IOB General Manager Recruitment 2026

Chennai
Apply By: 05 Aug 2026
Status: Active / Open

Job Description

Overview

Indian Overseas Bank (IOB) has announced a high-level leadership opening for the position of General Manager – Chief Financial Officer (CFO). This role is critical for overseeing the bank's financial health, regulatory compliance, and strategic capital planning. The bank is seeking a seasoned professional with extensive experience in banking finance to lead its financial operations from the Central Office in Chennai.

Key Responsibilities

  • Directing statutory auditing processes and ensuring compliance with SEBI and RBI mandates.
  • Monitoring key financial performance indicators such as ROA, ROE, and Non-Interest Income.
  • Managing tax liabilities, including GST and TDS, to optimize the bank's financial position.
  • Developing and maintaining robust accounting systems in line with international standards and RBI guidelines.
  • Coordinating with the Financial Control Department to review regional and overall bank performance.
  • Overseeing strategic capital planning, balance sheet optimization, and stakeholder relationships with government and rating agencies.

Why Apply

This position offers a prestigious leadership role within a major public sector bank, providing significant influence over the organization's financial strategy. The role includes a competitive compensation package and the opportunity to work at the senior management level in a dynamic banking environment.

Important Dates

  • Application Start: 22 July 2026
  • Application End: 05 August 2026

Quick Facts

  • Vacancy: 1 (General)
  • Pay Scale: Scale VII-GM Level
  • Location: Chennai
  • Category: Bank Jobs

IOB General Manager Recruitment 2026 Overview

Registration Date
22 Jul 2026 – 05 Aug 2026
Salary
Rs. 1,56,500 – 1,73,860
Vacancies
1
Eligibility
Chartered Accountant
Application Link
Apply Now

Vacancy Details

  • General Manager – Chief Financial Officer: 1 Post (Unreserved)

How to Apply

  1. Visit the official IOB website at www.iob.bank.in and navigate to the 'Careers' section.
  2. Select the recruitment link for the Chief Financial Officer position.
  3. Register online to obtain a system-generated Registration Number and Password.
  4. Upload your photograph and signature according to the specified guidelines.
  5. Complete the application form with accurate personal and professional details.
  6. Upload mandatory documents including birth proof, degree certificates, CA certification, and experience letters in PDF format (each under 200KB).
  7. Submit the form and proceed to pay the application fee online.
  8. Print the submitted application and payment receipt for your records.

Cutoff Marks

50 marks for General; 45 marks for OBC/SC/ST/PwBD.

Application Fee

General/EWS/OBC: Rs. 1000/-. SC/ST/PwBD: Rs. 175/- (Intimation charges only). Fees are non-refundable and payable via online mode (Debit/Credit Card/Net Banking).

Age Limit

Maximum 55 years as on 01.07.2026.

Selection Process

The selection process consists of a Personal Interview or Discussion, which carries a total of 100 marks. The bank may conduct a preliminary screening of applications to shortlist candidates based on their qualifications, suitability, and professional experience. A minimum of 50 marks is required to qualify for the interview, with a reduced threshold of 45 marks for OBC, SC, ST, and PwBD candidates. The bank reserves the right to modify the selection mode based on the volume of applications.

Exam Pattern

The selection is based on a Personal Interview/Discussion carrying 100 marks. No written examination is specified for this senior management role.

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Organization

Indian Overseas Bank (IOB) is a major public sector bank headquartered in Chennai, India. Established in 1937, it operates under the ownership of the Ministry of Finance, Government of India. The bank provides a wide range of financial services, including retail banking, corporate banking, and international operations. IOB is committed to financial inclusion and serves a diverse customer base through its extensive network of branches across the country, playing a vital role in the national economy.

Frequently Asked Questions

There is exactly 1 vacancy available for the position of General Manager – Chief Financial Officer, which is reserved for the Unreserved (General) category. Please refer to the official notification for any further updates regarding category-wise distribution.

The online application window for the IOB Chief Financial Officer recruitment closes on 05 August 2026. Ensure that you complete your registration and fee payment before this deadline to avoid any technical issues.

Candidates must be a qualified Chartered Accountant. While not mandatory, holding an FRM Certification or CFA is considered a preferred qualification for this senior management position.

The maximum age limit for applicants is 55 years as of 01 July 2026. This age limit is inclusive of all applicable relaxations provided by the government.

The selected candidate will be placed in the Scale VII-GM Level pay scale of Rs. 1,56,500 – 1,73,860. The approximate Cost to Company (CTC) is around Rs. 44 lakhs per annum, including various allowances and perquisites.

The selection process involves a Personal Interview or Discussion carrying 100 marks. The bank may perform a preliminary screening of applications to shortlist candidates based on their experience and qualifications before the interview stage.

Yes, the selected candidate is required to execute a service bond of Rs. 3 lakhs at the time of joining, committing to serve the bank for a period of 3 years.

The application fee is Rs. 1000/- for General, EWS, and OBC candidates. For SC, ST, and PwBD candidates, the fee is Rs. 175/-, which covers intimation charges only. All payments must be made online.
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