Indian Overseas Bank General Manager – IBU (IFSC Banking Unit) Recruitment 2026

Overview

Indian Overseas Bank (IOB) has released a recruitment notification for the position of General Manager managing the International Financial Services Centre (IFSC) Banking Unit. This is a senior-level opportunity designed for experienced banking professionals seeking to lead operations in India's offshore banking segment. One position is available through Advertisement No. HRDD/RECT/05/2026-27, with the application window open from 19 September 2026 to 05 October 2026.

Vacancy Details

Important Dates

Eligibility Criteria

Educational Qualification: Candidates must hold a Bachelor's degree or higher qualification in any discipline, or possess a Chartered Accountant (CA) qualification. Preferred qualifications include an MBA or PGDM with specialization in Finance, Banking, or International Business; alternatively, CFA, FRM, or PRM certifications are valued.

Professional Experience: A minimum of 15 years of officer-level experience in public sector, private sector, or foreign banks is required. Of this experience, at least 3 years must be in offshore banking operations, overseas branches, or IFSC banking units of public or private banks.

Current Designation Requirements: Candidates must currently hold one of the following positions: (a) Deputy General Manager or equivalent role in private/foreign banks (designation at least 4 levels below the MD & CEO), with a minimum of 1 year in the present cadre; OR (b) Assistant General Manager or equivalent role in private/foreign banks (designation at least 5 levels below the MD & CEO), with a minimum of 2 years in the present cadre.

Desirable Experience: Professional exposure in foreign exchange business, global trade operations, or international banking transactions within Indian or foreign banking institutions is considered desirable.

Age Limit: The maximum age limit is 55 years at the time of application. Candidates are advised to calculate their exact age before submission to confirm eligibility.

Salary and Benefits

Pay Scale: Rs. 156,500–173,860 (with annual increments)

CTC: Approximately Rs. 44 lacs per annum

Allowances: As per Scale VII, eligible candidates receive Dearness Allowance (D.A.), House Rent Allowance (HRA) or Lease Rental, City Compensatory Allowance (CCA), medical facilities, and other allowances and perquisites as per prevailing rules.

Application Fee

Selection Process

The recruitment follows a two-stage selection process: (1) Preliminary screening of applications based on submitted documents and eligibility criteria; (2) Personal interview conducted by the bank's selection committee to assess candidate suitability for the General Manager role. Shortlisted candidates will be called for interview based on their performance in the preliminary screening phase.

How to Apply

Candidates must submit applications exclusively through the online portal on or before 05 October 2026. The application process involves: (1) Visiting the official IOB website and accessing the recruitment portal using the provided link; (2) Completing the application form with accurate personal, educational, and professional details; (3) Uploading required documents including passport-size photograph, signature, and educational/professional certificates in the specified format; (4) Paying the applicable application fee through the online payment gateway; (5) Carefully reviewing all entered information for accuracy; (6) Submitting the completed application form and retaining a copy or printout for reference purposes.