Canbank Factors Ltd Recruitment 2015-2016 for 17 Officer Posts

Canbank Factors Ltd Recruitment 2015-2016 for 17 Officer Posts. Canbank Factors Ltd has issued notification for the recruitment of Junior Officer, Officer & Assistant Vice President (AVP) vacancies. Eligible candidates can apply in prescribed format on or before 25-1-2016 up to 5:30 p.m.

About Canbank Factors Ltd:

A subsidiary of CANARA BANK, a leading Public Sector Bank, reputed for its diversified and professional services.
Incorporated in the year 1991, with Small Industries Development Bank of India(SIDBI) and Andhra Bank as co-promoters.
As a Non-Banking Financial Company, the Company is governed by the Regulatory Norms of Reserve Bank of India.
As one of the leading factoring industry in INDIA , with a Factored Turnover of Rs.3123.04 crores ( as on 31 March 2013 ).
The Chairman & Managing Director and the Executive Director of CANARA BANK are the CHAIRMAN and the VICE CHAIRMAN respectively of the Company.Managed by the Managing Director, a executive in top management cadre deputed from CANARA BANK, under the guidance and control of Board of Directors, consisting of eminent personalities from Financial Sector. The day-to-day affairs of the company are managed professionally, by a team of qualified and committed executives and officials, deputed from Canara Bank.
Our Company continues to enjoy the highest rating of “A1+” by CRISIL for its Short Term Debt Programme.
The assigned ratings reflect Canbank Factors Limited’s (CBF) strong market position in the domestic factoring business and its comfortable earnings profile. While the inherent vulnerability of its asset portfolio (on account of the dominant exposure to small and medium enterprises) moderates CBF’s credit profile, the company’s demonstrated ability to maintain low delinquency levels is a key factor supporting the rating. The rating also reflects the strengths that CBF derives from its majority ownership by Canara Bank.

Canbank Factors Ltd Recruitment 2015-2016 Details:

Total Number of Vacancies: 17 posts

Name of the Post:

1. Junior Officer: 6 Posts

a. General: 3 Posts
b. OBC: 1 Post
c. SC: 1 Post
d. ST: 1 Post

2. Officer: 5 Posts

a. General: 3 Posts
b. OBC: 1 Post
c. SC: 1 Post

3. Assistant Vice President (AVP): 6 Posts

a. General: 3 Posts
b. OBC: 2 Posts
c. SC: 1 Post

Last Date for Submission of Application: 25-1-2016 up to 5:30 p.m.

Age Limit:

Post No.1, 2: Between 21 and 30 years of age.
Post No.3: Between 26 and 32 years of age.
Upper Age Relaxation of 5 years for SC/ ST and 3 years for OBC.

Pay Scale:

Junior Officer: Rs.12,200 – 500/ 14 – Rs.19,200 – 400/ 1 – Rs.19,600
Officer: Rs.15,000 – 500/ 11 – Rs.20,500
Asst. Vice President: Rs.17,500 – 400/ 1 – Rs.17,900 – 500/ 8 – Rs.21,900
Plus applicable Dearness Allowance, HRA, CCA, Conveyance, Medical Aid, Leave Fare Concession, etc. as per company rules depending on the place of posting.

Educational Qualification:

Post No.1, 2: I Class / High II Class graduates / Post Graduates in any discipline from a recognized university with consistent good academic record (55% aggregate).
Post No.3: Post graduates in any discipline from a recognized university preferably in Commerce with minimum 55% aggregate marks.

Selection Process:

Shortlisted candidates will only be called for interview by call letter/ e-mail.


Candidates must have to pay Rs.250/- for General candidates and Rs.50/- for SC/ ST candidates through Demand Draft is to be drawn favoring “Canbank Factors Ltd” drawn on Bengaluru.

How to Apply:

The eligible candidates can send their application in prescribed format along with DD, in an envelope should be super-scribed to The Executive Vice President, Canbank Factors Ltd, No. 67/1, Kanakapura Main Road (Near Lalbagh West Gate), Basavanagudi, Bangalore – 560004 on or before 25-1-2016 by 5:30 p.m.

Recruitment Advertisement: Click Here
Application Form: Click Here

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