SIDBI Grade B 2024 Notification Out, Apply for 35 Manager posts

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 31^st 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