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IDBI Assistant Manager Overview

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IDBI Assistant Manager 2024 Overview

IDBI (Industrial Development Bank of India) will release the notification for Assistant Manager. This is an excellent opportunity for banking aspirants who are looking for a government job in the banking sector. You will find all the relevant information related to this notification here. Have a look:

IDBI Assistant Manager 2024 Overview

TypePublic
Traded as
  • BSE: 500116
  • NSE: IDBI
IndustryFinancial services
PredecessorIndustrial Development Bank of India
Founded1 July 1964; 58 years ago
Founder

Government of India

(by the IDBI Act, 1964)

HeadquartersIDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai, Maharashtra, India
Key people
  • M. R. Kumar (Chairman)
  • Rakesh Sharma (MD & CEO)
Products
  • Investment banking
  • Commercial banking
  • Retail banking
  • Asset Management
  • Pensions
  • Mortgages
  • Credit cards
Revenue₹24,504 crore (US$3.1 billion) (2021)
Operating income₹2,484 crore (US$310 million) (2021)
Net income₹1,514 crore (US$190 million) (2021)
Total assets₹300,713 crore (US$38 billion) (2021)
Total equity₹24,455 crore (US$3.1 billion) (2020)
Owner

Life Insurance Corporation of India (49.24%)

Government of India (45.5%)

Number of employees17,736 (March 2021)
Subsidiaries
  • IDBI Capital Markets & Securities
  • IDBI Intech
  • IDBI Asset Management
  • IDBI MF Trustee Company
  • IDBI Trusteeship Services
Capital ratio13.31%
Websitewww.idbibank.in 

IDBI AM Notification 2024

The notification PDF of IDBI AM has release on the official website. This notification has all the important details such as details of vacancies, exam pattern, eligibility criteria, important dates etc. Please go through each item carefully as overlooking of any fact may lead to the cancellation of your candidature. Let's have a look at all the important details.

IDBI AM Notification 2024 Overview

OrganisationIndustrial Development Bank of India (IDBI)
Post NameAssistant Manager
VacanciesTo be notified
Online RegistrationTo be notified
Probation Period1 Year 
Educational QualificationGraduate 
ExperienceMinimum 2 years of experience in Banking financial service and Insurance Sector
Age21 - 30
Selection ProcessOnline Test (OT) => Document Verification (DV) => Personal Interview (PI) => Pre Recruitment Medical Test (PRMT)
Pay Scale36000- 1490(7)- 46430- 1740(2)– 49910– 1990(7)- 63840(17 years)
Official Websitehttps://www.idbibank.in/

IDBI AM 2023 Vacancies

Have a look at the category-wise vacancies details below:

Total Number of Vacancies #Reserved for
Unreserved (UR)

 

SC

 

ST

 

OBC

 

EWS

PWD
VIHIOHMD/ID
6002441901789608888

IDBI AM 2024 Important Dates

Have a look at the list of important dates provided below. Please note that you should apply well in advance and not wait for the last date. Also, considering the fact that IDBI AM exam will be held in the various exam centers, you should get started with your preparation as well.

S. No.ActivityDate
1.Cut-off date for eligibility criteria of Age & QualificationTo be notified
2.Online Registration (only)

 

To be notified

3.Payment of Application Fee/ Intimation Charges – (Online mode only)
4.Tentative Date of Online Test*To be notified

IDBI AM Eligibility Criteria 2024

Educational Qualification

Graduate from a recognized university. 

Note:

  1. Passing only a diploma course will not be considered as qualifying the eligibility criteria.
  2. The candidate must possess valid Mark-sheets (year/semester wise or consolidated) and Degree/ Provisional Degree Certificate issued by the University showing that he/ she is a graduate as on January 01, 2023 before registration.
  3. Computer  Literacy:  Operating  and  working  knowledge  of  computer  is mandatory i.e. candidates should have Certificate/ Diploma/ Degree in computer operations/ Language/ should have studied Computer / Information    Technology    as    one    of    the    subjects in the High School/ College/ Institute.

Age Limit

  • Minimum: 21 years
  • Maximum: 30 years

In other words, the candidate must have been born not earlier than January 02, 1993 and not later than January 01, 2002 (both dates inclusive).

Relaxation in Upper Age Limit

Sr.

No.

 

Category

Maximum

Age relaxation

1Scheduled Caste/Scheduled Tribe5 years
2Other Backward Classes Non-Creamy Layer (NCL)3 years
3Persons With Benchmark Disabilities as defined under "The Rights of Persons with Disabilities Act, 2016 "10 years

 

 

 

4

Ex-Servicemen, Commissioned Officers including Emergency Commissioned Officers (ECOs)/ Short Service Commissioned Officers (SSCOs) who have rendered at least 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within one year from the last date of receipt of application) otherwise than by way of dismissal or discharge on account of misconduct

or inefficiency or physical disability attributable to military service or invalidment.

 

 

 

5 years

5Persons affected by 1984 riots5 years

Work Experience

Minimum 2 years of experience in Banks and financial service (including but not limited to Micro Finance Institutions/ Non Banking Financial Companies/ Cooperative Banks/ Regional Rural Banks/ Fintech Companies) & Insurance Sector. Experience should be Full time & as a permanent employee (Experience below 06 months in any organization will not be reckoned).

Note:

Experience through an outsourcing vendor, service provider, KPO/BPO / IT support services provider or any akin / similar entity , third party payrolls, On contract (any entity) will not be considered.

IDBI AM Selection Procedure 2024

Online Test (OT) => Document Verification (DV) => Personal Interview (PI) => Pre Recruitment Medical Test (PRMT).

Online Test Exam Pattern

Sr.

No.

Name of the Test/SectionNo. of QuestionsMaximum MarksDuration
1.Logical Reasoning, Data Analysis & Interpretation6060

 

 

Composite time of 2 hours

2.English Language4040
3.Quantitative Aptitude4040
4.General/Economy/Banking Awareness/ Computer/IT6060

Note:

  1. The above tests except the tests of English Language will be available bilingually, i.e. English and Hindi.
  2. Candidates have to qualify in each of the four tests/ sections, by securing cut-off marks as decided by the Bank.
  3. For each question for which a wrong answer has been given by the candidate, one fourth or 0.25 of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is marked by the candidate; there will be no penalty for that question.
  4. The category wise merit/wait list of the candidates will be prepared as per the following formula: Final Score = 3/4 of Online Test Score +1/4 of Interview Score

How To Apply Online For IDBI AM 2024 

Candidates can apply through online application on the official website. Application in any other mode will not be accepted.

Application Fee

  • Rs 200/- for SC/ST/PWD candidates (Only Intimation Charges)
  • Rs 1000/- for all other candidates (Application Fees and Intimation Charges)

IDBI AM Cut Off 2024

IDBI Assistant Manager Category-wise Cut Off 2022

CategoryCut Off (Out of 200)
SC62.25
ST59.5
OBC74.75
EWS74.25
UR74.75
OH61
VI79.25
HI34.5
MD/ID28.25

IDBI Assistant Manager Sectional Cut Off 2022

CategoryLogical Reasoning (60)English Language (40)Quantitative Aptitude (40)General Awareness (60)
SC, ST, OBC & PWD3.005.755.251.25
UR & EWS7.509.758.503.25

IDBI Assistant Manager Category-wise Cut Off 2021

CategoryCut Off 
SC77.25
ST67.75
OBC85.50
EWS85.50
UR85.50

IDBI Assistant Manager Sectional Cut Off 2021

CategoryLogical Reasoning (60)English Language (40)Quantitative Aptitude (40)General Awareness (60)
SC, ST, OBC & PWD5.255.005.754.50
UR & EWS11.008.509.758.25

IDBI Assistant Manager Category-wise Cut Off 2019

CategoryIDBI Assistant Manager Cut Off 2019
SC122.25
ST111
OBC132
EWS133.25
UR140.25

IDBI Assistant Manager Sectional Cut Off 2019

SectionSCSTOBCEWSGeneral
English (40)13.2113.2113.2117.5917.59
Reasoning (60)26.6126.6126.6133.0933.09
Quantitative Aptitude (40)11.3911.3911.3916.6816.68
Banking Awareness (60)9.719.719.7113.6013.60

IDBI Assistant Manager Category-wise Cut Off 2017

CategoryIDBI Assistant Manager Cut-off 2017
SC64
ST47.75
OBC73.25
UR75.75

IDBI Assistant Manager Section-wise Cut Off 2017

SectionSCSTOBCGeneral
English (40)4.254.254.257
Reasoning (60)8.758.758.7512.25
Quantitative Aptitude (40)88810.5
Banking Awareness (60)7.257.257.2511.25

IDBI AM 2024 Career Prospects & Emoluments

The basic pay to a candidate after joining as an IDBI AM will be Rs 36,000 per month in the pay scale of 36000- 1490(7)- 46430- 1740(2)– 49910– 1990(7)- 63840(17 years). Initial appointment in the post of Assistant Manager is on probation for a period of 1 year from the date of joining the Bank (which can be extended at the discretion of the Bank). 

Exam Date

To be notified

Total Vacancies

To be notified

Pricing Plan

Flexible pricing options for all the aspirants
Recommended
IDBI PGDBF AM

₹ 199

30th April, 2023
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FAQs

Do I need any work experience to apply for the IDBI Assistant Manager post?

Yes! Minimum 2 years of experience in Banks and financial service (including but not limited to Micro Finance Institutions/Non Banking Financial Companies/ Cooperative Banks/Regional Rural Banks/Fintech Companies) & Insurance Sector.

Is negative marking applicable in the IDBI Executive recruitment examination? +

Yes, negative marking is applicable. For every wrong answer, 0.25 mark will be deducted.

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