The Punjab State Cooperative Bank Ltd. Recruitment 2025

The Punjab State Cooperative Bank Ltd. has announced a new job vacancy for the post of Co-opted Professional Director. This is an excellent career opportunity for job seekers. Check the eligibility, salary details, and vacancy information. Don’t miss this chance—apply now for the latest recruitment!

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Location

Chandigarh, Punjab

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Deadline

31st May

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Published

7th May 2025

📋Partner Notification

Job Notification: Co-option of Professional Directors

Organization Name:
English: The Punjab State Cooperative Bank Ltd.
Hindi: पंजाब राज्य सहकारी बैंक लिमिटेड

Designation Details

Designation (English): Co-opted Professional Director
Designation (Hindi): सह-नियुक्त पेशेवर निदेशक

Organization Address & Location

City	Chandigarh
State	Punjab
Country	India
Postal Code	160022
Street Address	SCO 175-187, Sector 34 A

Remuneration and Employment Type

Base Salary:
No remuneration will be paid to Co-opted Professional Directors except for sitting fees and TA/DA as admissible to other directors.

Employment Type: Co-option (Non-executive, part-time role)

Important Dates

Last Date for Receipt of Application: 31st May 2025 up to 5:00 PM

Application Process

Applications must be submitted in person or by post to the following address:

The Managing Director
The Punjab State Cooperative Bank Ltd.
SCO 175-187, Sector 34 A
Chandigarh, Pin Code 160022

The envelope should be clearly labeled as "Application for Co-option of Professional Directors".

Eligibility Criteria

Minimum five years of work experience in any of the following fields:

Accountancy: Qualified Chartered/Cost Accountant
Agriculture: Agriculture Graduate/Post-graduate/Agriculture Engineer
Banking: At Senior Management Level, being a graduate
Finance/Economics/Commerce/Business Administration: CFA/Post-graduate in Economics/Commerce/Finance/Management/MBA
Law: Law graduate/Post-graduate

Other Conditions:

Must not have had a business relationship with the bank in question during the last 3 preceding years.
Must undertake not to take up any professional work (Statutory Audit, Concurrent Audit, Legal relationship, or empanelment as a lawyer, etc.) in the same bank during his/her term as Director and till 2 years after demitting office.

Age Limit

Not specified in the official notification.

Reservation Details

Not specified in the official notification.

Application Fees

Not specified in the official notification.

Selection Process

The bank reserves the right to reject any application without assigning any reason.
A declaration as in Annex-I shall be obtained from a co-opted director at the time of his/her appointment as per Bye-laws of the bank.

Important Links

Official Website: https://apex.pbcoopbank.in
Official Notification PDF: Download Notification

Helpline Numbers or Contact Information

Not specified in the official notification.

Other Important Information

As per Bye-laws no. 29.7 of The Punjab State Cooperative Bank Ltd., Chandigarh, two professionals are required to be co-opted as Directors by the Board of Directors from amongst persons who are eligible as per fit and proper criteria fixed by the Reserve Bank of India. Such Directors shall not have any voting rights.