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.
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.
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 | Â | 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.
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.
Age Limit:
| Post Code | Post | Minimum Age Limit | Â Â Â Â Â Â Â Â Maximum Age Limit |
| 1 | Assistant Manager Credit | 20 | 30 |
| 2 | Manager Credit | 25 | 35 |
| 3 | Manager Security | 25 | 35 |
| 4 | Manager Forex | 25 | 35 |
| 5 | Manager Legal | 25 | 35 |
| 6 | Manager Dealer | 25 | 35 |
| 7 | Manager Risk Management | 25 | 35 |
| 8 | Senior Manager Risk | 27 | 37 |
Candidates must note that the age relaxation will be provided to SC, ST, OBC and government servants.
The following explains the Educational Qualification and Experience (Post Qualification) for the INDIAN BANK Specialist Officer Recruitment 2020.
Assistant Manager Credit
Educational Qualification:Â 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:Â 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:Â Graduate in any discipline from any University recognized by Govt of India.
Experience (Post Qualification):Â 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:Â 1.Graduate in any discipline and Post Graduate (2 years duration)Â 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):Â 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:Â 1.Graduate in any discipline and Post Graduate (2 years duration)Â 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):Â 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:Â 1.Graduate in any discipline and Postgraduate (2 years duration) in any of the following:
Business /Â Management /Â Finance /Â Banking /Â Statistics /Â Econometrics
Post Qualification:Â Minimum 1-year Experience in Credit at Public / Private / Foreign Banks.
Senior Manager Risk Management
Educational Qualification:Â 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.Â
SC /ST / PWBD Candidates – Rs.100/- + GST (Only Intimation Charges)
Others – Rs.600/- + GST Â
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 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 | |
| Â | Total | 210 | 200 | Â |
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 | |
| Â | Total | 200 | 200 | Â |
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.
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