The National Bank for Agriculture and Rural Development (NABARD) has officially announced the recruitment of candidates for the position of Chief Financial Officer (CFO) on a contract basis. This recruitment is significant as NABARD plays a pivotal role as India’s apex development bank, established under the NABARD Act of 1982. The organization has been instrumental over the years in promoting sustainable agriculture and rural development—activities pivotal to the nation’s economy.
NABARD, recognized for transforming lives in rural India, is actively inviting applications from qualified individuals to fulfill this key position, underscoring its commitment to strengthening financial management.
This recruitment drive opened on February 22, 2025, and will close on March 9, 2025. Candidates interested in the role must apply online through the official NABARD website. Given the importance of the role, selected candidates will receive a competitive salary ranging from Rs. 75 to Rs. 85 lakh per annum, reflecting NABARD's stature and the expectations for the post.
To be eligible for the CFO position, candidates must possess the designation of Chartered Accountant along with at least ten years of post-qualification experience. Notably, five out of the ten years must be at the senior management level within banks, financial institutions, or large corporations specializing in accounts and taxation. Experience with banks will be particularly advantageous, receiving additional weightage during the selection process.
The age limit for applicants is between 45 and 57 years, narrowing down seasoned professionals who can navigate the responsibilities of leading NABARD’s financial strategies. Candidates from the SC/ST/PWBD categories will only incur a nominal intimation charge of Rs. 150, whereas others will face application fees totaling Rs. 850.
NABARD plans to shortlist candidates for interviews based on qualifications and relevant experience, following which interviews will be conducted at a ratio of 1:3. The recruitment process emphasizes thorough vetting to align talent with NABARD’s goals of sustainable rural development.
The selected candidates will serve on contracts for a period of two years, with the possibility of extension for up to three additional years, contingent on performance reviews conducted each year. According to the official recruitment notification, "The engagement would be extended after taking a review one year at a time and will not be beyond 5 years.” This structure not only offers job security but also allows the institution to assess the candidate's contributions continuously.
Recent developments surrounding NABARD, particularly the release of the Grade A final results on February 24, 2025, showcase the bank's active engagement with applicants and recruitment initiatives. This year, NABARD has selected 100 Assistant Officers, reinforcing its continuing commitment to building capacity across its operations.
Interested applicants must adhere to the application steps detailed on the NABARD platform—including filling out forms, submitting applicable fees, and following through with procedures for future reference. The importance of this recruitment is heightened by the unique role NABARD plays within India's socio-economic framework, focusing on agricultural sustainability and rural economic growth.
Overall, the push for talent acquisition is not just about filling roles but is part of NABARD’s broader strategy to innovate and lead within the field of agribusiness and rural finance. By recruiting experienced professionals, NABARD aims to bolster its framework for promoting integrated rural development efficiently.