29th October 2025
A. Chief Executive (Managing Director)
A Post Graduate Degree in any discipline of Social Sciences from a recognized University. 20 years of experience in a responsible position in a financial institution or any organization dealing with Short Term Cooperative Credit Structure, considerable research experience to undertake and guide research projects/ conduct training programmes. A Ph.D. in one of the relevant disciplines is desirable.
B. (Section 51, Sub Section 1A of the MSCS Act, 2023)
(1A) No multi-State co-operative society shall appoint or continue the employment of any person as the Chief Executive who -
(a) is below the age of twenty-one years or has attained the age of seventy years: Provided that any person above the age of seventy years may be appointed by a special resolution passed by three fourth of the board members, in which case the explanatory statement annexed to the notice for such motion shall indicate the justification for appointing such person.
(b) is an undischarged insolvent or has any time been adjudged as an insolvent.
(c) has at any time been convicted by a court of an offence and sentenced for a period of more than six months; or
(d) does not meet the criteria for ‘fit and proper’, as determined by the Central Registrar in case of multi-State credit societies or in case of non-credit multi-State societies, does not meet the criteria as Central Government may prescribe in terms of education qualifications and relevant experience.’’.
C. Pay Scale based on Seventh Pay Commission, Govt of India:
Chief Executive/Managing Director: Rs.144200 - 218200 -14 (Matrix level) along with allowances and benefits as admissible under the Rules & Regulations governing the service conditions of the staff of NAFSCOB.
Allowances:
The allowances and benefits include Gratuity, Contributory Provident Fund, compensation towards Medical Expenses, Reimbursement of Hospitalization Expenses, Health Checkup Scheme, Ex-Gratia, Conveyance Allowance, Car, Car Parking allowance, Officiating Allowance, if any, Telephone /Cell Facility, Leave Fare Concession, Advances as per rules & Loans, Interest Free Festival Advance, Travelling Allowance as per rules, for both domestic & Foreign visits.
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1st December 2025
Applications for selection of Managing Director/Chief Executive of NAFSCOB are No more accepted after 30-11-2025 - Total Number of Applications Received - 38
1. The last date for receipt of the Applications for selection of Managing Director/Chief Executive came to closure by 30-11-2025. Applications are No more accepted after this date.
2. The 7-member selection committee has been appointed.
3. The interview Process shall be initiated in 2 to 3 Phases.
First Phase:
All short-listed applicants will be advised to visit the Office of NAFSCOB for familiarization during second /third week of December. 2025. Intimation will be sent to all these shortlisted applicants individually explaining the objective of this exercise which is compulsory to attend tin person to be qualified for Personal Interview by the committee on a later. These candidates will be advised to bring all relevant documents such as No objection from the Employer, (if employed) Last pay drawn certificate, conduct certificate from the Ex-employer (incase Not in employment). The candidates who had occasion to visit NAFSCOB on earlier occasion also are expected to visit again at their own cost. The list of shortlisted candidates may be prepared and uploaded in the website (www.nafscob.org)
Second Phase:
The applicants who attend the Office of NAFSCOB as part of first phase exercise of familiarization shall be shortlisted and such shortlisted candidates will be invited for personal interview by the selection committee members.
Third & Final Phase:
To discuss issues before considering offer of Appointment. All invited candidates have to make their own arrangements to attend in person and also meet their own expenditure. NAFSCOB does not meet any kind expenditure incurred by the candidates to attend all three phases of interview process.
Request:
The shortlisted candidates will only be invited to participate in the above events planned in 3 phases. No separate communication will be sent to the candidates who could not be shortlisted. Request not to make enquiries about status of their applications. Pl do not seek any information through personal WhatsApp of Chairman and or Managing Director, related to the selection of Managing Director/Chief Executive, NAFSCOB. We will also make the above guidelines public to be transparent.
By: Managing Director, NAFSCOB
www.nafscob.org
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15th December 2025
INVITATION TO FIRST PHASE OF INTERVIEW: dated 15 December 2025
This is in continuation of our earlier e mail intimating about the process involved in the Selection of Managing Director/CEO for NAFSCOB.
We are pleased to inform you that a two-member Screening Committee short listed the candidates eligible to be invited for the first phase of Selection process i.e “Visit to Office of NAFSCOB in person”. We are very much pleased to inform you that you are one of the shortlisted candidates for the first Phase.
The visit to Office of NAFSCOB has been fixed from 16-12-2025 till 22-12-2025. (except on 21-12-2025, the Sunday). The suggested time for your visit is between 11.30 hrs till 16.30 hrs. The visit is arranged for the short-listed candidates to get acquainted with the infrastructure, Logistics, Manpower, service conditions etc. of NAFSCOB. This visit is compulsory to attend in person to be qualified for Personal Interview by the Selection committee on a later date, at your own expenses. You are advised to bring copies of all relevant documents such as Educational /Academic qualifications, Experience, No objection from the Employer, (if employed) Last pay drawn certificate, conduct certificate from the Ex-employer (incase Not in employment). The candidates who had occasion to visit NAFSCOB on earlier occasion also are expected to visit again at their own cost. The details of the candidates who attend the Office of NAFSCOB between 16-22 December 2025 shall only be prepared to be placed for perusal of the Board of Directors of NAFSCOB on 23-12-2025 for further scrutiny, finalize criteria and finally shortlisting for personal Interviews by the selection Committee.
(This general information is uploaded on the website (www.nafscob.org).
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23rd December 2025
NOTIFICATION BASED ON RESOLUTION BY NAFSCOB BOARD
1.The Board of Directors, National Federation of State Cooperative Banks (NAFSCOB) perused the personal and academic details of all those who attended the First Phase of Interview for the position of Managing Director. CEO, NAFSCOB on 23-12-2025.
2.The Board decided to review and finalize the Fit and Proper criteria for shortlisting the candidates to select Managing Director/CEO, NAFSCOB in terms of Age, retaining all other provisions incorporated in the service condition as governing the ...
2.1 a) Chief Executive (Managing Director):
A Post Graduate Degree in any discipline of Social Sciences from a recognised University 20 years’ experience in a responsible position in a financial institution or any Organisation dealing with Short Term Cooperative Credit Structure, considerable research experience to undertake and guide research projects/ conduct training programmes. A Ph.D. in one of the relevant disciplines is desirable. Age should be between 50 and 60 years (Not more than 60 years) for appointment as Managing Director/CEO, NAFSCOB for an initial period of 3 years. (Term is not extendable under any circumstances in case of those who are appointed after retirement).
3.The invitations for second phase of interviews will be based on the above ‘Fit and Proper Criteria’.
4.The interviews for the second phase will be conducted after the elections are conducted by Cooperative Election Authority (CEA) to the Board of Directors of NAFSCOB and the new Board of Directors of NAFSCOB assumes the charge. THANK YOU VERY MUCH FOR ALL THE CANDIDATES WHO ATTENDED THE FIRST PHASE OF INTERVIEWS ON 16-23, DECEMBER 2025 AND FOR THEIR KEEN INTEREST TO WORK FOR NAFSCOB
Prepared by: Managing Director
Approved by: Chairman