SIDBI Bank Recruitment 2024 Overview
| SIDBI Recruitment 2024 | |
| Organisation | Small Industries Development Bank of India |
| Post Name | Assistant Manager (Grade-A) and Manager (Grade-B) |
| Stream | General and Specialist Stream |
| Advt. No. | 07/Grade ‘A’ and ‘B’ / 2024-25 |
| Vacancy | 70 |
| Category | Govt. Jobs |
| Application Mode | Online |
| Online Registration | 8th November to 2nd December 2024 |
| Exam Level | National |
| Selection Process | Phase 1 Examination Phase 2 Examination Group Discussion and Interview |
| SIDBI Salary | Grade A- Rs. 1,00,000/- Grade B- Rs. 1,15,000/- |
| Official website | https://www.sidbi.in/ |
SIDBI Grade A 2024 Important Dates
| SIDBI Grade A Recruitment 2024- Important Dates | |
| Events | Dates |
| SIDBI Grade A Notification 2024 Release | 8th November 2024 |
| SIDBI Grade A Online Application Begins | 8th November 2024 |
| Last date to apply online for SIDBI Grade A | 2nd December 2024 |
| Last date to pay the application fee | 2nd December 2024 |
| Last date to print the application form | — |
| SIDBI Grade A Exam Date 2024 Phase 1 | 22nd December 2024 |
| SIDBI Grade A Exam Date 2024 Phase 2 | 19th January 2025 |
SIDBI Grade A Vacancy 2024
For the year 2024, 72 vacancies have been notified for Grade A and Grade B Posts. This year, SIDBI announced 50 vacancies for SIDBI Grade A Officer posts in General Stream and 22 Posts for Grade B posts through SIDBI Grade A Recruitment for which the category-wise distribution is as follows-
| SIDBI Grade A Assistant Manager Vacancy 2024 | |
| Category | Vacancies |
| UR | 23 |
| SC | 06 |
| ST | 04 |
| OBC | 14 |
| EWS | 03 |
| Total | 50 |
SIDBI Recruitment 2024 Application Fee
The candidates have to pay a requisite application fee while filling out their SIDBI Grade A and Grade B Application Form as per their category. The fees once paid will not be refunded.
| Category | Application Fee | Intimation Charges | Total Charges |
| Gen/ OBC/ EWS | Rs. 925/- | Rs. 175/- | Rs. 1100/- |
| SC/ST/ PwD | Nil | Rs. 175/- | Rs. 175/- |
| Staff Candidates | Nil | Nil | Nil |
SIDBI Grade A 2024 Eligibility Criteria
The applicant must fulfil the required SIDBI Eligibility criteria to be eligible to appear for SIDBI Grade-A and B 2024. Check education qualification and age limit required for SIDBI Grade A Recruitment 2024.
SIDBI Grade A Education Qualification (as on 8/11/2024)
The candidates must hold any of the below-mentioned degrees to be eligible to apply for SIDBI Grade A Recruitment 2024-
- Graduation in Commerce/ Economics/ Mathematics / Statistics/ Business Administration/ Engineering with minimum 60% marks (50% for SC/ST/PwBD applicants)
- Chartered Accountant (CA)/ Company Secretary (CS) / Certified Management Accountant (CMA/ ICWA)/ Chartered Financial Analyst (CFA)
- Bachelor’s degree in Law / Bachelor’s Degree in Engineering with a minimum of 60% marks (SC / ST / PwBD applicants – 55%) in aggregate from Universities / Institutions recognized by GoI / UGC / AICTE.
- MBA/ PGDM [in Any Discipline (the course must be of full time 2 years)] / from a University/ Institution recognized by the University Grant Commission (UGC) / Govt. of India/ approved by Govt. regulatory bodies.
SIDBI Grade A Work Experience
At least two years’ experience in credit dispensation in the areas of MSME/Corporate and lending to trading and small commercial loans etc.
OR
Candidates having atleast 2 years’ experience (core functioning) in (any one):
- Entities dealing in Investment Banking / Merchant Banking registered with SEBI
- Entities dealing in Alternative Investment Funds (AIFs) registered with SEBI
- Asset Reconstruction Companies (ARCs) registered with RBI
- Subsidiary of Scheduled Commercial Banks dealing in MSME segment
- Project management (viz. administration and implementation of projects/ Schemes of national importance) with consultancy firms of national stature having experience of consulting & project management in similar line for more than 10 years and should have specific experience of consulting/ Project management Government project implementation / Govt. Project management / Digital project related to lending / Consultancy for Govt. Projects.
SIDBI Grade B Education Qualification & Work Experience (as on 8/11/2024)
| Streams | Education Qualification | Work Experience |
| General | Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) OR Post-Graduation in any discipline / Equivalent technical or professional qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters / years. | At least Five years’ experience as an officer (permanent) in (any one):
|
| Legal | Bachelor’s degree in law from any University/ Institution, recognized by the University Grant Commission (UGC) / Govt. of India/ approved by Govt. regulatory bodies with a minimum of 50% (45% for SC/ST and PwBD candidates, if vacancies are reserved for them) marks or equivalent in the aggregate of all semesters/years and enrolled as an advocate with the Bar Council of India. | At least Five years’ work experience, post bachelor’s degree in law, as a Law Officer [permanent / on full time direct contract (not outsourced)] in the Legal Department of (any one):
|
| IT | Bachelor’s degree in engineering / technology in Computer Science/ Computer Technology/ Information Technology/ Electronics/ Electronics & Communications from a University/ Institution, recognized by the University Grant Commission (UGC) / Govt. of India/ approved by Govt. regulatory bodies with 60% marks (SC/ST/PWBD applicants 55%) in aggregate. OR MCA from a University/ Institution, recognized by the University Grant Commission (UGC) / Govt. of India/ approved by Govt. regulatory bodies with 60% marks (SC/ST/PWBD applicants 55%) in aggregate | At least Five years’ experience in Information Technology as an IT/ System officer [permanent / on full time direct contract (not outsourced)] in:
|
SIDBI Age Limit (as on 8/11/2024)
SIDBI Grade A Age Limit- Not below 21 years and not exceeding 30 years. (Candidates born not earlier than 08.11.1994 and not later than 09.11.2003 [both days including] are only eligible to apply)
SIDBI Grade B Age Limt- Not below 25 years and not exceeding 33 years. (Candidates born not earlier than 08.11.1991 and not later than 09.11.1999 [both days including] are only eligible to apply)
Age relaxation is provided for the reserved categories as per the government norms. See the table below:-
| Category | Age Relaxation |
| SC/ST | 5 years |
| Other Backward Classes(OBC), Non-Creamy layer (OBC-NCL) | 3 years |
| PWD (person with disabilities)(General) | 10 years |
| PWD (person with disabilities) (SC/ST) | 15 years |
| PWD (person with disabilities) (OBC) | 13 years |
| Ex-Service-men/ Disabled Ex-Service-men | 5 years |
| Persons affected by 1984 riots | 5 years |
SIDBI Recruitment 2024 Selection Process
A candidate will be shortlisted for SIDBI Grade A Assistant Manager and Grade B Manager posts upon his/her performance in the selection stages of the SIDBI Exam 2024. There will be three stage recruitment process conducted to recruit candidates for 70 Grade A and B vacancies.
Stage 1- Phase 1 Examination (Common for All Streams/Grades)
Stage 2- Phase 2 Examination (Separate for General and Specilist Stream)
Stage 3- Interview
The final selection and ranking of the applicants for the post of Assistant Manager in Grade ‘A’ (General Stream) and Manager in Grade ‘B’ (General & Specialist Stream) will be based on their performance in the Phase-II Examination and Interview
SIDBI Recruitment 2024 Exam Pattern
The phase 1 exam for SIDBI Recruitment 2024 is common for all streams and posts, however, the question varies in Stream Specific Tests. There will be a negative marking of ¼th mark (0.25 marks) for each incorrect answer.
| SIDBI Phase 1 Exam Pattern 2024 | ||||
| Subjects | Qualifying/Merit | No. of Questions | Marks | Duration |
| English Language | Qualifying | 30 | 30 | 120 minutes |
| Reasoning Aptitude | Qualifying | 25 | 25 | |
| Quantitative Aptitude | Qualifying | 25 | 25 | |
| Computer Knowledge | Qualifying | 20 | 20 | |
| General Awareness (With special reference to Banking and Financial Sector and Economic and Social Issues) | Merit Section | 20 | 20 | |
| MSMEs: Policy, Regulatory and Legal Framework; Finance and Management (with focus on MSME) | Merit Section | 30 | 30 | |
| Stream Specific Test | Merit Section | 50 | 50 | |
| Grand Total | 200 | 200 | ||
SIDBI Recruitment 2024 Salary
The basic salary of SIDBI Grade A Assistant Manager is Rs. 44500 with a pay scale of 44500 – 2500(4) – 54500 – 2850(7) – 74450 -EB – 2850(4) – 85850 – 3300(1) – 89150 (17 years). The net SIDBI Grade A salary is approx. Rs. 1,00,000/- per month including dearness allowances, house rent allowances, and other benefits.
The basic salary of SIDBI Grade B Assistant Manager is Rs. 55200 with a pay scale of 55200 – 2850 (9) – 80850 – EB – 2850 (2) – 86550 – 3300 (4) – 99750 (16 years). The net SIDBI Grade B salary is approx. Rs. 1,15,000/- per month including dearness allowances, house rent allowances, and other benefits.