Last Date:03 May,2021
Industrial Development Bank of India (IDBI)
Maharashtra
Industrial Development Bank of India (IDBI Bank) is inviting eligible candidates to apply for 6 contractual posts of Chief Data Officer, Head and Variou.Interested Eligible Candidates may send their applications as per prescribed format to concerned E-mail address by 03-05-2021 . All the relevant documents must be sent alongwith application form, as proof of suitability for the posts. Email subject must be formed properly, containing name of post applied for.
Employment Notification 06 Chief Data Officer, Head and Variou Vacancy – IDBI,Maharashtra
JOB DETAILS:
Name of the post– Chief Data Officer, Head and Variou
No of post – 06
Pay Scale – Rs 40 lac to Rs 45 lac
Educational Qualification:
Full-time Master or Bachelor degree in any engineering discipline or MCA and 18-20 yrs experience.
Apply to 06 Chief Data Officer, Head and Variou Vacancy – IDBI,Maharashtra
General Instruction:
- Before submitting the application form, the candidates must ensure that they fulfill all the eligibility criteria with respect to age, educational qualifications, experience, etc. as stated in this advertisement. If the candidates are not eligible, their candidature will be cancelled at any stage of
the recruitment. If the candidate qualifies in the selection process and subsequently it is found that he or she does not fulfill the eligibility criteria, his or her candidature will be cancelled and if appointed, services would be terminated without any notice or compensation. - Candidates are required to send their application to “recruitment@idbi.co.in” mentioning the Name of the Post in the subject line.
- Not more than one application should be submitted by any candidate. In case of multiple applications only the last (complete) application will be retained. Multiple attendance/ appearances at the time of PI will be summarily rejected/ candidature cancelled.
- IDBI Bank reserves the right to modify or amend or reverse or cancel any or all of the provisions of the recruitment process including eligibility criteria.
- IDBI Bank may at its sole discretion, re-hold PI or additional PI, wherever necessary in respect of a center or venue or specific candidates(s) and/or all centers or all candidates.
- Any resultant dispute arising out of this advertisement and the selection process shall be subject to the sole jurisdiction of the Courts situated in Mumbai only.
- Candidates are required to send their application to “recruitment@idbi.co.in” mentioning the Name of the Post in the subject line.
- Intimation will be sent to the candidate’s email ID/ Mobile Number specified in the application form. If candidates do not receive the email / SMS intimations at the email ID/ Mobile number specified by them, they may consider that their application has not been successfully registered.
- An application which is incomplete in any respect such as without photograph and signature uploaded in the application form will not be considered as valid.
- Any information submitted by a candidate in his/ her application shall be binding on the candidate personally and he/ she shall be liable for prosecution/ civil consequences in case the information/ details furnished by him/ her are found to be false at a later stage.
Selection Process:
Vacancy Notice 06 Chief Data Officer, Head and Variou Vacancy – IDBI,Maharashtra
- The selection process will comprise of:-
- Preliminary screening and shortlisting based on the eligibility criteria, candidate’s qualifications, suitability/ experience, etc. submitted with the applications.
- The candidature, after preliminary screening and without verification of documents, will be provisional for all grades and will be subject to verification of all details/ documents with the originals when a candidate reports for PI (if called).
- Only such shortlisted candidates will be called for Personal Interview, subject to the vacancies available under the respective post. Candidates who qualify in Personal Interview and are sufficiently high in the merit list will be shortlisted for further selection.
- The center & address of the venue, time and date of interview will be informed to the shortlisted candidates through e-mail / call letter and candidates have to attend the same at their own cost. Request for change of center/date/time will not be entertained. However, the Bank reserves
its right to change/ add/ cancel the date, time, center, venue for the PI or hold supplementary selection process on particular date/ session/ venue/ center for set of candidates at its discretion, under unforeseen circumstances, if any. The changes, if any, shall be intimated to the
candidates through Bank’s website and/or candidate’s registered email in advance. - Selection will be on the basis of marks secured by the candidate in PI. Bank may change the mode of selection depending upon the number of suitable candidates.
- The final selection of candidate is subject to qualification in PI, being sufficiently high in the merit list, being declared medically fit as per the Bank’s standards of fitness and fulfilling the stipulated eligibility criteria as on the cut-off date.
- In case, more than one candidate scores the cut off marks (common mark at cut off point); such candidates will be ranked according to their age in descending order.
- Mere eligibility, admission/qualification in PI does not imply that the Bank is satisfied beyond doubt about the candidate’s eligibility and it shall not vest any right in a candidate for selection. The Bank would be free to reject the candidature of any candidate at any stage of recruitment process, if he/she is found to be ineligible and/or furnished incorrect or false information/ certificates/ documents or has suppressed any material facts. If appointed, such a candidate may be summarily removed from the services of the Bank.
- The PI may be held at the Bank’s Corporate Office in Mumbai or virtually. While appearing for PI, if called, the candidate should produce valid prescribed documents given below. In the absence of documents candidature of the candidates shall be cancelled. Bank takes no responsibility to receive/ collect any certificate/remittance/ document sent separately
About Us:
- Industrial Development Bank of India (IDBI Bank Limited or IDBI Bank or IDBI) 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 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, Life Insurance Corporation of India (LIC) got a technical go-ahead from the Insurance Regulatory and Development Authority of India (IRDAI) to increase stake in IDBI Bank 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.
- The bank has an aggregate balance sheet size of 3.74 trillion as on 31 March 2016.It has 3,683 ATMs, 1,892 branches, including one overseas branch in Dubai, 58 e-lounges and 1,407 centers as of 1 February 2020.
- 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 bank dominated financial development strategy was aimed at meeting the sectoral credit needs, particularly of agriculture and industry. Towards this end, the Reserve Bank concentrated on regulating and developing mechanisms for institution building. The commercial banking network was expanded to cater to the requirements of general banking and for meeting the short-term working capital requirements of industry and agriculture. Specialized Development Financial Institutions (DFIs) such as the IDBI, NABARD, NHB and SIDBI were set up to meet the long-term financing requirements of industry and agriculture.
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