SIDBI Assistant Manager

SIDBI Assistant Manager: A Premier Career in Development Banking

The Small Industries Development Bank of India (SIDBI) recruits for the post of Assistant Manager (Grade 'A'), offering a prestigious career in the apex regulatory body for licensing and regulation of micro, small, and medium enterprise finance companies in India. This role is not just a job but a responsibility to contribute to the nation's economic growth by fostering the MSME sector. A career as a SIDBI Grade A officer is highly sought after for its challenging work profile, attractive salary, and immense growth prospects.

Salary, Perks, and Career Progression

A career as a SIDBI Assistant Manager offers an excellent remuneration package and a fast-tracked growth path.

Salary and Allowances: The SIDBI Grade A officer post comes with a highly competitive salary. The pay scale is attractive, and in addition to the basic pay, officers are entitled to a wide range of allowances, including Dearness Allowance, House Rent Allowance, and other perquisites. The overall monthly emoluments are among the best in the financial sector.

Job Profile and Responsibilities: The role involves working on policies and programs for the development of the MSME sector, credit appraisal of proposals, and monitoring of projects. It is a dynamic role that offers exposure to various facets of development banking.

Career Growth: SIDBI offers excellent career progression opportunities. An Assistant Manager can rise through the ranks to become Manager, Assistant General Manager, and beyond, based on performance and internal promotional policies. The learning and development opportunities are immense, making it a fulfilling career for ambitious individuals.

SIDBI Assistant Manager Selection Process

The selection process is a rigorous multi-stage procedure designed to select the best talent.

• Phase 1 - Online Examination (Objective & Descriptive): This stage consists of an objective test with multiple-choice questions on subjects like Reasoning, English, Quantitative Aptitude, and General Awareness (with a special focus on the banking and financial sector). It is followed by an online descriptive test to assess writing skills. [23]
• Phase 2 - Interview: Candidates who qualify the online examination are shortlisted for a personal interview. The interview panel assesses the candidate's domain knowledge, personality, and suitability for a managerial role in a development financial institution. [18]

Key Eligibility Criteria

• Education: A Bachelor’s or Master’s Degree in specific disciplines like Commerce, Economics, Law, or Engineering with a minimum percentage of marks, or professional qualifications like CA, CS, CFA, CMA / ICWA are required. [28]
• Age Limit: The age limit is generally up to 30 years, with relaxations for reserved categories as per government guidelines. [28]

How to Apply for SIDBI Assistant Manager

The application process for SIDBI Grade A is conducted online through the official website.

1. Visit the Official Website: Go to the SIDBI official website (www.sidbi.in) and navigate to the 'Careers' section.
2. Find the Recruitment Notification: Look for the advertisement for "Recruitment of Officers in Grade 'A' – General Stream" and read it carefully.
3. Register Online: Click on the "Apply Online" link. New users must complete the registration process by providing their name, contact details, and email ID to get a provisional registration number and password. [18]
4. Fill the Application Form: Log in with the credentials and fill out the application form with all the required details.
5. Upload Documents: Upload scanned copies of your photograph, signature, left thumb impression, and a handwritten declaration as per the specifications. [18]
6. Pay Application Fee: Pay the application fee online using a debit card, credit card, or net banking. [18]
7. Final Submission: After verifying all the details, submit the form and take a printout of the e-receipt and the final application form for your records.