SIDBI Grade B 2024 Notification Released: Apply Now for Manager in Grade ‘B’ (General Stream)
Exciting News! SIDBI Grade B 2024 recruitment notification is out, and the exam conducting body, SIDBI which is the Small Industries Development Bank of India has released it for 2024. It is filling 35 posts for General Stream Managers under the Grade B Category. The qualified candidate can get a monthly remuneration package of more than 99,750 Rupees. It also encompasses multiple allowances. The position will be initially for three years at preliminary stages but can be renewed for another two years depending on the employee’s performance. To apply for the post, you must not be older than 37 years by 31st August 2024. You need to have qualifications like MBA, MMS, MS, PGDM, or BE/BTech. If you meet the eligibility criteria, as mentioned in the notification, you can submit your application along with all required documents if you qualify. The application must be submitted before the deadline. As we have given the SIDBI Grade B exam 2024 notification, here in this blog, we will discuss all the minor aspects of the SIDBI Grade B 2024 such as the total number of vacancies, required educational qualification, age limit, pay scale, etc.
SIDBI Grade B 2024 Notification
SIDBI Grade B 2024 Notification is the window to a good career as a manager in a respected government organization. Interested candidates can check out some of the most important highlights of the latest notification through the table below:
SIDBI Grade B 2024 Notification Overview | |
Name of Organization | Small Industries Development Bank of India (SIDBI) |
Post Name | Manager in Grade ‘B’ (General Stream) |
Total Number of Posts | 35 |
Salary | Up to Rs. 99,750 + allowances (house, transport, LFC, medical) |
SIDBI Application Dates 2024 | Apply Online Starting Date: 7th September 2024 Apply Online Ending Date: 30th September 2024 |
Mode of Application | Offline (By address and e-mail) |
Selection Process | Personal Interview (online or face-to-face) |
Age Limit | Not more than 37 years (as of 31st August 2024) |
Required Qualification | MBA/MMS/MS/PGDM in Finance, CFA, BTech, MSc, etc. (See details) |
Experience Required | Minimum 4 years in officer cadre, 2 years in relevant domains |
Contract Period | Initial 3 years, extendable for 2 more years |
Posting Locations | Various cities across India (Ahmedabad, Bengaluru, Delhi, etc.) |
SIDBI Official Website | www.sidbi.in |
SIDBI Grade B Notification 2024 PDF
SIDBI has released 35 Posts for Managers via SIDBI Grade B Notification 2024 on its official website. Candidates can get the SIDBI Grade B Notification 2024 PDF document covering all important information such as application online dates, selection process, instructions, application form format, total number of posts, and eligibility criteria. Candidates can get the direct link to download the SIDBI Grade B 2024 Notification PDF here. Click on the link below to browse through all the details provided in the PDF.
SIDBI Recruitment 2024, Post Name and Vacancies
SIDBI Recruitment 2024 notification is offering 35 managerial posts, including 30 managerial posts in Grade ‘B’ (General Stream) in Branch offices, unspecified managerial posts in Grade ‘B’ (General Stream) for Risk Management Vertical (RiMV), 5 managerial posts in Grade ‘B’ (General Stream) in Treasury & Resource Management Vertical (TRMV).
Post Name and Vacancies for SIDBI Recruitment 2024 | ||||
Sr. No. | Post | SIDBI Office/Vertical | Post Code | Total Vacancies |
1 | Manager in Grade ‘B’ (General Stream) | Branch offices | 1 | 30 |
2 | Manager in Grade ‘B’ (General Stream) | Risk Management Vertical (RiMV) | 2 | Not specified |
3 | Manager in Grade ‘B’ (General Stream) | Treasury & Resource Management Vertical (TRMV) | 3 | 5 |
Tenure for SIDBI Recruitment 2024:
- The appointment will be on a deputation basis for an initial period of up to 3 years.
- The tenure may be extended, at the sole discretion of the Bank, for a further period of up to 2 years.
- A performance review will be conducted at the end of the initial 3-year period, and if the Bank still requires the position and the performance is satisfactory, the appointment may be extended.
Required Qualification for SIDBI Recruitment 2024
Candidates who wish to apply for the 35 Managerial Posts under Grade B must be fully aware of the required qualifications to ensure they are eligible. Below are all the details related to the qualifications for SIDBI Recruitment 2024.
Required Qualification for SIDBI Recruitment 2024 | |
Criteria | Details |
For Branch Offices | The candidate should be a Graduate of any discipline. |
Preferred qualifications include: | |
– MBA/MMS/MS/PGDM in Finance, CA, CFA, FRM, MCom, ICWA, CA, MSc/MA (Maths/Statistics/Economics), BMS, BBA, JAIIB/CAIIB, etc. | |
– Certified Credit Professional course of IIBF or Certified Credit Research Analyst from NISM or similar courses in credit management. | |
For Risk Management Vertical (RiMV) | The candidate should be a Graduate in any discipline. |
– MBA/MMS/MS/PGDM in Finance, MSc Risk Management, MSc/MA (Maths/Statistics/Economics). | |
– BE/BTech with professional qualifications such as Financial Risk Manager (FRM) or Professional Risk Manager (PRM), etc. | |
– Certificate in Risk and Financial Services course of IIBF or similar courses in Risk Management. | |
For Treasury and Resource Management Vertical (TRMV) | The candidate should be a Graduate in any discipline. |
– MBA/MMS/MS/PGDM in Finance/CFA, MSc/BE/BTech with professional qualifications such as Certified Treasury. | |
– Professional course of IIBF or similar courses in Treasury. | |
Experience | – Minimum 4 years of experience in Officer Cadre (regular employee) in public sector banks, with at least 2 years of experience in the relevant domain (Branch offices, RiMV, TRMV). |
– Experience in analytics, financial technologies, and related fields is an added advantage. |
Age Criteria for SIDBI Recruitment 2024
The official notification of SIDBI Recruitment 2024 says that the applicant should not be more than 37 years of age as of August 31, 2024.
Age Criteria for SIDBI Recruitment 2024 |
The candidate must not be older than 37 years |
Age reference date: August 31, 2024 |
Posting Location for SIDBI Recruitment 2024
The selected applicants for SIDBI Recruitment 2024 will be posted in various locations around India:
Sr. No. | Location | Region | State | Facts |
1 | Ahmedabad | West | Gujarat | Major industrial and business hub |
2 | Erode | South | Tamil Nadu | Known for textile and turmeric |
3 | Ludhiana | North | Punjab | Major industrial city |
4 | Faridabad | North | Haryana | Part of Delhi NCR |
5 | Odhav | West | Gujarat | Industrial area near Ahmedabad |
6 | Gurugram | North | Haryana | IT and corporate hub |
7 | Jaipur | North-West | Rajasthan | Historic city, tourism and trade |
8 | Surat | West | Gujarat | Textile and diamond industry |
9 | Tirupur | South | Tamil Nadu | Knitwear export hub |
10 | New Delhi | North | Delhi | Capital city of India |
11 | Morbi | West | Gujarat | Ceramic industry hub |
12 | Vadodara | West | Gujarat | Cultural capital of Gujarat |
13 | Rajkot | West | Gujarat | Engineering industry center |
14 | Changodar | West | Gujarat | Industrial area near Ahmedabad |
15 | Nasik | West | Maharashtra | Wine capital of India |
16 | Pune | West | Maharashtra | IT and education hub |
17 | Kurichi | South | Tamil Nadu | Industrial suburb of Coimbatore |
18 | Chinchwad | West | Maharashtra | Part of Pune metropolitan area |
19 | Coimbatore | South | Tamil Nadu | Engineering and textile industry |
20 | Thane | West | Maharashtra | Part of Mumbai metropolitan area |
21 | Bengaluru | South | Karnataka | IT capital of India |
22 | Chennai | South | Tamil Nadu | Major business and cultural hub |
23 | Noida | North | Uttar Pradesh | IT and corporate hub near Delhi |
24 | Kochi | South | Kerala | Port city, known for shipping |
25 | Chandigarh | North | Punjab/Haryana | Union Territory, well-planned city |
26 | Vatva | West | Gujarat | Industrial suburb of Ahmedabad |
27 | Indore | Central | Madhya Pradesh | Commercial capital of MP |
28 | Ambattur | South | Tamil Nadu | Industrial suburb of Chennai |
29 | Hosur | South | Tamil Nadu | Industrial city near Bengaluru |
30 | Nagpur | Central | Maharashtra | Known for oranges, industrial hub |
31 | Bahadurgarh | North | Haryana | Part of Delhi NCR, industrial town |
32 | Bhopal | Central | Madhya Pradesh | Capital of MP, known for lakes |
33 | Haridwar | North | Uttarakhand | Pilgrimage site, industrial town |
34 | Dehradun | North | Uttarakhand | Capital of Uttarakhand, educational center |
35 | Ranchi | East | Jharkhand | Industrial and educational hub |
36 | Lucknow | North | Uttar Pradesh | Capital city, known for culture |
Salary for SIDBI Recruitment 2024
According to the official SIDBI Recruitment 2024 notification, the salary details are as follows:
- The current pay scale for a Manager (Grade ‘B’) range from Rs. 55,200 to Rs. 99,750 over 16 years.
- Additional benefits include house allowance, transport, LFC (Leave Fare Concession), and medical coverage.
- Officers can choose to either keep the pay and benefits from their current employer with a deputation allowance or opt for SIDBI’s pay scale and benefits. This choice is final and cannot be changed later.
Check out the table below to easily understand the salary progression of Grade B Manager:
Salary for SIDBI Recruitment 2024 | |
Details | Description |
Pay Scale | Rs. 55,200 – Rs. 99,750 (16 years progression) |
Other Benefits | House allowance, transport/conveyance, LFC, medical benefits |
Pay Options | – Retain original employer’s pay scale, DA, personal pay, and perks with deputation allowance. |
– Opt for SIDBI’s pay scale, allowances, and perquisites. | |
Final Decision | Once the pay option is selected, it cannot be changed. |
SIDBI Grade B 2024 Notification
The direct link to the SIDBI Recruitment 2024 Notification PDF is provided in the blog.
SIDBI has released a total of 35 posts for Managers for SIDBI Grade B 2024 recruitment.
The deadline for the application form is 30.10.2024
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