Banka Director Recruitment
Official recruitment notice issued by Banka for the post of Director. Review verified pay structure, eligibility, vacancies, and application guidelines.
Key Recruitment Specifications
Essential Educational Qualification
Graduate / Relevant Discipline as specified in official gazette. Candidates must ensure all certificates are verified prior to the cutoff date.
Selection Methodology
1. Screening / Shortlisting of Applications, 2. Academic / Research Performance Evaluation, 3. Personal Interview & Document Verification.
Frequently Asked Questions
| Cadre Designation | Vacancies | Pay Level | Deadline |
|---|---|---|---|
| Probationary Officer (PO) / Clerk | 1 | Rs. 25,500 - 29,200 | 20-05-2023 |
| Director | 1 | Rs. 123,100 - 144,20 | 20-05-2023 |
| Director | 1 | Rs. 123,100 - 144,20 | 2026-05-31 |
| Director | 1 | Rs. 123,100 - 144,20 | 2026-05-30 |
| Procurement Scope | Est. Value | EMD Amount | Closing Date |
|---|---|---|---|
| Tender Notice - Banka (Tender: General Govern | Refer Tender Notic | 2% Statutory EMD | Refer RFP Sched |
| Tender Notice - Banka (Tender: General Govern | Refer Tender Notic | 2% Statutory EMD | Refer RFP Sched |
e-Procurement Bidding Roadmap & Portal Workflow
Procuring Entity and bidders must complete valid digital token registration on the GeM portal and Central Public Procurement Portal, ensuring compliance with IT Act authentication requirements before document downloading.
Bidders must submit formal written queries prior to the scheduled pre-bid clarification meeting, wherein Banka addresses technical ambiguities and issues corrigenda to finalize the bidding parameters.
Bidders must upload a two-cover system comprising Cover 1 with technical qualifications, statutory documents, and methodology, and Cover 2 with the financial bid strictly as per the BoQ format.
The tender evaluation committee opens the financial BoQ of technically qualified bidders on the e-procurement portal, evaluating lowest cost metrics or quality-cum-cost based selection criteria.
Upon competent authority approval, Banka issues the formal Letter of Award to the successful bidder, stipulating timelines for PBG submission and contract agreement execution.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Banka Director Recruitment must satisfy the multi-tiered technical, financial, and statutory qualifying covenants detailed below:
| Evaluation Benchmark | Mandated Technical & Financial Covenant |
|---|---|
| Statutory Benchmark | The bidder must possess a minimum average annual turnover of at least 30 percent of the estimated contract value during the last three consecutive financial years, substantiated by audited balance sheets. |
| Statutory Benchmark | The bidder must have successfully executed similar executive search or recruitment projects for government, public sector undertakings, or autonomous bodies during the preceding seven financial years. |
| Statutory Benchmark | The bidding entity must possess mandatory statutory licenses and compliance registrations including valid GSTIN, PAN, EPF, ESI, and applicable state or central labor licenses. |
| Statutory Benchmark | In accordance with Rule 170 of GFR 2017 and the Public Procurement Policy, registered MSMEs and Startups are exempted from EMD and tender fee payments upon submission of valid Udyam or DPIIT certificates. |
Financial Safeguards, EMD & Performance Security Guarantees
The procurement dossier for the Banka Director Recruitment by Banka mandates a robust commercial framework aligned with GFR 2017. The contract valuation is determined through meticulous cost estimation reflecting specialized executive search services. An Earnest Money Deposit (EMD) fixed at 2 percent of the estimated value is mandatory to deter frivolous bidding, submitted via bank guarantee or electronic transfer. Upon successful award, the selected agency must furnish a Performance Bank Guarantee (PBG) ranging between 3 to 5 percent of the contract value to secure against non-performance. A nominal non-refundable tender document fee applies where applicable. To enforce timely execution and service delivery standards, a stringent Liquidated Damages (LD) clause is integrated, levying a penalty of 0.5 percent of the delayed milestone value per week, subject to a maximum ceiling of 10 percent of the total contract value.
General Conditions of Contract (GCC) & Integrity Compliance
Contract compliance is governed by General Conditions of Contract adhering to GFR 2017 norms. Milestone billing is tied to distinct deliverables including candidate sourcing, shortlisting, interview facilitation, and final onboarding. The Defect Liability Period extends through the probationary period of the recruited director to rectify placement discrepancies. An Integrity Pact is mandatory for high-value tenders to ensure transparency and prevent corrupt practices. Any disputes arising out of the contract shall be resolved amicably, failing which they shall be referred to sole arbitration under the Indian Arbitration and Conciliation Act 1996, with proceedings held in English at Banka, and courts at Banka holding exclusive jurisdiction.
Procurement & Bidding FAQs — Banka Director Recruitment
No, Joint Ventures and Consortia are not permitted to bid for this specialized executive recruitment tender to maintain single-point accountability and direct contractual responsibility.
The EMD Bank Guarantee must be issued by a scheduled commercial bank in the pro forma prescribed in the tender document, remaining valid for a period of 45 days beyond the final bid validity period.
Bids shall remain valid for acceptance for a period of 180 days from the scheduled date of technical bid opening, during which the quoted rates must remain firm without escalation.
No, a Price Variation Clause is not applicable. The contract price shall remain firm and fixed throughout the duration of the engagement and execution of services.
Bidders must secure a minimum technical score of 70 marks out of 100 based on the evaluation parameters defined in the RFP to qualify for the commercial financial bid opening.
While MSMEs are exempted from EMD under Rule 170 of GFR 2017, submission of the Performance Bank Guarantee at 3 to 5 percent remains mandatory for all successful bidders regardless of MSME status.