees and business of more than Rs.9 tn. Post merger, the Bank has quickly moved to re-establish itself as one of the strongest banks in terms of growth, profitability and capital strength.

Official Address:
Indian Bank, Corporate Office, PB No: 5555, 254-260, Avvai Shanmugam Salai, Royapettah, Chennai - 600014 Tamil Nadu Chennai, Tamil Nadu 600001
Phone: 044 28134300
Fax: 044 - 25231278

Indian Bank is the second largest bank of India, only after State Bank of India.
Indian Bank has its headquarter in Chennai, Tamil Nadu. Indian Bank has 2010 branches in India and has presence in over 69 countries. Indian Bank has 3 subsidary companies - Indbank Merchant Banking Services Ltd, IndBank Housing Ltd, IndFund Management Ltd

Indian Bank recruitment is open to candidates across India. Bookmark this page, to keep an eye on latest Indian Bank jobs.

Indian Bank recruitment offers great career opportunities for several posts such as Probationary Clerk, Probationary Officer (IT), Probationary Legal Officers, Retired Executives, Security Officer, Cost Accountants (Probationary Officer), Faculty, Office Assistant, Officer on Special Duty (Legal Services), Probationary Agriculture Officers, Chartered Accountant (Probationary Manager).

Interested candidates can pursue courses in Graduation in Scence, B.Tech/BE (Computer Science, Information Technology, Electronics & Communication, Electrical & Electronics, Electrical, Electronics & Instrumentation)/ M.SC (Computer Science, Information Technology)/ MCA, Graduation + Proficiency in Computer Operation, LLB, ICWA/CMA, MSW / M.Com/M.Sc/MA in Rural Development/ MA in Sociology/ Psychology / B.Sc in Agriculture & allied subjects, BSW / BA/B.Com/B.Sc, Knowledge in basic Accounts, B.Sc (Agriculture), ACA, for a great career at Indian Bank.

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Frequently Asked Questions (FAQs)

How many vacancies are there?

There are 1 vacancies in total. Vertical Head: 1 Post Posts,

What is the Pay Scale for Vertical Head, Skills / Eligibility?

The Payscale is as follows Vertical Head: INR Not Disclosed,

When can I can apply for Vertical Head, Skills / Eligibility job at Indian Bank

You can go through the offical document provided, and follow the instructions to apply online. Always follow the dates mentioned in the official PDF.

Where will I be placed if selected?

The selected candidate will be placed in Indian Bank Corporate Office, HRM Department

What is Indian Bank Vertical Head: 1 Post Posts, Application Last Date

The last date to apply for Indian Bank Vertical Head: 1 Post Posts, is 13th July, 2022

How can I apply for this job?

Complete information regarding this job is given on this page. Link to official document is also provided. The candidates are adivsed to go through it thorouly before Apply Online. If the job interests you and you are eligible for Vertical Head, Skills / Eligibility, then click on the apply online link given below. You can apply online. Remember the last date to apply for this job is 13th July, 2022