IDBI Recruitment 2024
IDBI Bank is carrying out recruitments for various posts including Deputy Managing Director, Deputy Managing Director and Manager, totaling 31 vacancies. Applicants must submit their applications online, ensure eligibility and pay the specified fees which are non-refundable. The application window opens on July 1, 2024 and closes on July 15, 2024. Candidates are advised to apply for only one position as multiple applications will be rejected.
No. of vacancies
Educational qualification and experience.
- Chartered Accountant (CA)/ ICWA/ MBA (Finance)
- Minimum 10 years of BFSI experience, with at least 7 years in relevant roles.
- Alternatively, minimum 7 years of BFSI experience, with 4 years in relevant roles.
- Or minimum 4 years of experience in BFSI, with 2 years in relevant roles.
- B.Tech/ BE/ BCA/ B.Sc. (HE)
- Specializations: IT, Electronics and Communications, Software Engineering, Electronics and Electrical, Electronics, Computer Science, Digital Banking.
- Additional Qualifications: Certified Information Systems Auditor (CISA), M.Sc. (IT/Computer Science), MCA, M.Tech, ME
- Preferred Certifications: Certified Information Security Manager (CISM), Certified Information Systems and Risk Control (CRISC), Certified Information Systems Security Professional (CISSP).
- MBA (Finance/ Marketing/ IT/ Digital Banking)
- Combined with B.Tech/ BE in IT/ Electronics/ Computer Science or equivalent.
- Experience in digital banking and emerging payments within BFSI / Fin-Tech / IT Services / PSU / Government sectors is preferred.
- Graduate in any discipline.
- Graduated in B.Sc. Mathematics/ Statistics/ B.Tech
- Preference for candidates with Masters/Postgraduate degrees in M.Sc. Mathematics/Statistics.
Pay scale
- Deputy General Manager, Grade ‘D’: Rs. 102300-2980(4)-114220-3360(2)-120940 (7 years) The gross emolument for metropolitan cities will be Rs. 190000/- per month (approx.)
- Deputy General Manager, Grade ‘C’: Rs. 85920-2680(5)-99320-2980(2)-105280 (8 years) The gross emolument for metropolitan cities will be Rs 157,000 per month (approx.)
- Manager – Grade ‘B’: Rs. 64820-2340(1)-67160-2680 (10)-93960 (12 years) The gross emolument for metropolitan cities will be Rs. 119000/- per month (approx.)
Publication place
- Upon initial appointment, all candidates will undergo a probationary period of 1 year from the date of joining, which may be extended at the discretion of the Bank.
- Candidates may be assigned to various offices, branches, departments or business units of the Bank or its associated institutions, as determined by the Bank.
- Additionally, candidates may be transferred to locations within or outside India, as per Bank regulations.
- Candidates joining the Bank will be subject to the Bank’s current Service Standards, Standards of Conduct and Policies, which may be revised from time to time.
Selection process
- Preliminary Selection: Candidates will initially be screened for eligibility criteria such as age, educational qualifications and work experience declared in the application form.
- Provisional Candidacy: The candidacy of the candidates will be provisional until the verification of the original documents.
- Rights of the Bank: The Bank reserves the right to change (cancel/modify/add) the selection criteria, methods and provisional selection. The decision will consider the number of vacancies and the Bank’s requirements.
- Shortlisting: Based on qualifications, experience and general suitability, a limited number of candidates will be shortlisted for the selection process.
- Selection Process: Shortlisted candidates will undergo a group discussion and/or a personal interview (PI). Mere compliance with the eligibility criteria does not guarantee participation in the selection process.
- Notification: Shortlisted candidates will be notified of the details of the selection process (venue, time, date) through the Bank’s website and/or registered email/SMS.
- Change requests: Requests for changes to the details of the selection process (center/date/time) will not be accepted. The Bank reserves the right to change/add/cancel dates, times and locations as it deems necessary, with notifications provided on the Bank’s website.
Application fee
- Non-withdrawal of application and fee: Once an application is submitted, it cannot be withdrawn and the fee paid will not be refunded under any circumstances. The rate cannot be reserved for future selection processes.
- Candidate Responsibility: Candidates must ensure their eligibility before making payment and submitting their online application.
- Position structure:
- SC/ST Candidates: Rs 200/- (intimidation charges only) including GST.
- General, EWS and OBC candidates: Rs 1000/- (application fee + intimidation charges) including GST.
- Transaction charges for online payment of application fees/information charges will be borne by the candidate.
- Online Application: Once an online application is registered, it cannot be withdrawn and application/intimation fees paid will not be refunded.
How to apply
- Candidates must apply online through the website (Careers). No other means/mode of application will be accepted.
- Candidates must have a valid personal email id and mobile number.
- You must remain active until the completion of this hiring process. The bank may notify through the registered email ID. In case a candidate does not have a valid personal email ID, he/she has to create his/her new email ID before applying online.
- The identity of the candidate will be verified against his details in the call letter, the Attendance List and the required documents submitted.
- If there are doubts about the candidate’s identity, he or she may not be allowed to participate in the selection process. Ration card will not be accepted as valid proof of identification.
- Start date for online registration and payment of application fee/information charges – Online: July 1, 2024
- Last date for online registration and payment of application fee/information charges – Online: July 15, 2024
- Candidates are strictly advised to apply for only one of the notified posts, after ensuring their eligibility as per the criteria for the respective post.
- Please note that multiple applications from the same candidate (for one/all/any position) will be properly rejected without assigning any reason and fees/charges; If paid, they will not be refundable.
Disclaimer: The information above is for general informational purposes only. All information on the Site is provided in good faith; However, we make no representations or warranties of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.