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Banking Job in Small Industries Development Bank of India For 100 Assistant Manager Post in 2016


Small Industries Development Bank of India (SIDBI) Head Office – Lucknow posted a recruitment advertisement to invite all eligible Indian candidates to apply Online for the post of 100 Assistant Manager in 2016.

Table of Contents:
 1 Post Details
 2 Salary Details
 3 Eligibility
 4 Selection Procedure
 4.1 Application Fee
 4.2 How to Apply
 5 About Company/Institution
 6 Latest News

Commencement of online registration – 21/12/2015
Last date to apply – 11/01/2016

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Small Industries Development Bank of India (SIDBI)
Recruitment 2016

Into the table below you can see the name of the post, category wise vacancies and then the total number of posts as advertised into the original recruitment advertisement notification of Small Industries Development Bank of India (SIDBI).

 Name of Post UR OBC SC ST PWD
Assistant Manager
Grade ‘A’ – General Stream
 42 27 15 08 08

Total number of post – 100

Monthly Salary for Assistant Manager

  • Rs. 36,000/- approx per month

Eligibility Terms

Age: 21 to 28 years (as on 21/12/2015).

Education: Bachelor’s or Master’s Degree with minimum 60% (55% for SC/ST) marks in aggregate in any stream from a recognized University / Institute or Preference would be given to candidates possessing professional qualification like CA, CS, ICWA, CFA, MBA, Engineering and Diploma in Banking from a recognized Institute.

Selection Procedure

  • Online Examination
  • Personal Interview

Application Fee

Category  Application fee Intimation Charges Total Amount
 UR / OBC Rs. 450/- Rs. 50/- Rs. 500/-
SC / ST / PwD NIL Rs. 50/- Rs. 50/-
Staff Candidates NIL NIL NIL

Note* – Payment should be made by Online process mode using Debit Cards (RuPay / Visa / MasterCard / Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards / Mobile Wallets

How to Apply for Vacancy in Small Industries Development
Bank of India (SIDBI)

  1. Download the Advertisement
  2. Read the Advertisement Carefully
  3. Register Online
  4. Complete Application Form
  5. Submit the Fee
  6. Print the Complete Application Form & Fee Receipt

About the Small Industries Development Bank of India (SIDBI)

Small Industries Development Bank of India is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. Set up on April 2, 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India. Currently the ownership is held by 33 Government of India owned / controlled institutions.[1] Beginning as a refinancing agency to banks and state level financial institutions for their credit to small industries, it has expanded its activities, including direct credit to the SME through 100 branches in all major industrial clusters in India. Besides, it has been playing the development role in several ways such as support to micro-finance institutions for capacity building and onlending. Recently it has opened seven branches christened as Micro Finance branches, aimed especially at dispensing loans up to 5 lakh.

It is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.

SIDBI has also floated several other entities for related activities. Credit Guarantee Fund Trust for Micro and Small Enterprises provides guarantees to banks for collateral-free loans extended to SME. SIDBI Venture Capital Ltd. is a venture capital company focused at SME. SME Rating Agency of India Ltd. (SMERA) provides composite ratings to SME. Another entity founded by SIDBI is ISARC – India SME Asset Reconstruction Company in 2009, as specialized entities for NPA resolution for SME.

Organization Name Small Industries Development
Bank of India (SIDBI)
Founded at April 2, 1990
Headquarters Lucknow
Website www.sidbi.com

Latest News of Small Industries Development Bank of India (SIDBI)

SIDBI VC invests in cash management startup RCI – MUMBAI: The venture capital unit of Small Industries Development Bank of India has invested an undisclosed amount in RCI Cash Management Services, a three-year-old startup that plans to use the fund to expand its services to banks and ATM service providers.

RCI, which currently provides cash replenishment services covering about 5,000 ATMs, is aiming to expand it to 45,000 ATMs in the next few years.

The startup is fully owned by the founders, Sudip Kumar and Pawan Gupta, and some of their family members.

SIDBI VC has made the investment through convertible instruments and the exact stake it would get in the startup will be decided only after a year or two, people close to the matter said.

With a cash-to-GDP ratio of about 12, India is still a cash-driven economy, industry trackers said. “Also, the growth of ecommerce’s cash-on-delivery option is driving the cash replenishment business for companies like RCI Cash Management Services,” said Meenal vice president of investment banking at Intellecap. The firm advised RCI in the deal.

One of the founders, Kumar, quit his job at Tata Communications Banking InfraSolutions (now Tata Communications Payment Solutions) in November 2012 to start RCI. Kumar and Gupta, who had founded logistics firm RCI Logistics, came together to start RCI Cash Management.

News Credit : economictimes.indiatimes.com

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