Canbank Factors Limited Jobs 2019: 01 Inspecting Officer Vacancy for Any Graduate Salary 42,000 published on 18th May 2019

On 17/05/2019, Canbank Factors Limited announced Job notification to hire candidates who completed Any Graduate for the position of Inspecting Officer.
Vacancy 1 Inspecting Officer
Qualification Any Graduate
Vacancies 01 Post
Salary Rs. 38,000 - Rs. 42,000/-Per Month
Experience 10 - 20 years
Job Location Bengaluru|Bangalore
Last Date to Apply 10/07/2018
Other Qualification Details:
1. Eligibility :
a) Retired officials (Not less than Scale III) of Canara Bank and should have retired/ relieved under VRS on or before 31.03.2019.
b) Good experience in Inspection & other compliance matters and also in credit monitoring is desirable 

2. Job Profile
a) Inspection of all branches periodically on due dates.
b) Review of MTR submitted by branches and place Note to EVP-CAC/MD-CAC.
c) Preparation of Notes for inspection and follow up forclosure of the reports and placing closure notes.
d) Advise branches on compliance & Vigilance matters, operational issues and other matters.
e) Regular monitoring of IBCP/OD/PD dues with branches, clients & customers.
f) Review of clients and customers status vis-à-vis CIBIL database/ CRILC database on an ongoing basis.
g) Any other works entrusted by MD/ EVP.
h) The official will be reporting to EVP/MD.

3. Period of Empanelment and termination :
a) The empanelment is initially for a period of one year and renewable at the end of the year. Empanelment is for a maximum period of three years or till the age of 65 years whichever is less.
b) After selection, candidate shall be given a maximum period of one month to join for duty.
c) Either party may terminate the contract by giving one month notice in writing/ by remitting one month’s current compensation amount. The company reserves the right to terminate the services of contact appointee, who fails to show satisfactory performance by giving one month notice.

4. Allowances and other Benefits :
a) The selected official will be on contract basis and he should attend the office on a daily basis.
b) The official shall be eligible for monthly consolidated pay of Rs 38,000/- (If the official retired on scale III) and Rs. 42000/- (If retired on Scale IV and above). The remuneration shall be paid proportionately for the days worked.
c) During inspection and other client/ customer/ unit visits or any other visits pertaining to official purpose outside the Headquarters he/she shall be eligible for Boarding/ Halting/ Local conveyance Allowance/Lodging expenses and the same shall be  as applicable to Scale III officer of Canara Bank.
d) The official is eligible for allowance for Sunday/ Holiday if he/ she work prefixing and suffixing days.
e) The Officer on contract is eligible for one day leave for each completed month.
f) He shall be eligible for daily allowance on Sunday/ Holiday if he avails leave either on the prefixing/ suffixing day.
g) However, he will not be eligible for TA/HA/ Hotel bill reimbursement, if he avails leave while on official duty at outstation places.

5. Other requirement Selected candidate is required to undertake to work on contract basis and an agreement to be executed in thisregard. The candidate should produce No Objection Certificate from Canara Bank at the time of interview.

6. Waitlist A Waitlist of 3 candidates will be maintained for future requirement
Age: Age should not exceed 63 years at the time of application.


The Executive Vice President Canbank Factors Ltd No.67/1, Kanakapura Main Road (Near Lalbagh West Gate) Basavanagudi Bengaluru- 560 004

Selection Procedure

a) Advertisement shall be published in the website of our Company
b) Application received will be shortlisted by a Committee at Registered Office and only the shortlisted candidates will be called for interview.
c) Selection of candidate will be based on experience and suitability.
d) Candidate will be interviewed by an Interview Committee. Since the requirement and Headquarters are in Bengaluru, the candidate who is willing to stay and work in Bengaluru will be selected. Interview will be conducted at Bengaluru Only.

How to Apply

1. Duly filled in applications should reach our Registered Office, Bengaluru at the above mentioned address, on or before 15.06.2019 by 5.30 P M, duly super scribing "Application for empanelment on contract basis for the post of Inspecting Officer" on the envelope / cover and application received after the above date/time will not be accepted/entertained.
2. Applications are invited from officials retired from Canara Bank for empanelment on contract basis for outsourcing of Inspection work and work relating to centralized review/ monitoring of borrowal accounts of various branches and any other work entrusted by MD. Officials in Scale III and above at the time of retirement only are eligible to apply. The application form/ bio data can be downloaded from Company Website WWW.CANBANKFACTORS.COM. And to be submitted in the following address : The Executive Vice President Canbank Factors Ltd No.67/1, Kanakapura Main Road (Near Lalbagh West Gate) Basavanagudi BENGALURU - 560 004
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