Now Reading: Indbank Merchant Banking invites applications for EVP post
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Indbank Merchant Banking invites applications for EVP post
Indbank Merchant Banking Services Limited (IBMBS LTD) has invited applications for the post of Merchant Banking Head (Executive Vice President) on a contractual basis. The position is for one vacancy, and candidates…
Indbank Merchant Banking Services Limited (IBMBS LTD) has invited applications for the post of Merchant Banking Head (Executive Vice President) on a contractual basis. The position is for one vacancy, and candidates must be aged 50 years or below.
Applicants need a professional qualification in finance, law or business management, preferably a recognised certification such as CA, CFA, CS, CMA, LLB or MBA in Finance. A postgraduate degree in finance, economics, commerce or management is preferred. Candidates must be eligible to act as a Principal Officer of a SEBI-registered Merchant Banker and must have no regulatory or disciplinary action history with SEBI, RBI or other regulators.
The role requires a minimum of 15 years of experience in corporate finance, investment banking or capital markets, with a proven track record in IPO execution, public issues, rights issues, buybacks, mergers and acquisitions, and advisory mandates. Applications in the prescribed format must reach Head Administration at the Chennai address or be sent as a scanned copy to [email protected] by 30 September 2026.
Indian Opinion Analysis
This recruitment comes as merchant banking faces tighter SEBI scrutiny on IPO processes and principal officer accountability. The vacancy suggests Indbank, a small but active Category I merchant banker, is strengthening its senior team ahead of a busy public issue pipeline for SME and main board listings. The long application window until September 2026 is unusual and may reflect a rolling search rather than a fixed deadline. The next signal to watch is whether SEBI's upcoming review of ICDR norms changes the compliance load for principal officers.
The specified disqualification for any past regulatory action against the candidate mirrors SEBI's recent push for clean compliance records in key positions. For context, SEBI barred several merchant bankers in 2023-24 for IPO-related lapses, making this clause a practical safeguard. The real test will be how quickly Indbank fills the post and whether it signals a shift in its advisory business volume.
Source: livelaw.in
This brief was synthesised by AI from the source linked above.
