SIDBI Recruitment 2016 For Recruitment of Assistant Manager in Grade ‘A’ – General Stream: SIDBI (Small Industries Development Bank of India) is the Principal Financial Institution set up under an Act of Parliament for promotion, financing and development of MSME sector in India. With the recent announcement from SIDBI, there are a few vacancies of Assistant Manager in Grade ‘A’ – General Stream intended to be filled up through competent recruitment norms. The details of application procedure and criteria for selection are detailed as under:
Opening Date of Online Registration Gateway: 21-December-2015
Last Date of operation of Online Registration Gateway: 11-January-2016
Name of the Vacancy Announced: Post Code.1: Assistant Manager in Grade ‘A’ – General Stream
Number of Vacancies: Total 100 Vacancies
Academic Qualification: The candidates interested for this course, should have completed Bachelor’s or Master’s Degree in any stream with minimum 60% (55% for SC/ST) marks in aggregate in either of the two qualifications from a recognized institute/ University. Preference will be given to candidates possessing professional qualifications like CA, CS, ICWA, CFA, MBA, Engineering, and Diploma in Banking, etc. Candidates are expected to have proficiency in computers.
Age Considerations: The candidates applying for these vacancies must have attained the minimum age of 21 years and should not have exceeded the maximum of 28 years. However, for candidates belonging to reserved categories as demarcated by the Government of India, the upper age limit will be relaxed based on the norms specified.
Selection Procedure: The selection is done in the mode of Online Written Test followed by a Personal Interview. Candidates qualifying the personal interview will be considered for final short-listing.
Probation Period: The selected candidates would be on a probation for a period of two years which is extendable up to maximum four years at the discretion of the Bank.
Pay Scale and Stipendiary Provisions: The candidates successfully joining SIDBI will be eligible for remuneration in the scale of Rs.17100 – Rs.33200 (17 years) as applicable for Grade-A service. Candidates will also be eligible for other allowances as per norms. The initial monthly emoluments at the time of induction will be approximately Rs.36000 per month. As per the existing guidelines of the Bank, candidates having already qualified JAIIB/ CAIIB (prior to joining SIDBI) will be eligible to be considered for grant of one/ two advance increments in the pay scale subject to production of documentary evidence to the satisfaction of the Bank in this regard.
Service Bond: The selected candidates, at the time of their joining the course itself, will have to execute a Service Bond for serving SIDBI for a minimum period of three years from the date of their joining or Rs. 2 Lakhs in breach of Bond.
Pre Recruitment Training (PRT): As per Govt of India guidelines, Pre-recruitment training (PRT) would be conducted for SC/ST/OBC candidates for 8 days’ duration at the designated Training Centers of SIDBI.
Application Fees: The candidates only have the option of remitting fees via ONLINE MODE where they can pay through Internet Banking/ Debit/ Credit Card by following the instructions. NO offline mode of payment will however, be accepted.
How to Apply: Apply Online Here
The candidates should ensure that they fulfill all eligibility before applying. One must refer to official advertisement before applying for the same. The application form should be filled in accurately and should be verified before submission.
After completing the procedure of applying on-line including payment of fees, the candidate should take a printout of the system generated online application form, ensure the particulars filled in are accurate and retain it along with Registration Number and Password for future reference. The candidates should follow the Career section of the website of SIDBI at www.sidbi.in in regular intervals for updates and announcements.