IDBI Bank Recruitment | 600 Assistant Manager Post

IDBI Bank has invited the applications from candidates for the position of Assistant Manager post on 600 vacant seats. Interested candidates apply on or before 7th July 2019.

Employer : IDBI Bank
Job : Assistant Manager
No. of vacancies : 600
Location : All over India
Last date : 3rd July 2019   Last date extended till July 7
Date of online test : 21st July 2019

About IDBI Bank

IDBI BANK is a state owned bank which was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry. Initially it operated as a subsidiary of Reserve Bank of India before RBI transferred it to government of India. Many institutes of national importance finds their roots in IDBI like Sidbi, Exim bank, NSE and NSDL. The war cry for reforms in financial space saw GOI reducing its stake in the bank in the year 2019. At present LIC holds 51% stake in IDBI Bank and GOVT holds 46.46% and the remaining 2.54% held by public. For the first quarter of the current financial year 2017-18, the bank reported a net loss of Rs.853 crore compared to a profit of Rs.241 crore during the corresponding period last financial year. In the fourth quarter of financial year 2016-17, the bank had reported a loss of Rs.3,200 crore. While the reported loss was lower than the preceding quarter, bad loans continued to surge. In the quarter ending September 2017 the bank bounced back with a loss of Rs.198 crore compared to a loss of over Rs.2,000 crore in the previous quarter. The bank is expected to return to profit in the upcoming financial year.

Read : National Insurance Company Limited Recruitment 2019 | IT Expert Post

Requirements

  • Graduation from a recognised university
  • Age : 21 – 28

Application Fee : ₹150/- for SC/ST/PWD & ₹700/- for all others

How to Apply

Interested candidates apply online through the official website of IDBI Bank on or before 7th July 2019.

Notification

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