IDBI Specialist Cadre Officers Notification 2024 Released For 86 Posts

Utkarsh Classes 09-12-2023
IDBI Specialist Cadre Officers Notification 2024 Released For 86 Posts

IDBI SO Notification 2024 has been issued by IDBI Bank Ltd for IDBI Specialist Cadre Officers on 5 December 2023. Online applications are invited from the eligible candidates for IDBI Specialist Cadre Officers. Candidates fulfilling the required eligibility criteria can apply online by visiting the official website of the IDBI Bank from 9 December to 25 December 2023. 

IDBI Specialist Cadre Recruitment Notification 2024 is issued with all IDBI SO Recruitment-related details. Candidates are advised to fill out the online application in the stipulated time frame to avoid any difficulties. Scroll down to this page to check the eligibility criteria, application process, important dates, vacancies etc.

IDBI Specialist Cadre Officers Recruitment 2024  

Through this recruitment drive, IDBI plans to recruit 86 skilled individuals across managerial roles including Manager (Grade B), Assistant General Manager (Grade C), and Deputy General Manager (Grade D). Candidates must adhere to applying for a single position, ensuring their eligibility aligns with the specific criteria for that particular post. Any instance of multiple applications from the same candidate, whether for one, all, or any position, will be automatically rejected without explanation. Additionally, any fees or charges paid will be non-refundable.

IDBI Specialist Cadre Officers 2024: Overview

IDBI SO Applications will be accepted online from 9 December. Here we are providing a table with all exam-related dates:- 

IDBI SO Recruitment - Important Updates

Recruitment Conducting Organization

IDBI Bank Ltd 

Post Name

  • Manager (Grade B)
  • Assistant General Manager (Grade C)
  • Deputy General Manager (Grade D)

Vacancies

86

Application Dates

9 December to 25 December 2023 

Application Mode

Online

Selection Process

  • Preliminary Screening
  • Group Discussion and /or Personal Interview (PI).

IDBI Specialist Cadre Officers Important Dates 2024

IDBI SO Recruitment Notification 2024 was issued on 5 December 2023 to recruit 86 candidates for the IDBI Specialist Cadre Officer positions. Refer to this table for important dates related to the IDBI SO Recruitment 2024:-

Event

Date

Notification Release Date

5 December 2023 

Application Start Date

9 December 2023

Last Date to Apply

25 December 2023 

Last Date to Submit The Application Fee 

25 December 2023 

Result/Final Selection

To Be Announced

IDBI SO 2024 Recruitment: Important Links

IDBI Specialist Cadre Officers 2024 Recruitment Notification is available and candidates can apply for Manager (Grade B), Assistant General Manager (Grade C), and Deputy General Manager (Grade D) posts by 25 December 2023. Here we are providing a direct link to apply for IDBI SO Recruitment 2024:-

IDBI Specialist Cadre Officers 2024 Vacancy

A total of 86 vacancies are announced by the IDBI for the position of IDBI Specialist Cadre. The count of vacancies or reserved vacancies is tentative and subject to change based on the Bank's actual needs. Here we are providing you with the table with category and post-wise vacancy details:-

IDBI SO Post-wise Vacancy Details 2024

Post Code/Functional Area

Position

Total

Deputy General Manager (DGM) - (Grade D)

Asst. General Manager (AGM) - (Grade C)

Manager - (Grade B)

Audit-Information System (IS)

-

-

Fraud Risk Management

1

9

Risk Management

-

5

3

8

Corporate Credit/ Retail Banking (including Retail Credit) 

-

25

31

56

Infrastructure Management Department (IMD) - Premises

-

1

4

5

Security 

-

-

4

4

Total

1

39

46

86
 

IDBI SO Category-wise Vacancy Details 2024

Post 

Unreserved (UR)

SC

ST

OBC

EWS

Total 

Deputy General Manager (DGM) - Grade D

1

-

-

-

-

1

Assistant General Manager (AGM) - Grade C

16

4

5

10

4

39

Manager - Grade B

19

8

3

12

4

46

Total 

36

12

8

22

8

86

IDBI Specialist Cadre Officers Eligibility Criteria 2024 

Candidates should check the IDBI SO Eligibility Criteria first before applying for the managerial positions. Eligibility criteria typically include nationality, age limit and educational qualification. Have a look at the IDBI SO Eligibility Criteria 2024:-

Nationality

Candidates should be 

(a) Indian citizens, or 

(b) Nepalese subjects, or 

(c) Bhutanese subjects, or 

(d) Tibetan refugees who arrived in India prior to January 1, 1962, intending to settle permanently, or 

(e) individuals of Indian origin who migrated from Pakistan, Myanmar, Sri Lanka, Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, Ethiopia, or Vietnam with the intention of permanent settlement in India. 

Age Limit 

Candidates age varies from post to post. Here is the tabulated information regarding age limits for different posts:

IDBI SO Age Limit 2024

Post 

Age Limit

Deputy General Manager (DGM) - Grade D

Candidates must meet the age criteria of being at least 35 years old and not exceeding 45 years old. Inclusive of both dates, candidates should have been born between 2 November 1978, and 1 November 1988.

Assistant General Manager (AGM) - Grade C

Applicants should meet the age requirement of a minimum of 28 years and a maximum of 40 years. Their birth dates must fall between 2 November 1983, and 1 November 1995, inclusive of both dates.

Manager - Grade B

Applicants must fulfill the age criteria of being at least 25 years old and not more than 35 years old. Their date of birth should be between 2 November 1988, and 1 November 1998 inclusive of both dates.

Relaxation Age

Special categories are granted relaxation in age requirements. The table below outlines the relaxation in age provided for specific categories:-

IDBI SO Relaxation Age 

Category 

Relaxation Age

Scheduled Caste/Scheduled Tribe

5 years

Other Backward Classes (Non-Creamy Layer)

3 years

Ex-Servicemen,  (ECOs)/ (SSCOs)

5 years

Persons affected by 1984 riots

5 years

Educational Qualification

Candidates are advised to review the specific educational qualifications corresponding to each post to ascertain their eligibility for application. Below, we detail the requisite educational qualifications and necessary experience for the positions listed:

IDBI Specialist Cadre Officers Educational Qualification 

Grade

Educational Qualification 

Experience

Audit - Information System (IS)

Assistant General Manager (Grade C)

  1. A B.Tech/BE degree in Information Technology (IT), Electronics & Communications, Software Engineering, Electronics & Electrical, Electronics, Computer Science, Digital Banking, BCA, or B.Sc. in Computer Science/IT from a university recognized by the Government of India or its regulatory bodies.

Or

Alternatively, graduates in any discipline with a valid Certified Information Systems Auditor (CISA) certification are eligible.

  1. An M.Sc. in IT/Computer Science, MCA, M.Tech, or M.E in Information Technology (IT), Electronics & Communications, Electronics & Electrical, Electronics, Software Engineering, Digital Banking, or Computer Science from a university recognized by the Government of India or its regulatory bodies.
  2. Candidates with additional qualifications/certifications such as Certified Information Security Manager (CISM), Certified in Risk and Information Systems Control (CRISC), Certified Information Systems Security Professional (CISSP), and Certified Information System Auditor (CISA) are preferred.

A minimum of 7 years of experience as an officer or in an equivalent role within the Banking, Financial Services, and Insurance (BFSI) sector, with at least 4 years specifically focused on the functional area of Information System (IS) Audit as outlined in the job description provided.

Fraud Risk Management (FRM) - Fraud Analytics

Deputy General Manager (Grade D) 

  1. Candidates should hold a Bachelor's degree in B.Sc. Mathematics, Statistics, or B.Tech from a university recognized by the Government of India or its regulatory bodies.
  2. Preference will be given to individuals with a Master's or Post Graduate degree in M.Sc. Mathematics/Statistics from a recognized university in India and/or possessing professional qualifications or certifications in Data Science.
  1. A minimum of 10 years of experience as an officer or in an equivalent role within the Banking, Financial Technology Sector, with at least 7 years specifically dedicated to Data Science.
  2. Preference will be given to candidates with experience in the Fraud Risk Management function.

Fraud Risk Management (FRM) - FRM

Assistant General Manager (Grade C)

  1. Candidates should hold a Bachelor's degree in any discipline from a university recognized by the Government of India or its regulatory bodies. 
  2. Preference will be given to individuals with a Master's or Post Graduate degree in any field from a recognized university in India and/or possessing qualifications such as Certified Bank Forensic Accountant (CBFA), Certified Risk Manager (CRM), Certified Fraud Examiner (CFE), or Financial Risk Manager (FRM).
  1. A minimum of 7 years of experience as an Officer or in a similar capacity within the Banking, Financial Technology Sector, with at least 4 years specifically focused on Fraud Risk Management.
  2. Preferably, candidates should also possess experience in Digital Banking Channels and Payment Eco System, including areas such as Card Related Business (Acquiring/Issuing), Mobile & Internet Banking, UPI, AePS, and related domains.

Fraud Risk Management - Fraud Analytics

Assistant General Manager (Grade C)

  1. A Bachelor's degree in B.Sc. Mathematics/Statistics/B.Tech from a government-recognized university in India is required.
  2. Candidates with a preference will have completed their Masters/Post Graduate studies in M.Sc. Mathematics/Statistics from a similarly recognized university in India.
  1. A minimum of 7 years of experience as an Officer or in an equivalent role within the BFSI sector is required. 
  2. Candidates with proficiency in statistical tools like R, Python, and SAS software will be given preference. Of the total experience, at least 4 years should be dedicated to the Fraud Risk Management function.

Fraud Risk Management - FRM 

Manager (Grade B)

  1. Candidates should possess a Bachelor's degree in any discipline from a university recognized by the Government of India or its regulatory bodies. 
  2. Preference will be given to those holding a Master's or Post Graduate degree in any field from a similarly recognized university in India and/or having qualifications such as Certified Bank Forensic Accountant (CBFA), Certified Risk Manager (CRM), Certified Fraud Examiner (CFE), or Financial Risk Manager (FRM).
  1. A minimum of 4 years of experience as an officer or in a similar capacity within the BFSI/Financial Technology Sector is required. Among this, a minimum of 2 years should be focused on Fraud Risk Management.
  2. Additionally, preferable experience should include familiarity with Digital Banking Channels and Payment Eco System, covering areas like Card Related Business (Acquiring/Issuing), Mobile & Internet Banking, UPI, AePS, etc.

Fraud Risk Management - Fraud Analytics

Manager (Grade B)

  1. A Bachelor's degree in B.Sc. Mathematics/Statistics/B.Tech from a government-recognized university in India is required.
  2. Candidates with a preference will have completed their Masters/Post Graduate studies in M.Sc. Mathematics/Statistics from a similarly recognized university in India.
  1. A minimum of 4 years of experience as an Officer or in an equivalent role within the BFSI sector is necessary.
  2. Candidates with expertise in statistical tools like R, Python, and SAS software will receive preference. 
  3. Among this

experience, a minimum of 2 years should be dedicated specifically to the area of Fraud Risk Management.

Risk Management - Credit Risk

Manager (Grade B)

Chartered Accountant (CA), Master of Business Administration (MBA) with a specialization in Banking or Finance, Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), or Institute of Cost Accountants of India (ICWA).

  1. A minimum of 4 years of experience as an officer or in an equivalent role within Scheduled Commercial Banks (SCBs), Corporate Entities, or the BFSI sector is required.
  2. Preference will be given to candidates with at least 2 years of experience in a similar functional area.

Risk Management - Information Security Group (ISG)

Assistant General Manager (Grade C) 

  1. Candidates should possess a B.E./B.Tech. degree in Computer Science & Engineering, Computer Science, Information Technology, Information and Communication Technology, Electronics & Communications, Electrical, Electronics & Electrical Engineering, BCA, or BSc in Computer Science/IT from a university recognized by the Government of India or its regulatory bodies.
  2. Alternatively, candidates with an MCA/MSc in Computer Science/IT from a similarly recognized university are eligible. Preference will be given to candidates with professional certifications such as Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified Information Systems Security Professional (CISSP), Offensive Security Certified Professional (OSCP), Certified Ethical Hacker (CEH), Certified Information Security Professional (CISP), or Diploma in Information System Audit (DISA).
  1. A minimum of 7 years of experience as an officer or in an equivalent role within the IT/BFSI Sector, Financial Technology (FinTech), or any Corporate entity possessing a department/division/subsidiary dedicated to Information Technology, Information Security, or Cyber Security is required. 
  2. Specifically, among this experience, at least 4 years should be focused on Information Security/Cyber Security.

Risk Management - Information Security Group (ISG)

Manager (Grade B)

  1. Candidates should hold a B.E./B.Tech. degree in Computer Science & Engineering, Computer Science, IT, Information and Communication Technology, Electronics & Communications, Electrical, Electronics & Electrical Engineering, BCA, or BSc in Computer Science/IT from a university recognized by the Government of India or its regulatory bodies. 
  2. Alternatively, candidates with an MCA/MSc in Computer Science/IT from a similarly recognized university are eligible. 
  3. Preference will be given to candidates with professional certifications such as Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified Information Systems Security Professional (CISSP), Offensive Security Certified Professional (OSCP), Certified Ethical Hacker (CEH), Certified Information Security Professional (CISP), or Diploma in Information System Audit (DISA).
  1. A minimum of 4 years of experience as an officer or in an equivalent role within the IT/BFSI Sector, Financial Technology (FinTech), or any Corporate entity possessing a department/division/subsidiary dedicated to Information Technology, Information Security, or Cyber Security is required. 
  2. Specifically, among this experience, at least 2 years should be focused on Information Security/Cyber Security.

Corporate Credit/ Retail Banking (including Retail Credit) - Mid/ Large Corporate Group/ Structured Retail Assets/ Credit Solution Center/ Retail Banking etc. 

Assistant General Manager (Grade C)

  1. A post-graduate degree from a university recognized by the Government of India or its regulatory bodies is required.
  2. Candidates with additional qualifications such as JAIIB (Junior Associate of the Indian Institute of Bankers), CAIIB (Certified Associate of the Indian Institute of Bankers), or an MBA will be preferred.
  1. A minimum of 7 years of experience in Corporate Finance, Corporate Credit, or Retail Credit functions such as Sanction, Credit Monitoring, Credit Appraisal, Credit Administration/Operations, and Credit Risk in Scheduled Commercial Banks (as defined under the RBI Act) is required.
  2. Among this experience, a minimum of 4 years should be specifically focused on Corporate or Retail finance, encompassing credit sourcing & appraisal of large ticket size loans, documentation, credit administration/operations, credit risk, and Credit recovery.

Manager (Grade B)

  1. Completion of a degree from a university accredited by the Government of India or its regulatory entities is required.
  2. Possession of supplementary certifications such as JAIIB/CAIIB/MBA would be advantageous.
  1. A minimum of four years' experience in Corporate Finance or Corporate Credit is required, encompassing various credit functions like Sanction, Credit Monitoring, Credit Appraisal, Credit Administration/Operations, and Credit Risk within Scheduled Commercial Banks defined under the RBI Act. 
  2. Out of this, a minimum of two years' experience should specifically involve Corporate or Retail Finance, focusing on credit sourcing and appraisal of substantial loans, documentation, credit administration/operations, credit risk assessment, and Credit Recovery.

Infrastructure Management Department (IMD) - Premises

Assistant General Manager (Grade C)

A B.Tech/B.E. degree in Civil Engineering, Electrical Engineering, or Electrical & Electronics with a dual specialization, where one of the specializations must be in Civil or Electrical Engineering, obtained from a university recognized by the Government of India or its regulatory bodies is required.

  1. A minimum of seven years of experience as an officer or in an equivalent role within the BFSI sector and/or Large Corporations within the Infrastructure sector/PSUs is required. 
  2. Out of this, a minimum of four years' experience should involve overseeing Civil/Electrical/Engineering activities, encompassing tendering processes, maintenance of office buildings/quarters, and tasks related to establishing new branches/offices.

Manager (Grade B) 

A B.Tech/B.E. degree in Civil Engineering, Electrical Engineering, or Electrical & Electronics, with a dual specialization where one of the specializations should be in Civil or Electrical Engineering, obtained from a university recognized by the Government of India or its regulatory bodies is required.

  1. A minimum of four years' experience as an officer or in an equivalent capacity within the BFSI sector and/or Large Corporates within the Infrastructure sector/PSUs is necessary. 
  2. Among this experience, a minimum of two years should involve managing various Civil/Electrical/Engineering activities, encompassing the tendering process, maintenance of office buildings/quarters, and tasks related to establishing new branches/offices.

Security - Security

Manager (Grade B)

A degree in any discipline from a university recognized by the Government of India or its regulatory bodies is required.

  1. A minimum of four years of Commissioned Service, not below the rank of Captain (in the Indian Army or equivalent rank in the Indian Navy/Air Force), Assistant Superintendent/Deputy Superintendent/Assistant Commandant/Deputy Commandant (in the Indian Police/Paramilitary Forces) is required. 
  2. Among this experience, at least two years should be in a relevant function area as an officer. 
  3. Candidates with officer experience in Banking, Financial Services, and Insurance (BFSI) will be given preference.

IDBI Specialist Cadre Officers Application Process

The IDBI SO Application Form is now accessible exclusively on the bank's official website. Those interested can apply online solely through this platform until 25 December. The organization will exclusively entertain applications submitted through the online channel. If multiple applications are submitted, only the last valid and complete one will be considered, and any fees paid for the other multiple registrations will be forfeited. Once an application is registered online, it cannot be withdrawn, and the fees paid for the application will not be refunded under any circumstances.

To complete the registration for IDBI Bank SO Recruitment, adhere to the outlined steps below:-

Step 1: Visit the Industrial Development Bank of India's official website.

Step 2: Locate and access the Career section located at the bottom of the homepage. Click on the IDBI SO Recruitment 2024 link.

Step 3: Register by providing the necessary information.

Step 4: Referencing the instructions in the IDBI SO Notification 2024 PDF, upload scanned copies of required documents like your photograph and signature.

Step 5: Make the payment for the application fees stipulated for IDBI SO Recruitment 2024.

Step 6: Review the completed application form and save it for future reference.

Application Fees 

To finish applying, you'll need to pay a non-refundable fee. Your application is complete only when you pay this fee online to the Bank before 25 December 2023. Once you apply, you can't withdraw your application or get a refund for the fee, in any circumstances. The payment of the necessary fee or intimation charges must be made exclusively through ONLINE mode by the candidates. Before you pay or apply, make sure you're eligible. Here's the fee for each category: 

IDBI SO Application Fee 2024

Category 

Application Fee

SC/ST

Rs.200/- (Intimation charges only) including GST

General, EWS & OBC 

Rs.1000/- (Application fee + Intimation charges) including GST

Note:- Candidates will be responsible for bearing the transaction charges associated with making online payments for application fees or intimation charges.

IDBI Specialist Cadre Officers 2024 Selection Process

Candidates don’t have to appear in any IDBI SO Exam to get selected as an IDBI Specialist Cadre Officer. As there is no exam and IDBI SO Syllabus as well for managerial posts. For IDBI SO positions, the Bank will first check if you meet the age, education, and work experience requirements. The bank might only invite a few people for the selection process based on how many positions they have. They'll pick these people based on their qualifications and experience. The best candidates will then have a Group Discussion and/or a Personal Interview.

IDBI Specialist Cadre Officers 2024 Salary

IDBI SO Pay scale varies from post to post. The selected candidate will receive allowances, perquisites, and benefits in addition to their pay, as per the applicable rules of the Bank. The salary structure for IDBI SO 2024 Recruitment, categorized by post, is detailed as follows:

                                     IDBI SO Salary Structure 2024

Post 

Pay Scale 

Deputy General Manager, Grade ‘D’ 

₹76010-2220(4)-84890-2500(2)-89890 (7 years) Gross emolument for metro cities will be ₹1,55,000/- per month (approx.)

Assistant General Manager, Grade ‘C’

₹63840-1990(5)-73790-2220(2)-78230 (8 years) Gross emolument for metro cities will be ₹1,28,000/- per month (approx.)

Manager – Grade ‘B’

₹48170-1740(1)-49910-1990(10)-69810 (12 years) Gross emolument for metro cities will be ₹98,000/- per month (approx.)

FAQ

No, candidates are advised to apply for a single position as per their eligibility criteria. Multiple applications from the same candidate for one or multiple positions will lead to the automatic rejection of all applications.

Yes, candidates belonging to the SC/ST category are required to pay Rs. 200/- as intimation charges only, whereas General, EWS, and OBC candidates need to pay Rs. 1000/- as application fee along with intimation charges.

The selection process involves a preliminary screening based on eligibility criteria followed by Group Discussion and/or Personal Interview for the shortlisted candidates.

The payment of application fees or intimation charges must be made exclusively through ONLINE mode by the candidates. Candidates will bear the transaction charges associated with online payments.

Candidates can regularly check the official website of IDBI Bank for updates, notifications, or changes related to the recruitment process.

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