IDBI Recruitment

Personal Banking


	Home / Careers / Recruitment of officers in Special Stream

Recruitment of officers in Special Stream

Candidates are advised to apply ON-LINE between March 15, 2008 to April 30, 2008 only through the Bank's website at www.idbi.com / www.idbibank.com after carefully going through all the instructions contained in the Application Form and the general instructions given in the advertisement.No other means/mode of application form/ Printout would be accepted.

The online Registration will not be considered as valid unless the computer printout of the system generated application form alongwith the demand draft, photograph duly affixed and self attested copies of requisite certificates is received by ordinary post at the specified address (Refer Para 10 below).
Last date for receipt of System Generated application: May 10, 2008
Last date for receipt System Generated Application from: May 20, 2008
Specified Far-flung areas [See Para No. 9 (xiv)]

Industrial Development Bank of India Limited (IDBI), 'a new generation' fully computerized banking company within the meaning of the Companies Act, 1956, having majority share holding by Government of India, engaged in Development Banking & Commercial Banking activities, invites online applications, for the posts as mentioned below, from Indian citizens, subjects of Nepal and Bhutan, Tibetan refugees (who came over to India before 1st January 1962) and persons of Indian origin who have migrated from Myanmar and Sri Lanka with the intention of permanently settling in India and in whose favour Eligibility Certificates have been issued by Government of India.

Sr.No.	Functional Area	Name of the Post	Post Code	No. of Posts	Age as on Mar.1, 2008 *
1.	Legal	Assistant General Manager (Legal)	AGM-1	5	37 years
2.	Legal	Manager (Legal)	M-1	20	32 years
3.	Corporate Banking (CB) / Trade Finance (TF) / Cash Management Service (CMS) / Govt. Business(GB)	Manager (CB/TF/CMS/GB)	M-2	60	32 years
4.	SME Financing	Manager (SME Finance)	M-3	10	32 years
5.	Agri Business	Manager (Agri Business)	M-4	25	32 years
6.	Corporate Finance (Infrastructure Corporate Group - ICG, Large Corporate Group - LCG, Mid Corporate Group - MCG)	Manager- ICG/LCG/MCG	M-5	80	32 years
7.	Premises	Manager (Civil/Electrical)	M-6	10	32 years
8.	Treasury	Assistant Manager (Treasury)	AM-1	22	30years
Total Posts				232

* SC/ST/OBC/Person with disabilities (PWD)/Ex-Servicemen would be eligible for age relaxation as per GOI guidelines which is mentioned at para 3 below.

Note:

i)	The above posts of Managers (i.e. total 205) include 5 backlog vacancies for SCs.
ii)	The numbers of posts mentioned in para 1 are provisional and may vary depending on future requirements. IDBI reserves the right to draw a waitlist and consider waitlisted candidate(s) for future requirements. Offers to the selected candidates could be issued in phases as per the Bank's requirement.
iii)	Based on the assessment of the applicant by the Bank, offer could be made to a lower grade post even though the candidate/s might have applied and fulfilled the eligibility criteria for the higher grade post.

Eligibility criteria (as on March 1, 2008):

Sr. No.	Post Code	Educational qualification	Minimum Experience	Job Description $ -
1.	AGM-1	Graduation in Law from any recognized University / Institution	5 years standing as advocate or in a responsible position as officer in the Legal Department of a Commercial Bank or combined experience in the above positions. The candidate should have knowledge of Banking, Company, Industrial, Labour Laws, etc.	All legal matters arising in connection with the business of the bank including Labour related issues within or outside India.
2.	M-1	Same as indicated in Sr.1 above (i.e. for post code AGM-1)	Same as indicated in Sr.1 above (i.e. for post code AGM-1) but experience of 3 years.	-----------do-----------
3.	M-2	Graduation from a recognized University. Additional qualifications like JAIIB / CAIIB / MBA (Finance/ Marketing) would be preferred.	3 years of officers experience in Banks/FIs in Corp. Banking/Trade Finance / Cash Management Services/ Govt. Business (Tax collection) /Third Party Product Distribution. Preference would be given to experience in marketing these products to corporate clients.	For Manager (CB/TF) – marketing and processing various products like guarantees, LC, Export Collection/ Negotiation, Import Collection, Bill Discounting, Remittances, Export Credit, Bill Financing, etc. For Manager (CMS/GB) – marketing and dealing with products in the area of cash management including collection (local/ outstation cheques), Disbursements (payable at par cheque book, bulk DD/pay order, etc.), Debt Servicing (interest warrants, etc.), EFT,ECS, RTGS, etc.
4.	M-3	Same as indicated in Sr. 3 above (i.e. forthe post code M-2)	Same as indicated in Sr. 3 above ( i.e. for the post code M-2)	To mobilise, process/appraise the loan proposal pertaining to SME/SSI sectors and recommend sanction thereof. They are also expected to carry out post sanction activities i.e. disbursement, followup, recovery etc. The candidates are expected to be mobile and should be in a position to achieve the assigned target.
5.	M-4	Graduation (preferably in Agriculture) from arecognized university.Additionalqualifications like JAIIB / CAIIB / MBA (Agri Management) would be preferred.	3 years of officer experience in Banks/FIs in Agricultural/Allied Agricultural Financing/ Credit	To mobilize, process / appraise the loan proposal pertaining to Agriculture & Allied- Agriculture activities and recommend sanction thereof. They are also expected to carry out related post sanction activities like disbursement, followup, recovery, etc. The candidates are expected to be mobile for achieving the assigned target.
6.	M-5	Graduation (preferable in Engineering / Economics) from a recognized university. Additional qualifications like JAIIB / CAIIB / CA / MBA (Finance / Marketing) would be preferred.	3 years of officer experience in Banks/FIs in project finance /infrastructure project finance/ corporate finance/ sourcing new business/ loan syndication, merchant banking activities, etc.	Responsible for sourcing new business, processing /appraisal of the new/existing business proposal/loan proposal (project/ non-project) and recommend sanction thereof/ syndication of debt & equity, etc. Candidates are also expected to carry out post sanction activities like disbursement, follow-up, recovery, etc. The candidates would be expected to be mobile for achieving the assigned target.
7.	M-6	B.Tech/B.E/Equivalen t in Civil/Electrical Engg. from recognized University / Institute	3 years of officer experience in handling electrical/civil engineering activities; tendering process, maintenance of office building/ staff quarters, new branch opening, etc.	Responsible for matters pertaining to identifying, developing, furnishing, shifting etc. of suitable premises for bank's new/existing branch offices, residential premises, etc., maintenance of all premises of the Bank.
8.	AM-1	Graduation with first class from a recognized university.CA/ MBA (regular/fulltime) would be preferred.	2 years of officer experience in Foreign Exchange Dealing Room Operations, Money Market and Derivatives (including Back & Mid office).	Responsible for treasury activities like front office, back office or mid office. The candidates should have passion to perform and commitment to achieve the assigned target.

The cut off date for age, qualification and experience for all the above posts is March 1, 2008.
$ The Bank may also assign such other related job/assignment as may be decided from time to time.

Note:

a)	Proficiency in computers is essential for all the posts mentioned above.
b)	Bank reserves the right to raise/modify the eligibility criteria in educational qualification (including percentage of marks secured at Graduation level) and/or work experience, etc.

Age Relaxation: SC/ST/OBC/PWD/Ex-Servicemen would be eligible for age relaxation as per Govt. of India guidelines which is as under:

By 3 years in upper age limit in the case of OBC candidates.

ii)

By 5 years in upper age limit in the case of:

a)	SC/ ST candidates,
b)	Ex-employees of banking institutions whose services had to be terminated for reasons of economy or as a result of bank going into liquidation and personnel retrenched from Government Offices after at least one year's service and applying through Employment Exchanges,
c)	Ex-servicemen (including Emergency Commissioned Officers/Short Service Commissioned Officers) provided applicants have rendered at least five years continuous Military Service and have been released on completion of assignment (including those whose assignment is due to be completed within one year) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or/on account of physical disability or have been released on account of physical disability attributable to Military Service or on invalidment,
d)	Emergency Commissioned Officers/Short Service Commissioned Officers who have completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case the Ministry of Defences issues certificates that they would be released on selection within three months from the date of receipt of offer of appointment,
e)	Candidates who had ordinarily been domiciled in Kashmir Division of the State of Jammu and Kashmir between 1st January, 1980 and 31st December, 1989,
f)	for the Children/family members of those who have died in the 1984 riots.

iii)

By 5 years in upper age limit for PWD (Gen.); 8 years for PWD (OBC) and 10 years for PWD (SC/ST) candidates.

iv)

As per recruitment practice of IDBI, Permanent Employees of IDBI Ltd. are exempted from upper age limit.

Other Relaxations/ Concessions would be extended to SC/ST/OBC/PH candidates as per the Govt. of India guidelines.

NOTE:
i) Cumulative age relaxation will not be available either under the above items or in combination with other items.
ii) An ex-serviceman who has once joined a government job on the civil side (as an civilian) after availing of the benefits given to him as an ex-serviceman for his re-employment, his ex-serviceman status for the purpose of re-employment in the Bank ceases.

Reservations:

4.01

Reservations for SC/ST/OBC candidates would be extended as per rules / guidelines of Government of India. Applicable reservation percentage for this recruitment is 16.66%, 7.5% & 25.84% for SC, ST & OBC respectively.

4.02

Horizontal Reservation for Physically Handicapped (PH) or Person with disabilities (PWD) @ 3% of the identified posts i.e. 1% each for persons suffering from
(i) blindness or low vision i.e. visually handicapped (VH),
(ii) hearing impairment i.e. hearing handicapped (HH) and
(iii) locomotor disability or celebral palsy i.e. orthopaedically handicapped (OH) would also be extended.
The PH candidates should possess a latest certificate to the effect with Sub-category of disability i.e. VH, HH & OH issued by the Board / countersigned by the Medical Superintendent / Chief Medical Officer / Head of Hospital of Government.

Pay and Other benefits: The present pay scales are as under:

  Assistant General Manager - Gr.C: Rs.17525-700-21025-800-24225-EB-800-26625.
  Manager-Gr. B: Rs.13700-700-20000-EB-700-21400-750-24400 .
  Assistant Manager-Gr.A: Rs.11250-700-18950-700-21750-750-22500.

In addition to pay and allowances, the selected candidate/s will be eligible for benefits as per Bank's rules in the applicable grade / posts.
    The Bank is currently in the process of reviewing its overall compensation package. The compensation/other terms prevailing at the time of issue of offer letter/joining would be applicable to the selected candidates.

Terms of Appointment & Posting:

Initial appointment for all posts will be on probation for a period of 1 year from the date of joining (which can be extended at the discretion of the Bank). Candidate will be posted at the Bank's discretion, to any offices of the Bank or the departments/ offices/ business units / Bank's associate institutions. The candidate will also be liable to be transferred to any place in/outside India, as the Bank may decide from time to time in terms of Bank's prevailing rules.

Selection Process:

The Selection process will comprise of Group Discussion (GD) followed by Personal Interview or only Personal Interview of the candidates short listed. The GD/Interview would be held at the Bank's Head Office at "IDBI Tower", WTC Complex, Cuffe Parade, Colaba, Mumbai- 400 005. The GD/Interview would be held in batches in May/June 2008 as indicated below. The decision about the center/s for conducting such selection process will be solely at the discretion of the Bank and requests for change of center will not be entertained. IDBI Ltd., however reserves the right to change/cancel/add the venue for GD/Interview depending on the response/number of applications for a particular centre.

System Generated Applications received upto March 31, 2008	First week of May 2008
System Generated Applications received upto April 30, 2008	Third week of May 2008
System Generated Applications received upto May 20, 2008	Second week of June 2008

The details regarding the time, date and address of the venue of the GD/Interview for the short listed eligible candidates would be put on IDBI's website. No separate communication i.e. either by post or otherwise would be issued to the candidates. Other instructions, if any, in this regard would also be displayed on the website. Candidates are, therefore, advised to visit the Bank's website at regular intervals for updates around mid-April 2008.
Appointment of the shortlisted/selected candidates is subject to his/her being found medically fit as per the requirement of the Bank. The number of candidates to be called for interview will be decided by the Bank. Candidates may answer the questions at interview in Hindi or English at their option.

Non - Refundable Application Fees and Postage Charges:

Rs.75/- (Rupees Seventy Five only) towards postage is payable by SC/ST/PWD and Ex- Servicemen candidates and Rs.300/- (Rupees three hundred only) towards application fee and postage charges by all other categories (i.e. General & OBC). Fee is payable by Demand Draft only favouring Industrial Development Bank of India Ltd. and payable at Mumbai. No other financial instrument other than Demand Draft favouring "Industrial Development Bank of India Ltd." and payable at Mumbai shall be accepted. Fees sent separately not accompanied by system generated application or payment in any other manner will not be accepted. Fees once paid will not be refunded. The Candidates' name, Post applied for, System generated Registration Number and address should be written on the reverse of the Demand Draft. The Demand Draft must be purchased on or after the date of opening of the online Registration Gateway i.e. on March 15 2008 but before the close of business on April 30, 2008 i.e. close of On line Registration Gateway. Even if the Bank extends the last date of Registration due to technical reasons, the valid dates during which the DD should be purchased should be within that period only. Eligible permanent employees of IDBI Ltd. are exempted from the payment of any fees as per the Bank's recruitment practice.

General Instructions: (Please read carefully before filling up the application form online)

i.	Before filling in the application form, the candidate must ensure that they fulfil all the eligibility criteria with respect to age, educational qualifications, work experience, etc. as on March 1, 2008 in respect of the post applied. Applications to be submitted only through the on-line mode through the Bank's website. No other form of application would be accepted. The printout of the same should be downloaded and should be sent alongwith a photograph (duly pasted on the application), applicable demand draft, attested/self attested copies of certificates in support of age, educational qualifications, experience, caste (if any) and certificate in support of belonging to PWD or claiming any other age relaxation. Applications, in any other form and not accompanied by Demand Draft and attested copies of testimonials, illegible or mutilated or received after the prescribed date, will be rejected forthwith. Applications containing incorrect/misleading information will lead to the candidate being disqualified, as and when detected, irrespective of the stage of selection process and will also lead to dismissal from employment when it is detected anytime after the appointment.
ii.	Option for use of Hindi will be available during GD/Interview.
iii.	All the candidates belonging to ST/SC/OBC/Ex-Serviceman/PWD should enclose attested copy of the caste certificate in a prescribed form from the Competent Authority empowered to issue such certificate. OBC certificate should be of a recent date with suitable mention about creamy layer. No original certificates should be enclosed with the application. The candidate's appointment will remain provisional subject to caste/ tribe certificates being verified through proper channel and verification of testimonials. The candidate's services will be liable to be terminated forthwith without assigning any reason in case the verification reveals that his claim for belonging to ST/SC/OBC/Ex- Serviceman and other testimonials is false. The Bank also reserves its right to take such further action against the candidate, as it may deem proper for production of such false caste certificate.
iv.	Before appearing for the GD/Interview, the candidates should ensure that they are eligible according to eligibility criteria stipulated in the Advertisement. If the candidates are not eligible, their candidature will be cancelled at any stage of the recruitment. If 7 the candidate qualifies in the selection process and subsequently it is found that he/she does not fulfill the eligibility criteria, his/her candidature will be cancelled and if appointed, services would be terminated without any notice or compensation.
v.	All educational qualifications must have been obtained on or before the cut off date i.e. March 01, 2008 from recognized Universities/Institutions in India or abroad. If grades are awarded instead of marks, candidates should clearly indicate its numerical equivalent.
vi.	Candidates already in service of Govt./Quasi-Govt. Organizations and Public Sector Banks/Undertakings will have to produce a 'No Objection Certificate' from their employer, at the time of GD/Interview. Before appointment in the Bank, a proper discharge certificate/Release Order from the employer will have to be produced. If the Application is required to be routed through the employer and in the process it reaches after the due date, it will not be considered even though submitted to the employer before the due date.
vii.	The Bank does not furnish the mark-sheet of selection process to candidates.
viii.	The Bank shall not entertain requests from the candidates seeking advice about their eligibility to apply.
ix.	Canvassing in any form will be a disqualification.
x.	The Bank reserves the right to raise/modify the minimum eligibility standards and/or relax age/experience criteria in otherwise suitable cases (Please also refer notes of para 2 above). In this regard, no separate notification would be issued by the Bank.
xi.	In all matters regarding eligibility, the stages at which such scrutiny of eligibility is to be undertaken, the documents to be produced for the purpose of conduct of GD/interviews, assessment, prescribing minimum qualifying standards in GD/interview, in relation to number of vacancies and communication of result and any other matter relating to recruitment, the Bank's decision shall be final and binding on the candidates and no correspondence shall be entertained in this regard.
xii.	Details of shortlisted candidates meeting the eligibility criteria for all the posts will be displayed only in the Bank's websites in phased manner as indicated elsewhere in the advertisement. No correspondence would be made with the ineligible candidates. It is therefore, suggested that candidates may visit the Bank's website at regular intervals to get updated status of recruitment.
xiii.	Appointment of the candidate in the Bank will be subject to Medical fitness and satisfactory Reference check.
xvi.	Far Flung areas candidates are those residing abroad or in Andaman Nicobar Islands, Lakshadweep, Assam, Meghalaya, Arunachal Pradesh, Mizoram, Manipur, Nagaland, Tripura, Sikkim, Ladakh division of J & K State, Lahaul and Spiti districts and Pangi Sub- Division of Chamba district of Himachal Pradesh.
xv.	The Bank shall not be responsible for any postal delay. No request/correspondence in this regard will be entertained. Duly filled in and signed print out of the system 8 generated Application form along with all enclosures must be received on or before the last date as indicated above. System generated print out of applications received after the last date shall not be considered valid and online Registration of such applications shall stand cancelled automatically.
xvi.	The candidates should apply for only one post. Multiple applications will not be considered and would be liable to be rejected outright.
xvii.	If the application form does not indicate the post applied for, but the applicant is otherwise eligible, the application would be considered for the post of Manager only, at the discretion of the Bank (Applicable only for candidates applying for the post of AGMLegal & Manager-Legal). No correspondence in this regard would be entertained.
xviii.	SC and ST candidates called for the selection process will be reimbursed, on production of requisite tickets, to and fro actual single Second Class railway fare by the shortest route from the place of their residence to the place of Interview.This concession will not be admissible to SC/ST candidates who are already in service in Central/State Government/Corporations/ Public Undertakings/ Local Government/ Institutes and Panchayats.
xix.	The candidate must retain the photocopy of the system generated application print out, sent at the specified address for further reference.
xx.	A recent passport size colour photograph (without dark glasses) should be firmly pasted on the system generated print out of the application at the prescribed place and should be signed across by the candidate. Sufficient copies of the same photograph should be retained for use at time of GD and/or interview. Candidates are advised not to change their appearance till the entire recruitment process is over. Failure to produce the same photograph at the time of GD and/or interview may lead to disqualification.

10.

How to apply:

Eligible candidates are required to apply only ‘online’ through our web site. No other means /mode of application will be acceptable. Application should be filled in English only. However, option for use of Hindi will be available at the time of GD / Interviews. Before registering their applications on the web site, candidates should possess the following:

i)	The candidate must possess a valid e-mail id. for filling the application. In case the candidate does not have a valid e-mail id he/she can create a new e-mail id. This e-mail id. should be valid for the duration of the recruitment.
ii)	A recent passport size colour photograph for pasting on print out of the application. The candidate should retain same copy of the photo to be pasted on the call letter for GD /Interview.
iii)	Demand Draft of Rs. 300/- as non refundable application fee for General & OBC, candidates. Demand Draft of Rs. 75 as non refundable postage charges for SC / ST / PWD and Ex-Servicemen candidates, No other financial instrument other than Demand Draft favouring “Industrial Development Bank of India Ltd." payable at Mumbai shall be accepted. Candidates must write his / her full name / post applied for / System generated Registration Number and address on the reverse of the Demand Draft. The Demand Draft must be purchased on or after the date of opening of the online Registration Gateway i.e. on March 15, 2008 but before the close of business on April 30, 2008 i.e. close of On line Registration Gateway. Even if the Bank extends the last date of Registration due to technical reasons, the valid dates during which the DD should be purchased should be within that period only.

Copies/documents to be submitted alongwith the filled in System generated application form:

a)	The application fee in the form of Demand Draft for Rs. 300/- (Rs. 75/- postage charges for SC/ST/ PWD/ Ex-Servicemen candidates)
b)	Copies of certificates pertaining to age, educational qualifications and experience.
c)	Copy of Caste / Tribe / Class Certificate for SC/ST/OBC category candidates only.
d)	Copy of Medical Certificate issued by the Competent Authority in case of PWD candidates.
e)	Photograph pasted in the given place and signed across.
f)	Candidates (other than SC/ST/OBC/PWD) seeking age relaxation under any other clause must attach a copy of the certificate / documentary evidence issued by the Competent Authority.

Note: The copies of certificates should be self-attested. The print out of the system generated application along with the documents mentioned above should be sent by ORIDINARY POST ONLY in a closed envelope superscribed as “APPLICATION FOR THE POST OF OFFICER IN IDBI” at the following address: Project Coordinator, Project No. IDBI / 7992, Post Box No. 27697, Malad (E), Mumbai 400097.

The system generated application posted at address other than the above mentioned Post Box would be liable to be rejected. The Bank takes no responsibility for any delay in receipt of Application or loss thereof in postal transit.