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Inviting Applications for the post of Chief Executive Officer (CEO)
The Nilambur Co-operative Urban Bank Ltd, a leading Non Scheduled Primary Co-operative Urban Bank with 26 branches in the State of Kerala proposes to appoint a Chief Executive Officer (CEO) on Contract basis subject to the approval of the Reserve Bank of India. The initial appointment will be for a period of 3 years or until the appointee attains the age of 70 years, whichever is earlier. However it may be renewed based on satisfactory performance as determined by the Board of Directors and with prior RBI approval. Salary will be commensurate with age, qualification and Experience. The Job description, qualification and other terms and conditions are as shown below.
1. Job Description:
Job Title : Chief Executive Officer (CEO)
Job Type : Professional on contract basis
Location : Nilambur
Recruitment Type : Initial Tenure of 3 years which could be further extended
subject to satisfactory approval of the BOD and RBI.
Closing Date of application : 24/07/2026
2. Age : Not less than 35 Years and not completed 67 years as on 01/01/2026.
3. Qualification : The candidate shall be a graduate with
(a) CAIIB/DBF/Diploma in Co-operative Business Management or equivalent
qualification or
(b) Chartered/ Cost Accountant or
(c) Post graduate in any discipline.
4. Experience : A minimum of 8 years of work experience in the senior manager grade IV level and above in the banking sector (preference will be given to applicants from RBI, Scheduled Commercial Banks and Co-operative banks defined under The BR Act 1949 (AACS)). Additional experience with regard to digital banking and payment ecosystem with special focus in Core banking solutions, cyber security, credit, risk and treasury etc will be highly appreciated.
5. The Applications in the enclosed pro forma, clearly demonstrating eligibility against the requirement, along with one passport size photograph, should be sent in closed cover super-scribed with the words “Application for the post of CEO in The Nilambur Co-operative Urban bank Ltd” to reach the address given below on or before 24/07/2026.
6. The selected candidate shall be required to resign/ retire from and be relieved from his/ her current employment before joining the post. Restrictions on re-employment as prescribed, after tenure in existing capacities with respective PSBs and other Scheduled Commercial banks would apply. Fiduciary declaration is required from every CEO on or before his appointment as such.
7. The selected candidate must join within 15 days from the date of appointment (Subject to RBI Approval). The period would be extendable for a further period of 15 days on the request of the candidate subject to approval of competent authority. If the selected candidate fails to join even after the notice or submits unwillingness, his/her application shall be considered null & void and the BOD may consider the next best candidate.
8. The applications shall be screened by a Screening Committee/ Agency and suitable candidates meeting the eligibility criteria shall be shortlisted and informed by e-mail for an interaction/ interview (in person or Online) with the Board of Directors for the appointment subject to approval of RBI. The decision of the Board of Directors shall be final.
9. Incomplete applications or applications received after the due date will not be considered.
10. The BOD retains the right to resolve / remove difficulties experienced in the course of this process.
Place : Nilambur Chairman
Date : 15-07-2026 The Nilambur Co-Operative Urban Bank Ltd