The Maharashtra government has introduced a significant relaxation in recruitment norms for urban cooperative banks, offering much-needed operational flexibility to smaller institutions.
Through a corrigendum to its 2019 order on online recruitment, the Cooperation Department has allowed banks with deposits below Rs 100 crore to expand their waiting lists for recruitment.
Earlier, all urban cooperative banks were permitted to maintain a waiting list of only 20% of the total vacancies, valid for one year from the date of the first appointment order.
However, under the revised provision, smaller banks can now prepare a waiting list of up to 50% of the notified vacancies, while retaining the same 365-day validity period.
The move is expected to reduce delays in filling vacant posts, especially in smaller banks that often face challenges in attracting and retaining candidates. By allowing a larger pool of pre-qualified candidates, the government aims to ensure quicker replacements in case selected candidates do not join or leave early.