IDBI Recruitment 2021 Assistant Manager Grade A 650 Vacancies

August 12, 2021

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IDBI Recruitment 2021 Assistant Manager Grade A 650 Vacancies

Industrial Development Bank of India Recruitment 2021 has released a Notification for 650 Assistant Manager Grade A Posts. industrial Development Bank of India was established in 1964 by an act to provide credit and other financial facilities for the development of the fledgling Indian industry. It is a development finance institution and a wholly-owned subsidiary of Life Insurance Corporation. Many national institutes find their roots in IDBI like SIDBI, India Exim Bank, National Stock Exchange of India, and National Securities Depository Limited.

Initially, it operated as a subsidiary of the Reserve Bank of India and later RBI transferred it to the Government of India. On 29 June 2018, the Life Insurance Corporation of India (LIC) got a technical go-ahead from the Insurance Regulatory and Development Authority of India (IRDAI) to increase its stake in IDBI Bank by up to 51%. LIC completed the acquisition of 51% controlling stake on 21 January 2019 making it the majority shareholder of the IDBI Bank. Reserve Bank of India clarified, via a press release dated 14 March 2019, that IDBI Bank stands re-categorized as a Private Sector Bank for regulatory purposes with effect from 21 January 2019.

Development Banking emerged after the Second World War and the Great Depression in the 1930s. The demand for reconstruction funds for the affected nations compelled in setting up of national institutions for reconstruction. At the time of Independence in 1947, India had a fairly developed banking system. The adoption of a bank-dominated financial development strategy was aimed at meeting the sectoral credit needs, particularly of agriculture and industry.

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IDBI Recruitment 2021 Important Dates:

Starting Date: 10 August 2021

Last Date: 22 August 2021

Online Test Date: 04 September 2021

IDBI Recruitment 2021 Vacancy Details:

Here is the IDBI Recruitment 2021 vacancy details are mentioned below.

Assistant Manager Grade A – 650 Vacancies

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Eligibility Criteria for IDBI Recruitment 2021:

Eligibility Criteria for IDBI Recruitment 2021 are mentioned below.

Minimum – 21 Years
Maximum – 28 Years

Educational Qualification For IDBI Recruitment 2021:

The educational qualification for IDBI Recruitment 2021 is mentioned below.

Candidates should have passed in Degree or equivalent qualification from a recognized University.

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Selection Process IDBI Recruitment 2021:

The selection process for IDBI Recruitment 2021 post was made on the basis of the Online Test & Personnel Interview.

Test Name	Questions	Marks	Time
Quantitative Aptitude	40	40	2 Hours
Logical Reasoning, Data Analysis, Interruption	60	60
General, Economy, Banking Awareness	40	40
English Language	40	40