The Punjab & Maharashtra Cooperative Bank (PMC Bank) is a prominent urban cooperative bank in India, offering prospective candidates a stable career path in the banking sector. Aspiring individuals seeking employment in cooperative banking often look towards PMC Bank for its established presence and structured career progression. General eligibility typically includes a bachelor's degree in a relevant discipline from a recognized university, along with specific age criteria and any specialized qualifications required for different roles.
About Punjab & Maharashtra Co-op Bank Ltd
Punjab & Maharashtra Co-operative Bank Limited (PMC), is a multi-state co-operative bank that began operations in 1983. It has 137 branches spread over half a dozen states of India and nearly 100 branches are in Maharashtra. It is regulated by the Reserve Bank of India and registered under the Cooperative Societies Act.
It also has branches in Karnataka, Goa, Delhi, Madhya Pradesh and Gujarat. It is one of the profitable co-operative banks in India and had earned a total revenue of ₹1,297 crore (US$182 million) and profits of ₹99.69 crore (US$14 million) in the financial year 2019.
On 23 September 2019, the RBI imposed operational restrictions on PMC Bank for six months. Due to this, the bank account holders are not allowed to withdraw more than ₹1,000 from their accounts during this period of restrictions.[2][3] On 26 September 2019, the restrictions have been eased and a total of ₹10,000 could be withdrawn by customers.On 5 November, 2019 decided to increase the prescribed withdrawal limit to ₹ 50,000.
The Reserve Bank of India (RBI) on 19 June 2020 doubled the withdrawal limit for Punjab and Maharashtra Cooperative Bank's depositors to Rs 100,000 from Rs 50,000 earlier.
Joy Thomas, the MD of the bank, was suspended. He admitted the exposure of the bank to the troubled realty company HDIL and also stated that the company had been violating the RBI rules for 5–6 years now. Of the overall loan book of ₹8,300 crores, PMC bank loans to HDIL stood at ₹6,226 crore, about 73% of total loans of the bank.
Official Address
Contact Information
- (022) 2401 4197 / 2401 8200
- Visit Official Website
Punjab & Maharashtra Cooperative Bank Ltd. Recruitment 2026: Career Guide & Vacancy Details
The Punjab & Maharashtra Cooperative Bank Ltd. (PMC Bank) is a significant player in India's cooperative banking landscape, providing a robust platform for career development. This guide details the recruitment ecosystem, career pathways, and essential information for aspirants targeting PMC Bank jobs in 2026.
About PMC Bank Careers
| Details | PMC Bank Recruitment 2026 |
| Type | Cooperative Banking Sector |
| HQ | Mumbai, Maharashtra |
| Entry Gateways | IBPS Common Recruitment Process (CRP), Internal Promotions, Specialized Examinations |
| Salary Range | As per bank norms and government guidelines; typically starting from ₹25,000 - ₹40,000 per month for entry-level positions. |
Organization Overview
Established in 1936, the Punjab & Maharashtra Cooperative Bank Ltd. is one of India's leading cooperative banks. It operates with a strong commitment to serving its customers and stakeholders, fostering financial inclusion and providing a wide array of banking products and services. PMC Bank's commitment to growth and customer service makes it an attractive employer for individuals aspiring to build a lasting career in the financial services industry.
Key Job Profiles
PMC Bank typically recruits for various roles across different departments. While specific designations may vary year to year, common profiles include:
- Clerical Cadre (e.g., Clerks, Assistants)
- Officer Cadre (e.g., Probationary Officers, Banking Officers, Branch Managers)
- Specialized Roles in IT, Finance, Law, etc.
Salary & Benefits
Employees at PMC Bank are offered competitive salaries and comprehensive benefits packages in line with industry standards. This includes basic pay, Dearness Allowance (DA), house rent allowance (HRA), and other allowances as per bank policies. Benefits often encompass medical facilities, leave benefits, provident fund, and opportunities for professional development and career advancement.
Selection Process
The selection process for PMC Bank recruitment generally involves multiple stages, designed to assess the knowledge, skills, and aptitude of candidates. This typically includes:
- Preliminary Examination: Testing basic aptitude, reasoning, and general awareness.
- Main Examination: In-depth assessment of banking and financial knowledge, numerical ability, and English proficiency.
- Interview: Personal interview to evaluate communication skills, suitability, and domain knowledge.
- Document Verification: Checking original certificates and testimonials.
How to Crack PMC Bank Exams
1. Understand the Syllabus and Exam Pattern: Thoroughly analyze the official notification for the specific recruitment year to grasp the subjects, marking scheme, and stages involved.
2. Build a Strong Foundation: Focus on fundamental concepts in quantitative aptitude, reasoning ability, English language, and general/financial awareness.
3. Practice with Mock Tests: Regularly solve mock tests and previous years' question papers to improve time management, accuracy, and exam-taking strategies.
4. Stay Updated on Current Affairs: Keep abreast of national and international current events, with a special emphasis on banking and economic news.
5. Prepare for the Interview: Practice articulating your thoughts clearly, be aware of your resume, and be ready to discuss your interest in joining PMC Bank and the banking sector.
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://pmcbank.com/
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