Financial Services Institutions Bureau (FSIB) has invited applications from qualified candidates for the open positions of Executive Director (ED) in Nationalised Banks for the FY 2026-27 on full-time basis.
The vacancies are open in Indian Bank, Punjab National Bank, Union Bank of India and Bank of Baroda.
Last Date to apply is 15 May 2026.
Eligibility
Age: The applicant should have minimum 40 years of age and 3 years of residual service [treating 60 years as the age of superannuation] as on April 01, 2026.
Educational Qualifications: The applicant must hold a Graduate degree of any of the Universities incorporated by an Act of the Central or State Legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of the University Grants Commission Act 1956 or possess an equivalent qualification.
Experience
For Candidates from Nationalised Banks: The applicant should have a combined service of 4 years at Chief General Manager and General Manager level in nationalised banks. Candidates holding the post of Chief Vigilance Officer (CVO) shall not be eligible to be considered for appointment to the post.
For Private Candidates: The applicant should have minimum 18 years of experience with 12 years of banking experience including 3 years at the highest level below board level (to be held on substantive basis). 4. Penalty: For candidates from Public Sector Banks:If an officer has been imposed two or more major penalties in his /her career, he/she shall not be eligible to apply for the position of ED, Nationalised Banks. The penalties imposed, including minor penalties, on the applicants during the last ten years period shall also be disclosed.
Selection Process
Selection will be based on Shortlisting and Personal Interview. Applications received shall be scrutinised and shortlisted for interview based on experience and eligibility conditions. Final selection of the candidates will be done by the Financial Services Institutions Bureau (FSIB).
Salary
The scale of pay attached to the post of ED is Rs. 1,76,800 to Rs. 2,24,000 [Level 14.A]
Time Period
The term of office shall be as per Paragraph 8(1) of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 and 1980 and the age of superannuation shall be 60 years.
