SIDBI Recruitment 2024, Apply Online For 72 Grade A and B Vacancies

The Small Industries Development Bank of India released the SIDBI Recruitment 2024 Notification on its official website, www.sidbi.in. A total of 72 vacancies have been announced for the recruitment of Officers in Grade ‘A’ and Grade ‘B’–General and Specialist Stream. This is an excellent opportunity for candidates looking to join a premier financial institution dedicated to the development and promotion of micro, small, and medium enterprises (MSMEs) in India.

SIDBI Recruitment 2024 Notification Out

The application process is entirely online, with the registration to be completed on 02 December 2024. No offline forms shall be accepted by the bank. Candidates will be appointed based on their performance in the following stages of the recruitment process: Phase I, Phase II and Interview. The given article provides complete details related to SIDBI Recruitment 2024 such as important dates, eligibility criteria, selection process, etc.

SIDBI Notification 2024: Overview

SIDBI Recruitment 2024 announcement opens up exciting opportunities for professionals looking to build a career in the development banking sector. Here’s a detailed overview of the SIDBI Recruitment 2024.

SIDBI Grade A Recruitment 2024 Notification PDF

The SIDBI Recruitment 2024 notification has been published on 08 November 2024. The online application process has commenced, and candidates can submit their applications until 02 December 2024. In the notification, candidates find all the relevant details regarding SIDBI Recruitment 2024 such as the selection process, registration process, important dates, eligibility criteria and vacancies. From the below link, candidates can download the official notification PDF of SIDBI Recruitment 2024.

SIDBI Recruitment 2024 Notification PDF: Download Now

Are You Preparing For SIDBI Grade A?? Click Here For Study Material

SIDBI Grade A and B Apply Online 2024

The registration process is online for Grade A and Grade B vacancies. The application must be submitted on or before 02 December 2024. The various steps that candidates have to follow while submitting the application form are registration, uploading of personal and educational qualification details, and finally paying the application fees. In the given section, we have provided the apply online link for SIDBI Grade A and B Recruitment 2024.

SIDBI Grade A and B Apply Online 2024 Link

SIDBI Grade A Vacancy 2024

A total of 50 vacancies have been announced for Grade A Positions. The category-wise SIDBI Grade A Vacancy 2024 has been discussed in the below table.

SIDBI Grade B Vacancy 2024

The total number of vacancies announced for the Grade B position is 22. Check the category-wise SIDBI Grade B Vacancy 2024 in the below table.

SIDBI Grade A and B Recruitment 2024 Application Fees

The payment for SIDBI Grade A and B Recruitment 2024 can be completed using Debit Cards (RuPay/ Visa/ Master Card/ Maestro),Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets. Candidates must ensure to take the print out of the e-receipt. The category-wise non-refundable application cum processing fee [inclusive of applicable GST] for SIDBI Recruitment 2024 has been discussed in the below table.

SIDBI Grade A and B Eligibility Criteria

Candidates before submitting the application form need to ensure the eligibility criteria for the post they are interested in. The cut-off date for determining Eligibility Criteria with regard to age limit is 08 November 2024 and the cut-off date for determining Eligibility Criteria with regard to educational qualification/Post qualification Experience is 02 December 2024. In the given section, we have discussed in detailed the SIDBI Grade A and B Eligibility Criteria.

SIDBI Grade A and B Age Limit

The minimum and maximum age limit for Officers in Grade ‘A’ and Officers in Grade ‘B’ under the SIDBI Recruitment 2024 has been provided in the below table.

SIDBI Grade A and B Educational Qualification & Post Qualification Work Experience

The educational qualifications and experience required for SIDBI recruitment for Grade ‘A’ and ‘B’ officers are as follows:

Assistant Manager Grade ‘A’ (General Stream)

• Qualification:
  • Graduation in Commerce, Economics, Mathematics, Statistics, Business Administration, or Engineering with at least 60% marks (50% for SC/ST/PwBD).
  • Alternatively, professional qualifications like Company Secretary (CS), Certified Management Accountant (CMA/ICWA), Chartered Financial Analyst (CFA), or Chartered Accountant (CA) are also acceptable.
  • MBA or PGDM in any discipline (full-time, 2 years) from a recognized institution.
• Experience:
  • For candidates with only a graduate degree, at least 2 years experience in credit dispensation in MSME, corporate lending, or small commercial loans as an officer in institutions such as SIDBI, EXIM Bank, NABARD, or scheduled commercial banks.
  • Alternatively, experience in entities dealing with investment or merchant banking, asset reconstruction, or project management with consulting firms may also qualify.
  • No experience is required for candidates with a CA or MBA/PGDM.

Manager Grade ‘B’ (General Stream)

• Qualification:
  • Graduation with 60% marks or post-graduation with 55% marks (relaxation for SC/ST/PwBD).
• Experience:
  • At least 5 years as an officer in institutions like SIDBI, RBI, NABARD, scheduled commercial banks, or RBI-registered NBFCs.

Manager Grade ‘B’ (Legal Stream)

• Qualification:
  • Bachelor’s degree in Law from a recognized university with a minimum of 50% marks (45% for SC/ST/PwBD if reserved).
  • Enrollment as an advocate with the Bar Council of India.
  • Desirable: Preference for candidates with a Master’s Degree in Law or CS qualification, and proficiency in computer applications.
• Experience:
  • At least 5 years as a Law Officer in a permanent or full-time direct contract role (not outsourced) in:
    • RBI, SEBI, or other all-India financial institutions (e.g., EXIM Bank, NABARD, NHB, NaBFID, SIDBI).
    • Scheduled commercial banks, central public sector enterprises (CPSEs), or RBI-registered NBFCs.
  • Desirable Knowledge: Expertise in Banking Law, Company Law, Labour Law, Constitutional Law, and Insolvency & Bankruptcy laws, with drafting experience.

Manager Grade ‘B’ (IT Stream)

•  Qualification:
  • Bachelor’s degree in Computer Science, IT, Electronics, or Communications Engineering, or MCA from a recognized institution with 60% marks (55% for SC/ST/PwBD).
  • Desirable Certifications: Preferred certifications in AI/ML, Full Stack Development, CISSP, CISM, CEH, or ITIL Foundation in IT Service Management.
• Experience:
  • 5 years in IT as a System Officer or similar (permanent or full-time direct contract, not outsourced) in:
    • All-India financial institutions, scheduled commercial banks, listed companies, or RBI-registered NBFCs.
  • Specific Experience Areas (at least 2 years in one of the following):
    • AI/ML Solutions and ML/Deep Learning algorithms, or
    • Web application development with expertise in RDBMS, SQL, and PL/SQL, or
    • IT Security Management, or
    • IT Infrastructure and Network Management.
• Desirable Experience: Experience with remote process automation, UI skills, enterprise security solutions, cloud/storage technologies, or infrastructure design for high availability and reliability.

SIDBI Grade A and B Salary 2024

Small Industries Development Bank of India offers a lucrative salary to the officers designated for the position of Assistant Manager and Manager. Based on the place of posting the annual SIDBI Grade A Salary 2024 ranges from 19 Lakh to 21 Lakh and that SIDBI Grade B Salary 2024 lies in the range of 23.5 Lakh to 26 Lakh. Candidates can refer to the below table for the pay scale of SIDBI Grade A and B Salary 2024.

SIDBI Recruitment 2024 Selection Process

The Selection Process for the SIDBI Recruitment 2024 for the Grade A and Grade B positions involves the three stages. Candidates will be shortlisted based on their performance in each stage. First, the candidates have to take the Phase 1 Examination as which is common for all streams and for grades as well. Next, the candidate who qualifies the Phase 1 examination will only appears for the Phase 2 Examination which is separated for the General and specialist streams. Finally the candidates will have to go through the Interview stage. The final selection for Grade A and Grade B  will be basically based on the performance in both the Phase 2 exam and the interview.