State Bank of India | Recruitment of Channel Management Facilitators

State Bank of India

Central Recruitment & Promotion Department Corporate Centre, Tulsiani Chambers, West Wing, 212, 1^st floor, Free Press Marg, Nariman Point, Mumbai – 400021.

ANNOUNCEMENT

APPOINTMENT OF CHANNEL MANAGEMENT FACILITATORS IN STATE BANK OF INDIA

Applications are invited from eligible officers retired from State Bank of India, Associate Banks of State Bank of India, RRBs sponsored by State Bank of India & Public Sector Banks for appointment as Channel Management Facilitators (CMFs) in State Bank of India on Contract Basis. The eligible applications will be considered for appointment as CMFs in the Bank in the following order of preference:

1^st preference: Retired officers of State Bank of India. 2^nd preference: Retired officers of Associate Banks of State Bank of India. 3^rd preference: Retired officers of RRBs sponsored by State Bank of India. 4^th preference: Retired officers of other public sector Banks.

VACANCIES:

Total 600 provisional vacancies spread over Circles as under:
(Reservation policy not applicable)

Sr. No.	Circle	No. of Vacancies
1	Ahmedabad	41
2	Banglore	27
3	Bhopal	46
4	Bhubaneshwar	15
5	Chandigargh	47
6	Chennai	37
7	Delhi	51
8	Guwahati	21
9	Hyderabad	100
10	Kerala	15
11	Kolkata	15
12	Lucknow	33
13	Mumbai	78
14	Patna	74
	Total	600

ELIGIBILITY CRITERIA:

Middle Management Grade Scale – II or above officials retired on attaining superannuation from State Bank of India/ Associate Banks of State Bank of India/ RRBs sponsored by State Bank of India/ Public Sector Banks.
- Age not above 62 years as on 01-04-2010
The officers voluntarily retired, retired under VRS/ Exit Option Scheme or left the service before superannuation are not eligible.
- Retired officials should have undoubted integrity.
Applicant should not have been subjected to punishment/penalty by the employer Bank during last five years before of his/her retirement.
- Cases of CBI or other Law enforcement agencies should not be pending against the applicant.
Applicants should be physically fit to carry out the duties of CMFs which includes continuous visits to villages.
- Applicants should be able to read, write and speak local language.

HOW TO APPLY

The eligible candidates would be required to apply on prescribed Application Format available at the end of this announcement, duly certified by concerned employer Bank. Applications received without the Employer Bank Certification will not be considered. The Application should be sent in an envelope marked “Channel Management Facilitators in SBI” and sent to:-The General Manager, State Bank of India, Central Recruitment & Promotion Department, Corporate Centre, Tulsiani Chambers, 212, West Wing, 1^st floor, Free Press Marg, Nariman Point, Mumbai – 400 021 so as reach on or before 20-02-2010.

SELECTION PROCEDURE:

The selection is based on performance in the interview and subject to order of preference mentioned above. Minimum qualifying marks in the interview will be 50% (50 out of 100 marks).

JOB-PROFILE OF CHANNEL MANAGEMENT FACILITATORS (CMFs):

♦ CMFs to co-ordinate advise and assist Bank’s officials and work as intermediaries between the Bank and the Business Correspondents/Business Facilitators (BCs/BFs).

♦ Help the Bank in identifying suitable BCs/BFs, assist the Bank in setting key performance areas for the BCs/BFs in terms of number of deposit accounts and deposit amount, number and type of loans sourced, insurance policies sold and number of Mutual Funds sold.

♦ Tracking the business sourced by BCs/BFs through the Channel Management Software and creating reports at regular intervals and submission of the same to CM (Rural)/Regional Manager at regular intervals.

♦ Follow up and report the performance of BC/BF on a regular basis by conducting surprise visits, checking written records.

♦ Help CM (Rural) for calculation and payment of commission at determined rates.

♦ Supporting the BCs/BFs for sourcing business, running promotional programs for asset and liability products.

SERVICE CONDITIONS:

♦ The CMFs will be appointed on a contract basis for a period of two years.

♦ The contract of service may be renewed for a further period of two years or up to the age of 65 years age, whichever is earlier.

♦ The renewal of contract is subject to continued good performance and physical fitness of the

CMF.

♦ CMF will not be entrusted with any financial/administrative powers.

♦ Performance of CMFs will be reviewed half-yearly.

♦ The Bank may decide to terminate the contract of service if the performance of a CMF is not found satisfactory.

♦ The Bank may at its sole discretion terminate the contractual appointment by giving one month’s notice or one month’s gross emoluments in lieu thereof to a CMF at any time during the contract of service.

REMUNERATION:

The monthly fixed remuneration & annual variable pay would be as under:-

Contract	Monthly Fixed	Amount of Variable Pay (Rs. Per annum)
Period	Remuneration
Period	Remuneration	Who achieve	Who achieve	Who achieve more
		less than	exactly 100% of	than 100% prorata
		100% of the	the target in all	under each
		target	categories	category
	(a)	(b)	(c)	(d)
1^st Year	Rs10,000/- p.m.	Nil	Rs 30,000/- p.a.	In addition to the variable pay mentioned in
2^nd Year	Rs12,000/- p.m.	Nil	Rs 36,000/- p.a.	column (c) performance incentive will be
3^rd Year	Rs14,000/- p.m.	Nil	Rs 42,000/- p.a.	paid which will be the same additional % of variable pay
4^th Year	Rs16,000/- p.m.	Nil	Rs 48,000/- p.a.	by which the officer has exceeded the target.

The officials would also be eligible for reimbursement of:-

♦ mobile phone bill charges of Rs 500/- per month

♦ conveyance charges of Rs 2,000/- per month for their regular visits to villages in their coverage area

♦ AC-2 tier rail fare by shortest route or by public transport if asked to travel outside their headquarters

♦ Halting Allowances on deputation to places outside headquarters @ Rs. 500/- per diem for Metro/Urban centres, Rs 350/- per diem for Semi Urban centres & Rs 250/- per diem for Rural centres.

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