SIDBI (Small Industries Development Bank of India) has announced its 2024 recruitment drive with excellent career chances in development banking. Banking professionals looking to advance their careers will find great positions at both Grade A and Grade B levels. SIDBI’s recruitment covers specialized domains like general banking, legal work, and information technology.
The bank needs Assistant Managers (Grade A) and Managers (Grade B). A well-laid-out selection process helps candidates showcase their skills. The selection steps involve an online screening exam, a main examination, and personal interviews. Each position and specialization has its own eligibility requirements, and candidates should submit their documents carefully before deadlines.
READ ALSO: Northeast Frontier Railway Recruitment 2024
Table of Contents
SIDBI Recruitment 2024 Overview
SIDBI Recruitment has started its 2024 recruitment drive. The bank announced 72 openings at Grade A and Grade B levels. These positions include specializations in General, Legal, and IT streams.
Important dates
A well-laid-out recruitment schedule guides candidates through the process:
| Event | Date |
|---|---|
| Online Registration Opens | November 8, 2024 |
| Application Deadline | December 2, 2024 |
| Phase I Examination | December 22, 2024 |
| Phase II Examination | January 19, 2025 |
| Interview Round | February 2025 |
Vacancy details
The organization has 72 positions distributed as follows:
- Grade A (Assistant Manager): 50 positions
- UR: 23
- OBC: 14
- SC: 6
- ST: 4
- EWS: 3
- Grade B (Manager): 22 positions available in General and Specialist streams
Eligibility criteria SIDBI Recruitment
Educational Qualifications:
- A bachelor’s degree with 60% marks in Commerce, Economics, Mathematics, Statistics, Business Administration, or Engineering (50% for SC/ST/PwBD candidates)
- Professional certifications such as CA, CS, CMA/ICWA, or CFA
- A two-year full-time MBA/PGDM from recognized institutions
Age Requirements:
- Grade A candidates should be between 21-30 years old (birth dates: November 8, 1994 to November 9, 2003)
- Grade B candidates should be between 25-33 years old (birth dates: November 8, 1991 to November 9, 1999)
Nationality Requirements: The position welcomes Indian citizens, Nepali and Bhutanese subjects, and Tibetan refugees who came before January 1962. People of Indian origin who migrated from designated countries can apply if they plan to settle permanently.
Reserved category candidates can benefit from age relaxation rules under government guidelines. The relaxation ranges from 3 to 15 years based on specific categories.
Application Process
SIDBI welcomes recruitment applications through its official website (www.sidbi.in). The application portal started accepting submissions on November 8, 2024 and will close on December 2, 2024.
How to apply online
The application process follows these steps:
- Go to SIDBI’s official website and click the ‘Careers’ section
- Select “Application for Assistant Manager Grade-A/Manager Grade-B”
- Complete registration with your personal details to get a registration number and password
- Access your account with these credentials and fill out the application form
- Add all required documents according to specifications
- Make payment through the online payment gateway
- Submit your completed form and save the confirmation page
Application fees
Candidates must pay different fees based on their category:
| Category | Application Fee | Intimation Charges | Total |
|---|---|---|---|
| General/OBC/EWS | ₹925 | ₹175 | ₹1,100 |
| SC/ST/PwBD | Nil | ₹175 | ₹175 |
| Staff Candidates | Nil | Nil | Nil |
Candidates can complete their payment using multiple options including debit cards, credit cards, internet banking, IMPS, and mobile wallets.
Required Documents
You need these documents ready to upload:
- Photograph: JPG/JPEG format (200 x 230 pixels), size 20-50 KB
- Signature: Black ink on white paper (140 x 60 pixels), size 10-20 KB
- Left Thumb Impression: Blue/black ink (240 x 240 pixels), size 20-50 KB
- Handwritten Declaration: In English, black ink (800 x 400 pixels), size 50-100 KB
Your documents should be crisp and scanned according to the dimensions mentioned above. A recent photograph with your face clearly visible against a light background works best. You can wear religious headwear that doesn’t cover your face.
Selection Procedure
SIDBI uses a complete three-phase evaluation system that assesses candidates’ knowledge, skills, and aptitude for banking roles. Multiple screening stages will give a full picture of each candidate’s potential.
Phase I: Online screening exam
The original screening has an objective-type online examination that carries 200 marks. The exam tests candidates in seven sections that include:
- General Awareness (Banking and Financial Sector)
- MSMEs: Policy and Legal Framework
- Finance and Management
- Stream-specific knowledge
Important Note: The Phase II shortlist depends only on scores from merit sections (General Awareness, MSMEs, Finance, and Stream-specific). Wrong answers lead to a deduction of 1/4 marks.
Phase II: Main exam
Candidates who qualify will advance to Phase II on January 19, 2025. This phase includes two key components:
| Paper Component | Format | Total Marks |
|---|---|---|
| Paper 1 | Descriptive (Essay, Précis) | 100 |
| Paper 2 | Business Correspondence | 100 |
A third-party agency conducts a psychometric evaluation after the written papers. The evaluation provides a full picture of:
- Personality traits
- Communication skills
- Problem-solving abilities
- Location flexibility
Phase III: Interview
This final phase carries 100 marks and reviews:
- Written examination performance
- Professional knowledge
- Communication skills
- District, state, or national-level extracurricular achievements count for 25% of the marks
SIDBI’s final selection process combines a candidate’s Phase II examination scores with their interview performance. Each candidate needs to achieve the minimum qualifying marks that SIDBI has set for every stage.
Job Profiles and Responsibilities
SIDBI’s organizational structure includes roles at various grades. Each role plays a vital part in the bank’s mission to support MSMEs and achieve financial excellence. Let me take a closer look at the key positions and their responsibilities.
Assistant Manager Grade A
Officers in Grade A are vital to SIDBI’s operations. Their responsibilities include:
- Increasing credit penetration in MSME, Microfinance, and Startup sectors through direct and indirect delivery mechanisms
- Supporting entrepreneurship promotion and skill development initiatives
- Providing significant input for Business Analytics and decision-making processes
- Managing internal operations and monitoring functions
This position has most important growth opportunities. A well-laid-out career path leads to an Executive Director position through internal examinations and promotions.
Manager Grade B (General)
Managers in the General stream oversee detailed branch operations that include:
Core Responsibilities:
- Evaluate MSME credit proposals and drive business development
- Handle customer relationships while managing sanctions and disbursements
- Lead review and renewal processes
- Monitor portfolio growth and attract new customers
- Represent SIDBI at credit committee meetings
Risk Management Functions:
- Evaluate credit and operational risks
- Execute risk mitigation strategies
- Monitor RBI guidelines compliance
- Create and maintain risk monitoring systems
Manager Grade B (Legal)
Legal stream managers lead critical banking operations through expert counsel. They handle documentation for credit facilities and manage recovery proceedings. These professionals ensure complete regulatory compliance and work closely with external legal counsel. Their role combines strategic legal guidance with practical banking solutions.
Manager Grade B (IT)
IT stream specialists focus on:
- Banking applications development and upkeep
- Security protocols deployment
- Infrastructure and network systems oversight
- AI/ML automation solutions deployment
- Full-stack application development
SIDBI values your growth and provides detailed training programs that help you advance professionally. The organization believes in clear career paths. You can take on bigger roles through competency development programs.
Benefits Package:
- Competitive pay scale from ₹55,200 for Grade B
- Housing and transport allowances
- Medical benefits and LFC
- Professional development opportunities
- Performance-based career growth
Important links
| Apply Online | Click Here | |||||
| Download Notification | Click Here | |||||
| Join Our Channel | Whatsapp | Telegram | |||||
| Official Website | SIDBI Official Website | |||||
Conclusion
SIDBI recruitment 2024 drive presents a great chance for banking professionals to join their team. They have opened up 72 positions at Grade A and B levels. The well-laid-out selection process includes online exams, main tests, and interviews. This process will give a complete evaluation of candidates in general banking, legal, and IT streams. These roles just need specific educational qualifications and professional expertise. The age and nationality requirements line up with government guidelines.
Working at SIDBI comes with excellent career growth potential. They offer structured advancement paths and complete professional development programs. Selected candidates receive competitive pay packages with housing and transport allowances. Medical benefits and performance-based career growth make these roles attractive. SIDBI’s steadfast dedication to MSME development makes these positions rewarding. Banking professionals can help drive India’s economic growth while building successful careers in development banking.
FAQs
Grade A (Assistant Manager): 50 positions UR: 23
OBC: 14, SC: 6, ST: 4, EWS: 3
Grade B (Manager): 22 positions available in General and Specialist streams
Online Registration Opens: November 8, 2024
Application Deadline: December 2, 2024