
SIDBI Recruitment 2024: Application Open
SIDBI Recruitment 2024: Application Open Small Industries Development Bank of India (SIDBI) is hiring candidates to fill the post of Assistant Manager Grade ‘A’ – General Stream and Manager Grade ‘B’ – General and Specialist Stream. The selected Applicant will be appointed on a Probation period of 02 years which is extendable upto a maximum of 04 years at the discretion of SIDBI. Based on the official notification of SIDBI Recruitment 2024, there are 72 vacancies for the assigned position. Candidates belonging to SC/ST/PwBD need to pay an Application Fee of Rs.175 and Others (including OBCs/EWS and General Candidates) are required to Pay Rs.1100
A candidate who wishes to apply for SIDBI Recruitment 2024 must be at least 21 years old and no older than 33. There will be three stages to the selection process: Phase I will be an online screening exam with one paper with seven (7) parts totaling 200 marks; Phase II will be an online exam with two papers totaling 200 marks; and Phase III will include an interview. The selected candidates will receive up to Rs. 115,000 a month. Candidates who meet the requirements should complete the application and send it in with all necessary paperwork. The application process for online registration has already begun.
Post Name
Post Name | Vacancies |
Assistant Manager Grade ‘A’ – General Stream | 50 |
Manager Grade ‘B’ – General and Specialist Stream | 22 |
Total | 72 |
Selection Process
The official SIDBI Recruitment 2024 notification states that the selection process will consist of three stages: Phase I will be an online screening exam with one paper that has seven (7) sections totaling 200 marks; Phase II will be an online examination with two papers totaling 200 marks; and Phase III will include an interview.After passing the online Phase-II exam, candidates who made the short list will be contacted for an interview. Five locations—Chennai, Kolkata, Lucknow, Mumbai, and New Delhi—will host the interviews.
Age Limit
Post Name | Min. Age | Max.Age |
Assistant Manager Grade ‘A’ – General Stream | 21 years | 30 years |
Manager Grade ‘B’ – General and Specialist Stream | 25 years | 33 years |
Qualification
Assistant Manager Grade ‘A’ – General Stream
- Candidate should hold a Graduation in Commerce/ Economics/ Mathematics /Statistics/ Business Administration/ Engineering with minimum 60% marks (50% for SC/ST/PwBD applicants)
- Company Secretary (CS) / Certified Management Accountant (CMA/ ICWA)/ Chartered Financial Analyst (CFA)
- Chartered Accountant (CA)
- Candidate should have a MBA/ PGDM [in Any Discipline (the course must be of full time 2 years)] / from a University/ Institution recognized by the University Grant Commission (UGC) / Govt. of India/ approved by Govt. regulatory bodies.
Manager Grade ‘B’ – Legal
- Candidate should have a Bachelor’s degree in law from any University/ Institution, recognized by the University Grant Commission (UGC) / Govt. of India/ approved by Govt. regulatory bodies with a minimum of 50% (45% for SC/ST and PwBD candidates, if vacancies are reserved for them) marks or equivalent in the aggregate of all semesters/years and enrolled as an advocate with the Bar Council of India.
- Candidates who possess a Master’s Degree in Law / Company Secretary (CS) will be preferred.
- Proficiency in computer applications.
Click the official notification below to read more about the requirements for SIDBI Recruitment 2024 candidates.
Experience
Assistant Manager Grade ‘A’ – General Stream
- Applicants has at least 02 years’ experience in credit dispensation in the areas of MSME/Corporate and lending to trading and small commercial loans etc. (experience pertaining to personal loans, educational loan, Vehicle Loan, Housing Loan, etc. would not be considered) as an officer (permanent) in-
All India Financial Institutions Export-Import Bank of India (EXIM Bank), National Bank for Agriculture and Rural Development (NABARD), National Housing Bank (NHB), National Bank for Financing Infrastructure and Development (NaBFID) and SIDBI.
OR
Scheduled Commercial Banks included in the Second Schedule of the RBI Act, 1934
OR
NBFCs registered with RBI
- Candidates having at least 02 years experience (core functioning) in:
Entities dealing in Investment Banking / Merchant Banking registered with SEBI
OR
Entities dealing in Alternative Investment Funds (AIFs) registered with SEBI
OR
Asset Reconstruction Companies (ARCs) registered with RBI
OR
Subsidiary of Scheduled Commercial Banks dealing in the MSME segment
OR
Project management (viz. administration and implementation of projects/ Schemes of national importance) with consultancy firms of national stature having experience of consulting & project management in a similar line for more than 10 years and should have specific experience of consulting/ Project management Government project implementation / Govt. Project management / Digital project related to lending / Consultancy for Govt. Projects.
Manager Grade ‘B’ – Legal
- Candidates having at least 05 years of work experience, post bachelor’s degree in law, as a Law Officer [permanent / on full-time direct contract (not outsourced)] in the Legal Department of:
Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI)
OR
Any All-India Financial Institution like – Export-Import Bank of India (EXIM Bank), National Bank for Agriculture and Rural Development (NABARD), National Housing Bank (NHB), National Bank for Financing Infrastructure and Development (NaBFID) and SIDBI.
OR
Scheduled Commercial Banks included in the Second Schedule of the RBI Act, 1934.
OR
Central Public Sector Enterprises (CPSEs)
OR
NBFCs registered with RBI
Special knowledge of Banking Law, Company Law, Labour Law, Constitutional Law, Recovery, Insolvency and Bankruptcy Laws, Property and Revenue matters etc. and experience in drafting of pleadings and documents.
Probation
The chosen applicant will be appointed for a probationary period of 02 years, which can be extended by SIDBI up to a maximum of 04 years, in accordance with the official notification of SIDBI Recruitment 2024.
Salary
Post Name | Salary |
Assistant Manager Grade ‘A’ – General Stream | Rs.100000 |
Manager Grade ‘B’ – General and Specialist Stream | Rs.115000 |
Important Date
Events | Dates |
Opening of Online Registration Gateway/payment of fees | 08.11.2024 |
Closing of On-line Registration Gateway /payment of fees | 02.12.2024 |
Cut- off date for determining Eligibility Criteria with regard to age | 08.11.2024 |
Cut-off date for determining Eligibility Criteria with regard to educational qualification / Post qualification Experience | 02.12.2024 |
Tentative Date of Online Examination (Phase I) | 22.12.2024 |
Tentative Date of Online Examination (Phase II) | 19.02.2025 |
Tentative Schedule of Interview | Feb-25 |
Application Fee
Category of Candidate | Application Fee | Intimation Charges | Total Charges |
SC/ST/PwBD | Nil | Rs.175 | Rs.175 |
Others (including OBCs/EWS and General Candidates) | Rs.925 | Rs.175 | Rs.1100 |
How to Apply
In order to apply for the SIDBI Recruitment 2024 notification, candidates are suggested to go through the following steps to apply for the aforementioned position.
- Visit the official website of SIDBI.
- To register application, choose the tab, “Click here for New Registration” and enter your Name, Contact details and Email
- Register and proceed with the application process.
- Click on the Preview Tab to preview and verify the entire application form before “COMPLETE REGISTRATION”.
- Pay Application Fee
- Click on the ‘Payment’ Tab and proceed for payment.
- Click on the ‘Submit ‘ button.
- Upload the necessary documents and submit the form.
- Download and keep a hard copy of the same saved for future reference.
The online application interface will be closed on 02.12.2024