Overview
Indbank Merchant Banking Services Limited (IBMBS Ltd.), a prominent subsidiary of Indian Bank, has issued a recruitment notification for proficient individuals to join its team. This recruitment drive aims to fill a total of 14 vacancies for the positions of Relationship Manager and Dealer, specifically for its Stock Broking Terminals. Indbank is a key player in the financial sector, offering services such as stock broking, depository participation, distribution of mutual funds and other investment products, along with merchant banking and advisory services.
Important Dates
| Event | Date |
|---|---|
| Notification Release | August 10, 2026 |
| Last Date for Application Submission | August 31, 2026 |
Vacancy Details
A total of 14 positions have been announced across the two specified roles:
- Relationship Manager: 8 Posts
- Dealer - For Stock Broking Terminals: 6 Posts
The official advertisement does not provide details on category-wise reservation or distribution of these vacancies.
Eligibility Criteria
Prospective candidates must fulfill the specified criteria concerning age, educational qualification, and relevant work experience. The cut-off date for determining eligibility is July 1, 2026.
Educational Qualification:
- For Relationship Manager: Applicants must possess an MBA in Marketing or Finance from a recognized university. Possession of NISM certification or an equivalent capital market qualification is preferred.
- For Dealer - For Stock Broking Terminals: Candidates should hold a Bachelor's Degree from a recognized institution along with the necessary NISM qualifications.
Experience:
- For Relationship Manager: A minimum of two years of experience in relevant domains such as stock broking, wealth management, mutual funds, or debt instruments is mandatory.
- For Dealer - For Stock Broking Terminals: A minimum of one year of experience in dealing operations is required.
Age Limit:
- For Relationship Manager: Candidates must be between 25 and 35 years of age.
- For Dealer - For Stock Broking Terminals: Candidates must be between 21 and 35 years of age.
The official notification does not specify any age relaxation details for reserved categories.
Posting Locations
Selected candidates will be posted in various cities across India:
- Relationship Manager: Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Lucknow, New Delhi, and Tirunelveli.
- Dealer - For Stock Broking Terminals: Ahmedabad, Bhubaneswar, Delhi, Tiruppur, Tiruvannamalai, and Varanasi.
Salary and Compensation
Indbank offers an attractive annual compensation package for both Relationship Manager and Dealer positions. In addition to the fixed compensation, a performance-linked incentive will also be provided, contingent on individual performance. Specific monetary figures for the annual compensation were not fully detailed in the provided content.
Selection Process
The primary method of selection for these roles will be an interview. Candidates are advised to consult the comprehensive official notification for any additional stages or details regarding the selection process.
How to Apply
Interested and eligible applicants are required to submit their applications offline. The completed application, along with all requisite enclosures, must reach Indbank by the stipulated deadline of August 31, 2026. Applications can be sent either via courier/registered post or by forwarding a scanned copy through email. It is crucial for all candidates to refer to the official Indbank recruitment notification for precise application instructions, the mailing address for submission, and a comprehensive list of required documents. There is no application fee specified for this recruitment.