SIDBI Grade A Notification 2023 Out For 50 Assistant Managers

SIDBI Grade A Recruitment Notification 2023 has been issued by the Small Industries Development Bank of India (SIDBI) on 8 November 2023 for the recruitment of Assistant Manager in Grade ‘A’ (General Stream). Interested and eligible candidates can apply for the SIDBI ‘Grade A’ AM from 8 November to 28 November 2023 by visiting the official website of the SIDBI.

SIDBI has recently announced 50 vacancies for Assistant Manager positions. The selection process involves Group Discussion and Interviews to shortlist candidates. The Group Discussion and Interview rounds are scheduled to take place in December 2023 or January 2024. Prospective candidates are strongly encouraged to carefully read this article for comprehensive details regarding the SIDBI Assistant Manager 2023 Recruitment.

SIDBI Assistant Manager Recruitment 2023  

SIDBI, established under an Act of Parliament, serves as the principal financial institution dedicated to the promotion, financing, and development of the Micro, Small, and Medium Enterprises (MSMEs) sector in India. The SIDBI announces a total of 50 vacancies for the SIDBI Assistant Manager post. Candidates are advised to apply well in advance before the deadline to avoid any technical issues. 

SIDBI Grade A Assistant Manager Job Profile

Officers in Grade 'A' are expected to actively contribute in the following key operational areas of the Bank:

a. Enhancing credit penetration in MSME, Microfinance, and Startup/Venture Capital sectors through both direct and indirect credit delivery and monitoring mechanisms.

b. Playing a vital role in promoting entrepreneurship and skill development activities within the MSME sector. This involves fostering collaboration and coordination with diverse stakeholders.

c. Servingas key contributors to Business Analytics and the decision-making process by regularly gathering market feedback and conducting research. Officers are responsible for updating the Management on trends in their respective areas/clusters, assisting the Bank in prioritizing new initiatives and projects.

d. Participating in internal management/administration, control, and monitoring functions to ensure the Bank's adaptability and responsiveness amidst the changing dynamics of the MSME sector and the overall economy.

e. Undertaking any other assignments as directed by the Bank from time to time.

SIDBI Assistant Manager 2023: Overview

The Small Industries Development Bank of India is set to hire candidates for 50 vacancies in the Assistant Manager (Grade-A) position within the General Stream through the SIDBI Grade A Recruitment 2023. Candidates can check this table for the key highlights of SIDBI Recruitment 2023:-

SIDBI Assistant Manager Important Dates 2023

SIDBI Assistant Manager Interview will take place in the month of December 2023 or January 2024. To check all the important dates related to the recruitment process, check the table below:-

SIDBI Grade A  2023 Recruitment: Important Links

The Small Industries Development Bank of India commenced the online application process for eligible graduates/post-graduates on 8 November 2023. According to the SIDBI Notification, interested candidates can submit their applications for SIDBI Grade A until 28 November 2023. The application link for SIDBI Grade A Recruitment 2023 is accessible on the official website, and for your convenience, we have provided all pertinent direct links below as well.

SIDBI Assistant Manager 2023 Vacancy

A total of 50 vacancies are announced by the SIDBI for SIDBI Grade ‘A’ Assistant Manager in General Stream. Category-wise vacancy distribution is tabulated below for a clearer view of the vacancies:-

SIDBI Assistant Manager Eligibility Criteria 2023 

To apply for the SIDBI Assistant Manager 2023, candidates should check the eligibility criteria first. Eligibility criteria include nationality, age limit, educational qualifications, work experience, etc. In this section, we are providing brief information about SIDBI Grade A Post eligibility criteria:-

Nationality

To be eligible for the SIDBI Assistant Manager post, candidates must fall into one of the following categories:

(i) A citizen of India

(ii) A subject of Nepal

(iii) A subject of Bhutan

(iv) Being a Tibetan refugee who arrived in India before January 1, 1962, with the intention of permanent settlement

(v) Being a person of Indian origin who migrated from Pakistan, Burma, Sri Lanka, East African Countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia, and Vietnam, with the intention of permanently settling in India.

Age Limit & Relaxation

The maximum age limit for the Assistant Manager post is 30 years i.e. candidates born on or after November 09, 1993, are eligible to apply. Age relaxation is extended to certain special categories. The relaxation in the upper age limit is as follows:

Educational Qualification

The candidate must hold one of the following educational qualifications:

• A Bachelor’s degree in any subject from a recognized University/Institution with a minimum of 60% marks (55% for SC/ST/PwBD applicants) in aggregate. The degree should be from Universities/Institutions recognized by the Government of India (GoI) or UGC.

OR

• Qualification as a CA/CS/CWA/CFA/CMA.

OR

• A Bachelor’s degree in Law/ Bachelor’s Degree in Engineering with a minimum of 60% marks (55% for SC/ST/PwBD applicants) in aggregate from Universities/Institutions recognized by the Government of India (GoI), UGC, or AICTE.

Work Experience 

To apply for the SIDBI Grade A post a minimum of 2 years of experience in Scheduled Commercial Banks/All India Financial Institutions, focusing on MSME lending (excluding personal loans, educational loans, vehicle loans, housing loans, etc.), OR a minimum of 3 years of experience in systemically important NBFCs, specifically in MSME lending, non-individual lending, or corporate lending.

SIDBI Assistant Manager Application Process

To apply for SIDBI Grade A Recruitment, candidates are required to submit their online application form between November 8 and November 28, 2023, by following these steps:

1. Firstly, start by visiting the official website of the Small Industries Development Bank of India.
2. On the homepage, click on "Careers" located at the top. This action will lead to a new page displaying all current recruitments.
3. Select "Application for Assistant Manager ‘Grade-A’ in General Stream" and then navigate to "SIDBI invites Applications for Recruitment of Officers in Grade ‘A’– General Stream." Subsequently, click on "Click here to apply online."
4. Register for the application process by choosing the tab "Click here for New Registration" and entering your Name, Contact details, and Email-id.
5. Upon entering your credentials, the system will generate a Provisional Registration Number and Password, both of which will be displayed on the screen.
6. Login with the Registration Number and Password, and begin filling in the required details in the SIDBI Grade A Application Form 2023.
7. Upload the necessary documents as per the specified dimensions: Photograph (4.5 cm 3.5 cm), signature (with black ink), left thumb impression (on white paper with black or blue ink), and a handwritten declaration (on white paper with black ink).
8. Pay the required application fee online and submit the duly filled application form well before the deadline, which is November 28, 2023.
9. Take a printout of the final submission page for future reference. 

Application Fees 

Applicants are required to remit the application fee to finalize the application process, and it is non-refundable. Payment can be made using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/Mobile Wallets, by providing the necessary details as prompted on the screen. Check the category-wise application fee presented in the table below:

SIDBI Assistant Manager 2023 Selection Process

The selection process aims to assess candidates comprehensively, considering their qualifications, suitability, communication skills, problem-solving abilities, and overall suitability for the Assistant Manager post at SIDBI.

Preliminary Screening:

• Initial review of online applications to shortlist eligible candidates based on prescribed qualifications, experience, and information provided in the application form and uploaded documents.

Psychometric Test:

• Shortlisted candidates undergo an online Psychometric Test or another suitable test.
• Evaluation criteria include personality, communication skills, clarity, problem-solving abilities, innovativeness, efficiency, and willingness to work nationwide.

Group Discussion and Interview:

• Candidates who successfully complete the Psychometric Test proceed to Group Discussion and Interview.
• Group Discussion and Interview take place on the same day in various SIDBI offices.

• Maximum marks for both Group Discussion and Interview are set at 100 each.

Final Selection:

• The combined marks obtained in Group Discussion and Interview determine the final selection.
• Final selection is based on the overall performance of the candidate in both assessments.

SIDBI Assistant Manager 2023 Admit Card

The SIDBI Admit Card will be available for download on the official SIDBI website approximately 10 to 15 days before the scheduled interview dates. No hardcopies or individual communications regarding the SIDBI Grade A Admit Card 2023 will be sent to the candidates. Once the admit card is issued, candidates can obtain it by visiting the official website of the SIDBI. Here we are providing the direct link to download the SIDBI Grade A Admit Card 2023 which will be activated once the admit card is released by the SIDBI:-

SIDBI Assistant Manager Admit Card Link 2023  

SIDBI Assistant Manager Result 2023 

SIDBI Final result declaration will be done on the basis of overall performance of the candidate in both assessments Group Discussion and Interview. Once the interview conducted, the SIDBI announce the final result through it’s official website. Click on the below link to check the SIDBI Grade A Result, once its declared by the SIDBI.

SIDBI Grade A Result 2023 Link 

SIDBI Assistant Manager 2023 Salary

The initial basic salary for SIDBI Grade A Assistant Manager is Rs. 44,500, and the pay scale is structured as follows: Rs. 44,500 - 2,500 (4) - 54,500 - 2,850 (7) – 74,450 - EB - 2,850 (4) – 85,850 - 3,300 (1) - 89,150 (17 years). The total net monthly salary for SIDBI Grade A, inclusive of dearness allowances, house rent allowances, and other benefits, amounts to approximately Rs. 90,000.

FAQs On SIDBI Assistant Manager Recruitment 2023