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Organisation : Corporation Bank
Post Name : Recruitment for Chief Executive Officer in 2017
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Chief Executive Officer Recruitment :

Policy on recruitment of Chief Executive Officer for Grameena Abhyudaya Financial Literacy & Credit Counseling Trust (GAFLCCT):

Related : Lakshmi Vilas Bank Recruitment 2017 Probationary Officer Walk-in :

Post : Chief Executive Officer

Eligibility : The candidate should be a retired as Officer Employee from a public sector bank, the age of entry below 65 years, having appropriate aptitude and competence to manage the day to day affairs of the Trust.

Selection process : Applications will be invited by the candidates by putting up Notices in the Notice Boards at (a) Administrative Office of the Trust b) Newspaper advertisements.

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Remuneration structure for the Chief Executive Officer:
i) If the candidate fulfills eligibility criteria, he/she may be appointed as Chief Executive Officer (CEO) on contract basis for a period of one year with a consolidated salary of Rs.15,000/- (Rupees Fifteen thousand only) per month.

ii) On completion of each year of satisfactory service, the candidate may be again appointed as CEO on contract basis for a period of one more year, with a salary of Rs.15,000/- per month plus the appropriate increment as indicated below, for the completed years of service.

iii) On completion of each year of satisfactory service, increment will be paid as follows:
a) Rs.750/- (Rupees seven hundred fifty) each after completion of first & second year
b) Rs.1000/- (Rupees one thousand ) each after completion of third & fourth year
c) Rs.1250/- (Rupees one thousand two hundred fifty) each after completion of fifth and sixth year.

iv) The CEO will be paid following allowances:
(a) Conveyance allowance of Rs.2,000/- per month
(b) Telephone allowance of Rs. 750/- per month

v) However, no increment will be payable after the salary reaches Rs.21,000/- per month.
vi) Salary will not be paid for “days of absence” in any month, after casual leave is exhausted in a calendar year.
In all administrative matters, the decision of the Board of Trustees will be final and binding.

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