Indian Bank hiring for Independent External Monitors
Company :
Indian Bank
Website :
Job Role :
Independent External Monitors
Eligibility :
Any Graduate
Experience :
Job Location :
Last Date :
09 Dec 2016

Company Profile:

Established on 15th August 1907 as part of the Swadeshi movement. Serving the nation with a team of over 20140 dedicated staff as on 31.03.2016. Total Business crossed Rs.3,10,918 Crores as on 31.03.2016. Operating Profit : Rs. 3,032.09 Crores as on 31.03.2016. Net Profit : Rs.711.38 Crores as on 31.03.2016. Core Banking Solution(CBS) in all 2565 branches as on 31.03.2016. Return on Assets (RoA) at 0.36 per cent for FY 2015-16. Information Systems & Security processes certified with ISO27001:2013 standard and is amongst very few Banks certified worldwide.

Nature of Job:

Monitoring compliance to Integrity Pact in identified High Value procurements/contracts.

Eligibility Criteria:

The IEM should be eminent personality of high integrity, retired from Government Department/organization.
In case of Officers of Government of India Departments / Organizations or Public Sector Undertakings, who have retired from Top Management positions would be eligible for the post of IEMs.
In respect of SUs, top management position would imply officers of the rank of Director/CMD (Board level) and in Govt departments, officers who have retired at the rank of Additional Secretary/Secretary.
A candidate who is already on the panel/appointed as IEM in two or more Organisations is not eligible to apply.

Age Limit:

Maximum 70 years.

Job Responsibilities:

IEM would have access to documents pertaining to contracts above the threshold limit fixed by Bank.
The role also involves monitoring and scrutiny of the process of purchase relating to goods/services of value above the threshold limit.
A structured meeting of the IEMs with the Chief Executive of the organization to be held to review the information on tenders awarded , as and when required.
The IEMs would examine complaints received by them in respect of the tenders of value above the threshold limit and give their recommendations/views to the Chief Executive of the organization.
They may also send their report directly to the CVO and the CVC.
At least one IEM should be invariably cited in the Notice Inviting Tender. However for ensuring the desired transparency and objectivity in dealing with the complaints arising out of any tendering process, the matter should be examined by the full panel of IEMs and submit the recommendations to the Management.
The recommendations of IEMs would be in the nature of advice and would not be legally binding.
At the same time, it must be understood that IEMs are not consultants to the Management.
Their role is independent in nature and the advice once tendered would not be subject to review at the request of the organization.

How to Apply:

Duly filled in application along with attested Xerox copies of the documents should reach The Deputy General Manager (IED)/ DH, Indian Bank, Corporate Office, 254-260, Avvai Shanmugam Salai, Royapettah, Chennai-600014 or by e-mail to on or before 09/12/2016. Application not submitted in the prescribed format are liable to be rejected.