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Indian Banks’ Association (IBA) has invited applications from interested retired/retiring Executives of Banks for the post of Senior Advisor – Stressed Assets Management on a contract basis at the Mumbai Office.
Eligibility
Serving/Former CGM/GM (Scale VIII/VII, preferably CGM) or equivalent, having a minimum of 3 years of relevant functional experience at the DGM/GM/CGM level.
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Desirable Experience
- Deep operational knowledge of the Insolvency and Bankruptcy Code (IBC), NCLT processes, SARFAESI Act, Debt Recovery Tribunals (DRT), and One-Time Settlements (OTS).
- Experience in debt restructuring, sale of assets to Asset Reconstruction Companies (ARCs), and managing Joint Lenders’ Forums (JLF) or Inter-Creditor Agreements (ICA).
- Thorough understanding of RBI prudential guidelines on asset classification, provisioning, and stressed asset resolution.
Candidates retiring within the next one year may also apply, subject to approval from their respective bank for deputation.
Age
Not more than 62 years as on 01.07.2026.
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Compensation
- ₹2,83,400 per month
- Conveyance
- Reimbursement of leased accommodation as per policy
Period of Engagement
The appointment will be on a contract basis for an initial period of 3 years, extendable for another 3 years or until the age of 65 years, whichever is earlier.
Other Information
- Place of posting: Mumbai
- IBA will not provide a car facility.
- The Chief Executive may relax eligibility criteria depending on the availability and suitability of candidates.
How to Apply
- Apply only through the IBA Careers Portal.
- Applications through any other mode will not be accepted.
- Upload a passport-size photograph and signature.
- Keep the acknowledgement number generated after submission.
- No changes will be allowed after submission.
- Last date to apply: 10 August 2026, 5:00 PM
- Only shortlisted candidates will be informed by email.
- No TA/DA will be paid for attending the interview.
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