Indian Bank Specialist Officer Recruitment – Apply Now

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Indian Bank Specialist Officer Recruitment 2019

Indian Bank which is a leading bank headquartered in Chennai has announced the recruitment notification for the Specialist Officer Post for the year 2020.

There are totally 8 posts and the total number of vacancies available for the INDIAN BANK – SPECIALIST OFFICER 2020 is 138 Vacancies.

Aspirants are advised to check the full notification available at the end of this post to get clarified and not to miss any points regarding the INDIAN BANK – Specialist Officer Recruitment 2020.

Important Dates - Indian Bank SO Recruitment

On-line registration including Edit/Modification of Application by candidates – 22.01.2020 to 10.02.2020

Payment of Application Fees/Intimation Charges (Online) – 22.01.2020 to 10.02.2020

Download of call letters for online examination – 20.02.2020 onwards

Online Examination – 08.03.2020

A candidate can apply for only one post and not more than one application should be submitted by any candidate.

In the case of multiple Applications, only the latest valid (completed) application will be retained and the application fee/ intimation charges paid for the other multiple registrations (s) will stand forfeited.

Post & Vacancy Details - Indian Bank SO Recruitment

Name of the Post: Specialist Officer

Job Location: Anywhere in India

Total Vacancies: 138

Post wise Vacancy Segregation:

Post Name

Scale

Vacancy

Assistant Manager Credit

I

85

Manager Credit

II

15

Manager Security

II

15

Manager Forex

II

10

Manager Legal

II

2

Manager Dealer

II

5

Manager Risk Management

II

5

Senior Manager Risk Management

III

1

Total

 

138

Pay Scale:

Scale I – 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42020

Scale II – 31705 – 1145/1 – 32850 – 1310/10 – 45950

Scale III – 42020 – 1310/5 – 48570 – 1460/2 – 51490

DA, CCA, HRA / Leased accommodation, Leave Fare Concession, Medical Aid, Hospitalization Benefits, Retirement Benefits and other perquisites will be admissible as per the rules of the Bank.

Probation & Confirmation – Indian Bank Specialist Officer Recruitment

The selected candidates in Scale I posts will be on probation for a period of 2 years from the date of joining. Selected candidates in Scale II and III posts will be on probation for a period of 1 year from the date of joining. Their confirmation in the Bank‟s service will be decided in terms of the provisions of Indian Bank Officers Service Regulations, 1979.

Eligibility Criteria - Indian Bank SO Recruitment

Age Limit:

Post CodePostMinimum Age Limit         Maximum Age Limit
1Assistant Manager Credit2030
2Manager Credit2535
3Manager Security2535
4Manager Forex2535
5Manager Legal2535
6Manager Dealer2535
7Manager Risk Management2535
8Senior Manager Risk2737

Candidates must note that the age relaxation will be provided to SC, ST, OBC and government servants.

Educational Qualification - Indian Bank SO Recruitment

The following explains the Educational Qualification and Experience (Post Qualification) for the INDIAN BANK Specialist Officer Recruitment 2020.

Assistant Manager Credit

Educational Qualification: 1.Graduate in any discipline and Post Graduate (2 years duration) in any of the following:

Business / Management / Finance / Banking from a University / Institution /Board recognised by Government of India / Government regulatory bodies. OR

CA/ICWA/CFA from a University /Institution / Board recognised by Government of India / Government regulatory bodies wherever applicable.

Experience (Post Qualification): NIL


Manager Credit

Educational Qualification: Graduate in any discipline and Post Graduate (2 years duration) in any of the following:

Business / Management / Finance / Banking from a University / Institution /Board recognised by Government of India / Government regulatory bodies. OR

CA/ICWA/CFA from a University / Institution / Board recognised by Government of India / Government regulatory bodies wherever applicable.

Experience (Post Qualification): Minimum 1 Year of Experience in Credit in Public/Private/Foreign Banks


Manager Security

Educational Qualification: Graduate in any discipline from any University recognized by Govt of India.

Experience (Post Qualification): 5 years (either by way of pre or post qualification experience) as a Commissioned Officer in the Indian Army/Navy/Air Force OR Police Officer not below the rank of Deputy Superintendent of Police OR Assistant Commandant or equivalent Rank in Paramilitary Forces.


Manager Forex

Educational Qualification: 1.Graduate in any discipline and Post Graduate (2 years duration)  in any of the following:

Business / Management / Finance / Banking from a University / Institution /Board recognised by Government of India / Government regulatory bodies. OR

CA / ICWA / CFA from a University / Institution / Board recognized by the Government of India / Government regulatory bodies wherever applicable.

Experience (Post Qualification): Minimum 3 years of experience with Public Private / Foreign Banks in dealing in interbank and cross-currency deals/handling trade finance portfolio.


Manager Legal

Educational Qualification: A bachelor’s degree in law (LLB) and enrolled as an advocate with Bar Council.

Experience (Post Qualification): Enrolled as Advocate with Bar council and having 3 years of experience as practicing advocate at Bar. OR

Minimum of 3 years’ experience as Legal Officer in Public / Private / Foreign Banks.


Manager Dealer

Educational Qualification: 1.Graduate in any discipline and Post Graduate (2 years duration)  in any of the following:

Business / Management / Finance / Banking from a University / Institution /Board recognised by Government of India / Government regulatory bodies. OR

2.CA / ICWA / CFA from a University / Institution / Board recognised by Government of India / Government regulatory bodies wherever applicable.

Experience (Post Qualification): Minimum 3 years of experience in Public / Private / Foreign Banks in dealing in G Sec, Money Market, Equity, SLR and Non SLR.


Manager Risk Management

Educational Qualification: 1.Graduate in any discipline and Postgraduate (2 years duration) in any of the following:

Business / Management / Finance / Banking / Statistics / Econometrics

Post Qualification: Minimum 1-year Experience in Credit at Public / Private / Foreign Banks.


Senior Manager Risk Management

Educational Qualification: 1.Graduate in any discipline and Postgraduate (2 years duration) in any of the following:

Business / Management / Finance / Banking / Statistics / Econometrics / Economics / Risk Management / Mathematics from a University / Institution / Board recognised by Government of India / Government regulatory bodies. OR

Graduate in any discipline and FRM from GARP.

Experience (Post Qualification): Minimum 3 years of Experience in Public / Private / Foreign Banks of which 2 years’ experience in Risk Management Department. 

Application Fee - Indian Bank SO Recruitment

SC /ST /  PWBD Candidates – Rs.100/- + GST (Only Intimation Charges)

Others – Rs.600/- + GST  

Selection Procedure - Indian Bank SO Recruitment

The selection process for postcode 3, Manager Security will comprise of shortlisting of applications followed by an interview.

For other posts, the selection process will comprise of a test and personal interview.

Exam Pattern - Indian Bank SO Recruitment

Exam Pattern for Scale I and II posts (Post code 1,2,4,6 and 7)

S. No

Section

No of Questions

Max Marks

Duration

1

Reasoning

50

50

Composite Time of 2 Hours

2

English Language

50

50

3

Quantitative Aptitude

50

25

4

Professional Knowledge

50

75

 

Total

210

200

 
Exam Pattern for Post Code – 5

S. No

Section

No of Questions

Max Marks

Duration

1

Reasoning

50

50

Composite Time of 2 Hours

2

English Language

50

50

3

General Awareness with Special Reference to Banking Industry

50

25

4

Professional Knowledge (in Specific Vertical)

50

75

 

Total

200

200

 
For Scale III Post (Post code 8)

Name of Tests

No. of Questions

Max Marks

Duration

Professional Knowledge (in specific vertical)

60

100

1 hour

Important Notes:

The minimum qualifying mark in Test is 40 % for candidates belonging to unreserved / EWS category and 35% for candidates belonging to SC/ST/OBC/PWD categories.

In case, in the opinion of the bank, adequate number of candidates have not qualified by obtaining minimum marks as stipulated above in the online examination, bank reserves right to reduce the minimum marks as deemed fit.

Cut off marks in Test for calling the candidates for interview will be arrived as 3 times of vacancy for unreserved category and 5 times of vacancy for reserved category.

The minimum qualifying mark in interview is 40 % for candidates belonging to unreserved / EWS category and 35% for candidates belonging to SC/ST/OBC/PWBD categories.

The weightage for Test and Interview is 80:20 for Merit listing.

Important Links - Indian Bank SO Recruitment

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