Recruitment of 100 Officers in SIDBI Grade ‘A’– General Stream: 2016


Recruitment of 100 Officers in SIDBI Grade ‘A’– General Stream: 2016

Recruitment of Officers in Grade ‘A’– General Stream: 2016

Candidates are advised to apply ONLINE, through Bank’s web site at after carefully going through all the instructions contained in this application and general instructions given in this advertisement. No other means /mode of Application / Printout will be accepted.

Important Dates
Opening of On line Registration Gateway/payment of fees December 21, 2015
Closing of On-line Registration Gateway/payment of fees January 11, 2016
Cut- off date for determining Eligibility Criteria with regard to age December 21, 2015

Cut-off date for determining Eligibility Criteria with regard to educational qualification January 11, 2016

SIDBI is the Principal Financial Institution set up under an Act of Parliament for promotion, financing and development of MSME sector in India and has recently celebrated Silver Jubilee year of its existence. Micro, Small and Medium Enterprises (MSMEs) in the last six decades have contributed to creativity, innovation and dynamism in the industrial sector which has led to the spread of industrial development across the country. The Bank’s Mission is to ‘To facilitate and strengthen credit flow to MSMEs and address both financial and developmental gaps in the MSME eco-system’. The Bank is working with the Vision ‘To emerge as a single window for meeting the financial and developmental needs of the MSME sector to make it strong, vibrant and globally competitive, to position SIDBI Brand as the preferred customer friendly institution and for enhancement of shareholders wealth and highest corporate values through modern technology platform’.

The Bank believes that its people, process and technology are the key drivers for delivering customer service. The Bank firmly believes that its Human Resources are its most valuable asset.

The Bank invites applications from all eligible and suitable candidates for the post of Assistant Manager (Grade ‘A’– General Stream) as indicated below

Name of Post- Assistant Manager Grade ‘A’
Pay scale-Minimum Gross emoluments (p.m.)-General Stream-17100 – 1000 (11) – 28100 – EB – 1000 (4) -32100 – 1100 (1) – 33200 (17 years) ` 36,000/- approx
No. of total vacancies-100-1-15-8-27-4*- 4*
Post Code-Vacancies reserved for-SC-ST-OBC-PwD*-VI OC

* Posts reserved for VI and OC. The post is not suited for HI.
1. (i) The designation/name of the post mentioned above is only indicative. The Bank reserves the right to change the designation/name of post at any time without notice.

2 (ii) SIDBI reserves the right to draw wait lists of candidates and consider such wait listed candidate(s) for meeting actual requirement. Offers could be issued in phases as per the requirement of the Bank.

(iii) The total number of vacancies, which includes Un-Reserved (UR) as also reserved vacancies mentioned above, is provisional and may vary depending upon actual requirement of the Bank. The vacancies SC/ST/OBC/PwD categories include backlog and shortfall in respective categories. The exact number of reserved vacancies indicated above may vary depending upon the actual number of offers issued / number of candidates actually joining.

(iv) OBC applicants falling under ‘Creamy Layer’ on the date of closure of ‘On Line’ registration gateway will be treated as unreserved. Such candidate should apply under General Category.

(v) It is clarified that it may not be possible to employ candidates with disability in all offices / departments of the Bank and they will have to work in the post / centres as decided by the Bank in this regard.

(vi) The Bank may allow inter-se exchange of reservation between the OC and VI candidates, if suitable applicants of a specified category are not available.

(vii) As per the existing guidelines of the Bank, candidates having already qualified JAIIB / CAIIB (prior to joining SIDBI) will be eligible to be considered for grant of one / two advance increments in the pay scale subject to production of
documentary evidence to the satisfaction of the Bank in this regard.

(viii) The Bank, at its discretion, may grant not more than 4 advance increments (including JAIIB/CAIIB increments) in the pay scale in which the candidate has been offered the post, to such candidates who possess good academic qualification or special experience of value to the Bank. However, such requests shall be examined on case to case basis by the Bank only after the candidate has reported for duty and submission of necessary documentary evidence as required by the Bank. The decision of the Bank for grant of such advance increments or otherwise as also the date of grant of such advance increments shall be final and binding on the candidate and no correspondence in this regard shall be entertained.

(ix) Besides emoluments as per the pay scale given above, the posts indicated above shall carry other facilities like pension, gratuity, leave fare concession (once in two years for self, spouse and eligible dependents), reimbursement of medical
expenses, vehicle maintenance expenses/allowance, lounge expenses, telephone expenses, newspaper, book grant, education expenses, allowance for furnishing the residence, interest free festival advance upto one month’s gross emoluments, Bank’s accommodations or Leased flat facility in lieu thereof, Loans and Advances at concessional rates for car, housing, personal computer/tablets etc; as per the Bank’s rules. Candidates selected for the post will be governed by “the defined contribution New Pension Scheme (NPS)’.

(x) The above post is also open for staff employed in SIDBI. The Bank reserves the right to give them suitable relaxation/concessions in upper age limit, application fee etc. as deemed fit by the Bank.

(xi) The Definitions of Disabilities and the Degree of Disability for availing benefits of Reservation shall be in accordance with instructions issued by Government of India from time to time. Candidates may like to visit web site of Ministry of Social Justice and Empowerment, Government of India for further details in this regard.

(xii) The selected candidate will be required to execute a Service Bond undertaking to serve the Bank for a period of 3 years or to pay the Bank a sum of `2 Lakh in case he/she leaves the Bank before the completion of the 3 year service period.

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