IDBI Bank Manager Recruitment 2023: Assistant Manager Grade A5 min read
IDBI Bank Manager Recruitment 2023: IDBI Bank is planning to fill up to 600 vacancies for the post of Assistant Manager Grade A through their upcoming recruitment drive.
Industrial Development Bank of India (IDBI) : A Comprehensive Overview
The Industrial Development Bank of India (IDBI) is a government-owned financial institution and development bank that has been at the forefront of India’s industrial and infrastructural development since its establishment in 1964. In this article, we will take a closer look at the bank’s evolution over the years and its current operations.
Evolution of IDBI
IDBI was founded as a subsidiary of the Reserve Bank of India with the primary objective of providing credit and other financial facilities to the industrial sector in India. Over the years, the bank has undergone significant changes and has transformed into a full-service commercial bank offering a broad range of financial products and services.
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IDBI’s operations span across various segments of banking, including corporate banking, retail banking, treasury services, investment banking, and international banking. The bank has over 1,800 branches and extension counters across India and has a subsidiary in Sri Lanka.
Corporate Banking: IDBI Bank is renowned for its focus on lending to the infrastructure and industrial sectors. The bank has played a significant role in the development of these sectors in India.
Retail Banking: IDBI Bank offers a wide range of retail banking services such as savings accounts, fixed deposits, personal loans, home loans, and credit cards.
Treasury Services: IDBI’s treasury services offer a comprehensive suite of products to cater to the needs of its clients. These services include foreign exchange, money market, and derivative products.
Investment Banking: IDBI Bank’s investment banking services encompass the full spectrum of investment banking activities, including equity and debt capital markets, mergers and acquisitions, and project finance.
International Banking: IDBI Bank’s international banking services cater to the needs of its clients with global aspirations. These services include trade finance, correspondent banking, and foreign currency loans.
IDBI’s Contribution to Small and Medium-Sized Enterprises
IDBI Bank has also played a significant role in the growth and development of small and medium-sized enterprises (SMEs) and agriculture-related businesses. The bank offers various loan schemes to these businesses to help them grow and expand.
Challenges Faced by IDBI
IDBI Bank has faced several challenges in recent years, including non-performing assets (NPAs) and a decline in profitability. To overcome these challenges, the government and Life Insurance Corporation (LIC) of India have taken steps to improve the bank’s financial health and performance. These steps include capital infusion and management restructuring.
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Important dates : IDBI Bank Manager Recruitment 2023
Starting date of application: February 17, 2023
Last date of application: February 28, 2023
Online test: April 2023
Application Fees : IDBI Bank Manager Recruitment 2023
SC/ST/PWD- Rs 200
Other Categories – Rs 1000
Mode of Payment- Online
Age Limit : IDBI Bank Manager Recruitment 2023
Maximum Age Limit: 30 Years
Minimum Age Limit: 21 Years
Cut-off date for eligibility criteria of Age & Qualification: January 1, 2023
There will be age relaxation for special categories (according to government regulations).
Name of the post and vacancies
Asst Manager Grade A: 600
Vacancies along categories
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Qualification and experience
Applicants are required to have a graduation degree from a recognized university. They should have 2 years of experience in Banking financial service and Insurance Sector.
Terms of Appointment and Posting
Initial appointment in the post of Assistant Manager is on probation for a period of 1 year from the date of joining the Bank (which can be extended at the discretion of the Bank). Candidates will be posted at Bank’s discretion, to any offices of the Bank or the departments / offices / business units / the Bank’s associate institutions. The candidates will also be liable to be transferred to any place in / outside India, as the Bank may decide from time to time in terms of the Bank’s prevailing rules/policies.
Selection Process : IDBI Bank Manager Recruitment
The selection process shall comprise of Online Test (OT), Document Verification (DV), Personal Interview (PI) and Pre Recruitment Medical Test (PRMT). Fitness of the candidates after PRMT would be based on the prevailing guidelines of the Bank.
Click to check official website
Ans: The application process for IDBI Bank Manager Recruitment 2023 has not been announced yet. You can check the official website of IDBI Bank (https://www.idbibank.in/) for updates on the recruitment process. Once the application process begins, you can follow the instructions on the website to apply for the position.
Ans: The eligibility criteria for IDBI Bank Manager Recruitment 2023 will be announced along with the recruitment notification. Generally, candidates should have a bachelor’s degree in any discipline from a recognized university, and should have relevant work experience in the banking or financial sector. Age limit and other criteria may also apply.
Ans: The selection process for IDBI Bank Manager Recruitment 2023 will be announced along with the recruitment notification. Generally, the selection process includes a written examination, followed by an interview. The exact selection process may vary depending on the number of applicants and the level of competition.
Ans: The salary for IDBI Bank Manager Recruitment 2023 will be announced along with the recruitment notification. Generally, the salary for a manager position in IDBI Bank ranges from Rs. 36,000 to Rs. 50,000 per month, depending on the candidate’s experience and qualifications.
Ans: IDBI Bank Manager Recruitment 2023 eligibility criteria are yet to be announced, but generally, candidates are required to have relevant work experience in the banking or financial sector to be eligible for the position. However, there may be certain positions that are open to freshers as well. You can check the official website of IDBI Bank for updates on the recruitment process.
Ans: The exam date for IDBI Bank Manager Recruitment 2023 has not been announced yet. The exam date and other important dates will be announced along with the recruitment notification. You can keep checking the official website of IDBI Bank for updates on the recruitment process.