Recruitment of various post in Junior Officers on contract basis in Canbank Factors Ltd.

Faaip | Monday 2 August 2021



Annexure I


Applications are invited for post of

Junior Officers on contract basis in Canbank Factors Ltd.


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Candidates can download the application form from Company Website

WWW.CANBANKFACTORS.COM. Application form to be Properly filled up duly  filling  up  all  the  columns and  duly  signed by  the  candidates

himself/ herself along with applicable Demand Draft  (refer point no 3

below) towards fee to be submitted in the following address :


The Executive Vice President

Canbank Factors Ltd

No 67/1, Kanakapura Main Road

(Near Lalbagh West Gate) Basavanagudi

BENGALURU - 560 004



Vacancy: 5 posts


The number of posts provided is provisional and may vary accordingly to actual requirement of the Company subject to availability of suitable candidate. The  decision  of  Management will  be  final  in  calling  for interview/  Selection/  Posting  of  Candidates.  Out  of  the  present selection, Company at its sole discretion may maintain a waiting list from the present recruitment till 31.03.2022 for any future exigencies.



DD Rs 250/-


DD is to be drawn favoring "Canbank Factors Ltd" drawn on



Last Date of receipt of


Duly filled in applications should reach our Registered Office, Bengaluru at   the   above   mentioned   address,   on   or   before   31.07.2021

by 5.30 P M, duly super scribing "Application for the post of Junior

Officer on  contract basis” on the envelope /  cover and application received after the above date/time will not be accepted/entertained.



The application for Junior Officers on contract basis will be shortlisted based on Qualification, experience and suitability and shortlisted candidates will only be called for interview by call letter and / or e-mail.


Interview will be held at our Registered Office, Bengaluru. Interview letter/ Mail will be sent only for the short listed candidates.


Contract period

The contract period shall be for one year only and may be renewed for another year at the sole discretion of the Company.


In case if the Company requires the services of the selected candidate for further period, the contract may be renewed for further period upto

2 more years with renewals after each year.


Either party may terminate the contract by giving one months’ notice in




writing/ remitting one months compensation amount. The Company

reserves the right to terminate the services of the contracted appointee who fail to show satisfactory performance or even without any reasons

by giving one month’s notice at any time during the contract period.



Salary &


The  remuneration payable to  the  contracted  employees will  be  on consolidated basis. The remuneration will be the Starting Basic of the

Junior  Officers  of  regular  employees  (Presently  Rs  19200/-)  with

applicable DA at the time of appointment. Further the consolidated amount shall remain the same throughout the contract period. If the

contract is being renewed, the increase/ enhancement in consolidated

pay will be increased by the increment portion of the regular employees of the cadre with applicable DA at the time of renewal.


The contracted employees shall not be eligible for Company provided accommodation. They will not be eligible for any other allowances/ benefits as applicable to regular Company employees (Direct recruited employees). PF & Gratuity applicable as per law for contract employees.


Statutory deductions like Income tax, professional tax, TDS etc. if any shall be deducted as per the provisions of the respective Acts.




I.     This recruitment is being made in M/s Canbank Factors Ltd, a

Company  registered  under  Companies  Act,  1956  and  the appointee shall have no lien or claim with Canara Bank or any of

its other Subsidiaries / Holding companies whatsoever.

II.    The Interview center shall be BENGALURU. The candidate shall attend the interview at his/her own cost.

III.     The job is transferable anywhere in India to any of our branches.

The  selected  candidates  will  be  posted  anywhere  in  India, depending on the requirement of the Company.

IV.     The Company (CBFL) reserves the right to call for interview only the requisite number of candidates based on the screening of applications

V.     Incomplete applications received, applications received after the

due date will be summarily rejected and the fee will be forfeited. VI.     Applications once made will not be allowed to be withdrawn and

fee once paid will not be refunded under any circumstances.

VII.  Candidates should not furnish any particulars that are false/tampered/fabricated.      Suppression   of   any   material

information while submitting the application or impersonating or

misbehaving or resorting to improper means during the interview shall be liable to criminal prosecution besides disqualification

from the selection process.

VIII.     Decision  of  CBFL  in  all  matters  regarding  eligibility  of  the candidate, screening of  the application, calling for interview,

documents to be produced for conduct of interview, selection and any other matter relating to recruitment will be final and

binding on the candidate.

IX.     CBFL reserves the right to stall, cancel the recruitment partially / fully at any stage at its discretion without assigning any reason and this decision shall be binding on the candidate.   No correspondence or personal enquiries shall be entertained by the company.

X.     The candidates called for interview shall submit all the original documents   pertaining   to   age,   qualification,   experience, Computer  Proficiency  etc.,   at   the   time   of   interview  for

verification. Any candidate found ineligible at this stage shall not be allowed to participate in the interview.




XI.    Appointment of selected candidate is subject to his / her being declared  medically  fit  and  certificate  in  original  shall  be

submitted from medical authority as prescribed by the company. XII.    Either party may terminate the contract by giving one months notice  in  writing  during  the  contract  period.  The  Company

reserves the  right to terminate the  services of  the  contract appointee who fail to show satisfactory performance or even without any reasons by giving one months notice at any time during the period of contract.

XIII.    Candidates should write his/her name on the reverse of the

Demand Draft sent along with the application.

XIV.     The Company (CBFL) will not be responsible for any loss of application in transit or for non-receipt of application at our end

or  any  postal/  delivery  delay.  Applications  received  after

31.07.2021 (5.30 PM) will not be accepted even if the delay is due to reasons beyond control of the candidates.

XV.    The Company reserves its right to change the date/ schedule of interview center/ No. of candidates to be selected after interview at its sole discretion. However, changes if any will be published in our website.

XVI.  At the time of interview if called, the Candidates shall produce No Objection Certificate from the current employer if the candidate  is  working.  Upon  selection,  the  candidate  should

submit "Relieving Letter" from his/her previous employer at the time of joining our company.

XVII. Canvassing in any form will be treated as disqualification.

XVIII. The  Company  will  not  be  responsible  for  applications  being rejected/ not shortlisted for interview.

XIX.  A  Committee  will  shortlist  the  candidates  @  1:10  (i.e.  10

candidates for one vacancy) for interview based upon candidates performance  in  their  academic  career,  qualification,  his/her

ability to speak/ read/ write local language, nearness of his/ her domicile to branch, experience in the previous assignment, computer knowledge and knowledge of MS Office.

XX.  The names of 50 candidates shortlisted for the interview for 5 vacancies will be published in our website along with the details of venue/date/time of interview. All candidates are advised to refer our website for all types of communication/ information on

interview/ appointment etc.) Candidates who are not shortlisted for interview will not be intimated separately.

XXI. Candidates     are      advised      to      refer      our      Website

(  in   respect   to   Date/   Venue   of

Interview/ any other communications/ information.

XXII. Any dispute arising out of this advertisement/ recruitment shall be subject to the sole jurisdiction of  the Courts situated in


XXIII. Payment  of  application  fee/intimation  charges  by  any  other mode/means will not be accepted.  Apart from application, photo and Demand Draft, the candidate should not send any other documents  like  resume,  conduct  certificate,  xerox  copies  of marks list/certificate, earlier appointment letters etc. The application along with DD shall be sent through Ordinary Post/ Courier. Online application/ application through e mail will not be entertained and will be rejected.



Eligibility Criteria (Qualification, Age, Experience etc) as on 31.03.2021.


Junior Officer :

Qualification              He/ She should be a graduate with minimum 55% of marks in any discipline from a recognized University/ institution with computer knowledge.

Age as on


Between 21 & 30 years of age.


Executive Vice President

Canbank Factors Ltd

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