Last Date:12 December,2019
Advt. No. : 3/ 2019-20
Industrial Development Bank of India (IDBI)
IDBI Specialist Officer vacancy invites application for the posts of 61 Specialist Officer Vacancy 2019 from B.Sc., B.Com pass candidates interested in IDBI SO Recruitment opening. Follow this article for Diploma Trainee Qualification, eligibility criteria and IDBI Specialist Officer Last Date is 12 December.
Name of the post – Specialist Cadre Officer
No of post – 61
Pay Scale – Rs.31705 – 45950/-,Rs.50030 – 59170/-,Rs.42020 – 51490/-
Graduate / Post graduate CA/ MBA.
General Instruction:police recruitment
- Before submitting the online application form, the candidates must ensure that they fulfill all the eligibility criteria with respect to age, educational qualifications, experience, etc. as stated in this advertisement. If the candidates are not eligible, their candidature will be cancelled at any stage of the recruitment. If the candidate qualifies in the selection process and subsequently it is found that he or she does not fulfill the eligibility criteria, his or her candidature will be cancelled and if appointed, services would be terminated without any notice or compensation.
- Applications should be submitted only by the on-line mode through IDBI Bank’s website, after carefully going through all the instructions contained in General Instructions given in the advertisement and in the Online Application Form. No other means or mode of application form would be accepted.
- Candidates are advised in their own interest to apply online much before the closing date to avoid the possibility of disconnection/ inability/ failure to log on to the website on account of heavy load on internet or website jam. The Bank does not assume any responsibility for the candidates not being able to submit their application within the last date on account of the above reasons or any other reason beyond the control of the Bank.
- Not more than one application should be submitted by any candidate. In case of multiple applications only the latest valid (complete) application will be retained and the application fee/ intimation charges paid for the other multiple registration(s) will stand forfeited. Multiple attendance/ appearances at the time of GD and/or PI will be summarily rejected/ candidature cancelled.
- Request for change of centre for GD and/or PI will not be considered. However, IDBI Bank reserves the right to cancel or add any centre depending upon the response in that centre.
- IDBI Bank reserves the right to modify or amend or reverse or cancel any or all of the provisions of the recruitment process including eligibility criteria.
- IDBI Bank may at its sole discretion, re-hold GD and/or PI or additional PI, wherever necessary in respect of a center or venue or specific candidates(s) and/or all centers or all candidates.
- Candidates would not be allowed for GD &/or PI without the original call letter. No duplicate call letter would be issued to the Candidates.
- All candidates belonging to SC, ST, OBC, EWS, Ex-Serviceman and PWD category should produce at the time of interview, attested copy of the relevant certificate in the prescribed form from the Competent Authority empowered to issue such certificate. The name of the caste should be listed in central list of SC/ST/OBC and the caste certificates should be in central government format. OBC certificate should be of a recent date with suitable mention about creamy layer. (Candidates with “NonCreamy Layer Clause” certificate would be eligible for reservation as per Government of India guidelines). The PWD candidates shall possess a certificate of disability issued by the competent authority as per the Government of India guidelines.
- For Economically Weaker Sections(EWS): The Income and Asset Certificate issued by any one of the following authorities in the prescribed format as given in Annexure- II shall only be accepted as proof of candidate’s claim as belonging to EWS:
A.District Magistrate/ Additional District Magistrate/ Collector/ Deputy Commissioner/ Additional Deputy Commissioner/ 1st Class Stipendiary Magistrate/ SubDivisional Magistrate/ Taluka Magistrate/ Executive Magistrate/ Assistant Commissioner.
B.Chief Presidency Magistrate/ Additional Chief Presidency Magistrate/ Presidency Magistrate.
C.Revenue Officer not below the rank of Tehsildar and
D.Sub- Divisional Officer of the area where the candidate and/or his family normally resides.
- The candidate’s appointment will remain provisional subject to caste or tribe certificates being verified through proper channel and verification of other testimonials. The candidate’s services will be liable to be terminated forthwith without assigning any reason in case the verification reveals that his or her claim for belonging to SC, ST, OBC, EWS, PWD and Ex-Serviceman category and other testimonials is false. IDBI Bank also reserves its right to take such further action against the candidates, as it may deem proper, for production of such false caste certificate/ testimonials.
- SC/ ST candidates eligible for the selection process will be reimbursed, on production of tickets, the to and fro actual single return Second Class railway fare by the shortest route from the place of their residence to the place of GD &/or PI. This concession will not be admissible to SC/ST candidates who are already in service in Central or State Government or Corporations or Public Undertakings or Local Government or Institutes and Panchayats.
- Candidates already in service of Government or Quasi Government Organizations and Public Sector Banks or Undertakings will have to produce a ‘No Objection Certificate’ from their employer, at the time of GD &/or PI. Before appointment in the Bank, a proper discharge certificate or 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.
- IDBI Bank shall not furnish the mark-sheet of selection process to Candidates.
- IDBI Bank shall not entertain requests from candidates seeking advice about their eligibility to apply nor from any eligible and not selected Candidates.
- Canvassing in any form will be a disqualification.
- In all matters regarding eligibility, the selection process, the stages at which scrutiny of the documents regarding eligibility is to be undertaken, documents to be produced for the selection process, assessment, prescribing minimum qualifying standards in the selection process, number of vacancies and communication of result, etc., IDBI Bank’s decision shall be final and binding on the Candidates and no correspondence shall be entertained in this regard.
- Candidates with suppression or concealment of any information and containing incorrect or misleading information will lead to the Candidates being disqualified, as and when detected, irrespective of the stage of selection process and will also lead to dismissal from employment on its detection anytime after appointment.
- The appointment of the Candidates is liable to be terminated forthwith without any notice or compensation in lieu of notice, if any declaration or statement or information furnished by them is found to be false or untrue or if any material information if found to be suppressed, or concealed by them.
- Candidates are advised not to change their signature at any point of time during and after the recruitment process. Candidates are advised to keep their email ID and mobile number live for receiving advices like call letters, interview advices, etc.
- Industrial Development Bank of India (IDBI Bank Limited) was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry. Initially it operated as a subsidiary of Reserve Bank of India RBI transferred it to GOI . Many institutes of national importance finds their roots in IDBI like Sidbi, Exim bank, NSE and NSDL. The war cry for reforms in financial space saw GOI reducing its stake in the bank in the year 2019. At present, Life Insurance Corporation of India holds 51% stake in IDBI Bank. Following Life Insurance Corporation of India (LIC) acquiring 51 per cent of the total paid-up equity share capital of the bank, IDBI Bank has been categorised as a private sector bank for regulatory purposes with effect from January 21, 2019.
- For the first quarter of the current financial year 2017-18, the bank reported a net loss of Rs.853 crore compared to a profit of Rs.241 crore during the corresponding period last financial year. In the fourth quarter of financial year 2016-17, the bank had reported a loss of Rs.3,200 crore.
- While the reported loss was lower than the preceding quarter, bad loans continued to surge. In the quarter ending September 2017 the bank bounced back with a loss of Rs.198 crore compared to a loss of over Rs.2,000 crore in the previous quarter. The bank is expected to return to profit in the upcoming financial year.
- It currently has 3,702 ATMs, 1892 branches, including one overseas branch in Dubai, 58 e-lounges and 1407 centers.
- The bank has an aggregate balance sheet size of INR 3.74 trillion as on 31 March 2016″About us”. IDBI Bank. Retrieved 22 February 2014. On June 29, 2018 Life Insurance Corporation of India (LIC) has got a technical go-ahead from Insurance Regulatory and Development Authority of India (IRDAI) to increase stake in IDBI Bank up to 51%. LIC of India completed acquisition of 51% controlling stake in IDBI Bank on January 21, 2019 making it the majority shareholder of the bank. Subsequent to enhancement of equity stake by LIC of India on January 21, 2019, Reserve Bank Of India has clarified vide a Press Release dated March 14, 2019, that IDBI Bank stands re-categorized as a Private Sector Bank, with retrospective effect from January 21, 2019.
- Development Banking emerged after the Second World War and the Great Depression in the 1930s. The demand for reconstruction funds for the affected nations compelled in setting up of national institutions for reconstruction. At the time of Independence in 1947, India had a fairly developed banking system. The adoption of bank dominated financial development strategy was aimed at meeting the sectoral credit needs, particularly of agriculture and industry. Towards this end, the Reserve Bank concentrated on regulating and developing mechanisms for institution building. The commercial banking network was expanded to cater to the requirements of general banking and for meeting the short-term working capital requirements of industry and agriculture. Specialised development financial institutions (DFIs) such as the IDBI, NABARD, NHB and SIDBI were set up to meet the long-term financing requirements of industry and agriculture.
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