Check PMC Bank Recruitment 2026: Career Guide & Vacancy Details Recruitment 2026 details here. Know about eligibility, selection process (IBPS/Merit), salary structure (Pay Scale) and vacancy updates for the cooperative banking sector.
The Punjab & Maharashtra Cooperative Bank Ltd. (PMC Bank) plays a significant role in the Indian financial landscape, particularly within the cooperative banking sector. It provides essential banking services to a broad customer base, contributing to economic development and financial inclusion. PMC Bank, while not a PSU or a nationalized bank, operates under regulatory frameworks guiding cooperative institutions.
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period of restrictions.[2][3] On 26 September 2019, the restrictions have been eased and a total of ₹10,000 could be withdrawn by customers.On 5 November, 2019 decided to increase the prescribed withdrawal limit to ₹ 50,000.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.
| Organization Name | Punjab & Maharashtra Cooperative Bank Ltd. (PMC Bank) |
| Industry | Cooperative Banking & Financial Services |
| Recruitment Mode | Merit-based shortlist, GD & Personal Interview (Typically) |
| Standard Salary | As per Industry Benchmarks & 7th Pay Commission Recommendations, applicable to cooperative banks. (e.g., Similar to Entry-Level Clerical/Officer roles in other financial institutions) |
PMC Bank typically recruits for various positions across its operations, focusing on roles that support its banking and customer service functions. Common recruitments include:
While specific criteria vary by post, general eligibility for PMC Bank recruitment usually includes:
PMC Bank usually follows a selection process that emphasizes a candidate's academic background, relevant experience, and overall suitability. Unlike public sector banks that heavily rely on IBPS exams, PMC Bank's process often involves:
Note: PMC Bank generally does not use national-level competitive exams like GATE, UPSC, or SSC CGL for its recruitment. Its process is tailored for the cooperative banking sector.
Salaries at PMC Bank are competitive within the cooperative banking sector and are often benchmarked against industry standards, adhering to the recommendations of the 7th Pay Commission for similar roles in financial institutions. Pay scales are determined by the specific post and scale of promotion.
PMC Bank typically announces recruitment through advertisements on its official website, leading newspapers, and potentially the Employment News. Interested candidates must diligently check the 'Careers' or 'Recruitment' section of the official PMC Bank website for detailed notifications, application forms, and deadlines. Online application submission is the most common method.
Given that PMC Bank typically recruits through merit, group discussions, and interviews, preparation should focus on:
Disclaimer: This guide provides general information about PMC Bank recruitment based on historical patterns, specific to the 2026 context. Actual recruitment notifications, eligibility criteria, selection processes, and salary structures for PMC Bank Recruitment 2026 may vary. Candidates are strongly advised to refer to the official PMC Bank website and the official recruitment notifications for the most accurate and up-to-date information. MySarkariNaukri.com is not responsible for any discrepancies or inaccuracies.
Verification Source: Official PMC Bank Website (www.pmcbank.com) and its notifications.