IDBI Recruitment 2017: A much awaited career notice has been launched recently by IDBI Bank, for inducting talents from worldwide in different functional areas like Legal, IT & MIS, Digital Banking, etc of its establishments. This employment will be a key for good professional journey to candidates, as placements will be inside/ outside India. Reservations are followed as per government guidelines, so PWDs can also use this offer. The qualities required to enter into this banking industry are good Computer proficiency and excellent interpersonal, drafting & liaisoning skills. Other than this, the eligibility and certain terms & conditions of IDBI Recruitment 2017 are summarized below.
|Bank Name||IDBI Bank|
|Designations||Manager, Assistant General Manager, etc.|
|Vacancy Nos||111||Last Date||31-01-2017|
|Education||MBA/ CA/ ICWA/ CFA/ MA/ ME/ M.Tech/ B.E/ B.Tech/ Degree/ PG|
IDBI Recruitment 2017
IDBI is a government owned bank that is having its headquarters in Mumbai city. It is currently in 10th position interms of largest development bank in world. This organisation is now inviting online applications from experienced guys of any reputed financial organisations to fill up the currently opened Managerical posts under different grades. Only ten days time will be given for eligible citizens to apply for this IDBI recruitment 2017. Appliers must try hard to grasp these positions, because this recruitment will be done based on All India basis open competition.
Exactly 111 candidates are not going to be selected, as these openings may change at the time of appointment. Through this recruitment, bank will also prepare a waiting list to meet its future requirements and kept valid for certain period. Posting will be in any of the associate units/ offices of IDBI, which will be fixed only by management. It is rememberable that, only candidates who are finishing the probation period of 1 year successfully will be permitted to continue further in those posts.
Post Wise Vacancy Details
|SI. No.||Name of Post/ Functional Areas||No. of Vacancies||Age Limit||Salary|
|A.||Deputy General Manager – ‘D’|
|4.||Finance & Account||1||40 years|
|6.||Risk (Mid Office – Market Risk)||1|
|7.||Digital Banking & Emerging Payment||2|
|8.||Treasury (Institutional Sales)||1|
|9.||Treasury (SLR/ PD dealers)||1|
|10.||Treasury (FX Interbank Dealers)||1|
|11.||Economist (Chief Economist/ Research||1|
|B.||Assistant General Manager – ‘C’|
|1.||Risk (Mid Office – Market Risk)||1||36 years||Rs.47400/-|
|2.||Treasury (Institutional Sales)||1|
|3.||Treasury (SLR/ PD dealers)||1|
|4.||Treasury (FX Inter-bank Dealers)||1|
|5.||Treasury (Corporate Bond dealer||1|
|6.||Economist (Chief Economist/ Research)||1|
|8.||IT & MIS||5|
|C.||Manager – ‘B’|
|1.||Finance & Account||15||32 years||Rs.43500/-|
|2.||Risk (Mid Office – Market Risk)||2|
|3.||Treasury (Institutional Sales)||2|
|4.||Treasury (SLR/ PD dealers)||2|
|5.||Treasury (FX Inter-bank Dealers)||3|
|6.||Treasury (Corporate Bond dealer||3|
|7.||Economist (Chief Economist/ Research)||2|
|9.||IT & MIS||7|
|10.||Facility & Infrastructure Management||15|
Academic Profile: Depending upon the functional area candidates are willing to enter, the qualification will also change (as tabulated down). First class Degree in relevant streams is the minimum expected qualification and Post Graduation is the preferable qualification.
|Taxation||Degree in any discipline/ PG in Commerce/ Accountancy, MBA/ CA/ ICWA|
|Agri||B.Sc or any Degree with M.Tech/ MBA/ M.Sc in Agriculture/ Veterinary Science or allied subjects|
|Legal||Degree/ Post Graduation in Law|
|F&A||First class Commerce Degree with Accountancy as one of the subject/ PG in Commerce/ Accountancy, MBA/ CA/ ICWA|
|Digital Banking & Emerging Payment||Graduation in any discipline/ MBA/ ME/ M.Tech|
|Rajbhasha||Graduation/ PG in Hindi with English as a subject|
|Treasury||Graduation in any discipline/ MBA/ ME/ M.Tech/ CA/ CFA/ CS/ ICWA|
|Economist||Degree and PG in Economics/ MBA (Finance)|
|IT & MIS||B.E/ B.Tech in Computer Science/ IT/ Electronics & Communication/ Master Degree|
|Compliance||Any Degree/ MBA|
|Facility & Infrastructure Management||B.E/ B.Tech/ Master Degree in Civil/ Electrical Engineering|
|Risk||Degree in any discipline/ MBA/ CA/ ICWA/ CFA/ MA (Economics with Statistics)/ CAIIB/ Financial Risk Manager/ Professional Risk Manager or equivalent|
Above said degrees must be obtained from institutions recognised by GOI only. Aspirants having desire to enter under IT & MIS discipline posts must be an Oracle certified professional (OCP).
Work Experience: Years of experience as an Officer in Public Sector/ Commercial Banks/ Financial Institution is also essential to apply for above said IDBI vacant posts.
Areas in which he/ she might have gained experiences are taxation/ agriculture lending covering processing/ monitoring & reporting of country/ implementation of hedging strategies/ forex derivative/ liquidity position, etc.
- For Deputy General Manager post: 10 to 12 years
- For Assistant General Manager job: 8 years
- For Manager designation: 4 years
Age Restrictions: The minimum age limits set for each designation is 35 years for Deputy General Manager, 30 years for Assistant General Manager and 28 years for Manager.
In the table we have mentioned about the freezed ages of each post. Candidates exceeding these ages as on 1st October 2016 are found as unfit to apply, other than aspirants coming under following categories.
- For SC/ ST/ J&K Domicile/ Persons affected by 1984 riots/ Ex-Serviceman: 5 years
- For OBCs under NCL category: 3 years
- For Disabled persons: 10 years
Selection Process: Tests and/ or Interview will be conducted by bank, for hiring suitable persons for these positions. If number of applications received is less in number, sometimes exam may not be conducted. Those who are scoring good marks in these selection rounds shall only be considered for appointment, after verification of medical fitness, character and caste certificates.
- For Deputy General Manager post: Group Discussion and Interview
- For other posts: Online Written Examination and Interview
The written exam going to be conducted for Grade B/ C posts will comprise of Reasoning, English Language, Quantitative Aptitude, Banking, Present Economic Scenario & General Awareness, Stream/ Category Specific questions. Duration is 2 hours and the maximum mark is 200. Candidates called for GD/ PI must produce their original certificates for verification.
Pay Scale and Salary: As per bank norms, monthly salary and other useful allowances will be given to appointees for their hardwork and sincerity. Post wise basic and maximum pay details are listed down.
- For Manager post: Rs.19000 – 43500/-
- For Assistant General Manager job: Rs.25700 – 47400/-
- For Deputy General Manager post: Rs.33600 – 53900/-
Application Fee: Candidates who are desiring to apply for these Managerical posts should also have to remit the application fee and intimation charges, using Debit/ Credit Cards/ Internet Banking/ IMPS/ Mobile Wallets/ Cash Cards. Otherwise their applications will not be considered for test/ interview. Fee once paid is non-refundable in any cases.
- Cost of Application: Rs.550/-
- Intimation charges: Rs.150/-
- For SC/ ST/ PWDs: only Intimation charges is enough
- Payment Mode: Online
How to Apply for IDBI Recruitment 2017
Under this project, enthusiastic citizens are encouraged to apply for any one post. Applications are to be submitted only through online mode for this IDBI recruitment 2017. The steps are given down.
- Open the link idbi.com.
- Go to “Career -> Current Openings” option.
- Click the concerned “Apply Online” link.
- Fill the mandatory fields in application and upload the scanned images/ documents.
- Use “Save and Next” button after entering information in each section.
- After prior checking, hit the “Final Submit” button.
- Also do the fee payment, by clicking on concerned link given in website.
- Finally take printout copy of e-Receipt and submitted application for future use.
Dates to Remember
- Beginning date of online registration – 21st Jan 2017
- Link for applying online will enable upto – 31st Jan 2017
Note: The manager level posts that are currently open in a leading bank and its details are given on above paragraphs. For more information, refer the official notice released by IDBI.