INDIAN BANK – SPECIALIST OFFICER RECRUITMENT 2020 – 138 Vacancies

Dear Bankersdaily Aspirants,

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.

Posts Available – Indian Bank Specialist Officer Recruitment 2020

  1. Assistant Manager Credit
  2. Manager Credit
  3. Manager Security
  4. Manager Forex
  5. Manager Legal
  6. Manager Dealer
  7. Manager Risk Management
  8. Senior Manager Risk Management

Vacancies – Indian Bank Specialist Officer Recruitment 2020

The total number of vacancies available for the Indian Bank Specialist Officer Recruitment 2020 is 138.

Post Code Post Scale Vacancy SC ST OBC EWS UR
1 Assistant Manager Credit I 85 13 6 23 8 35
2 Manager Credit II 15 2 1 4 1 7
3 Manager Security II 15 2 1 4 1 7
4 Manager Forex II 10 1 1 2 1 5
5 Manager Legal II 2 0 0 1 0 1
6 Manager Dealer II 5 1 0 1 1 2
7 Manager Risk Management II 5 1 0 1 0 3
8 Senior Manager Risk III 1 0 0 0 0 1

Important Dates – 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.

Pay Scale – Indian Bank Specialist Officer Recruitment 2020

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.

Age Limit – Indian Bank Specialist Officer Recruitment 2020

Post Code Post Minimum Age Limit          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

Educational Qualification – Indian Bank Specialist Officer Recruitment 2020

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

  1. Assistant Manager Credit

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

  1. Business
  2. Management
  3. Finance
  4. 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): NIL

  1. Manager Credit

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

a.Business

b.Management

c.Finance

d.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 1 Year of Experience in Credit in Public/Private/Foreign Banks

  1. 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.

  1. Manager Forex

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

a.Business

b.Management

c.Finance

d.Banking from a University / Institution /Board recognised by Government of India / Government regulatory bodies.

OR

2.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.

  1. 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.

  1. Manager Dealer

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

a.Business

b.Management

c.Finance

d.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.

  1. Manager Risk Management

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

a.Business

b.Management

c.Finance

d.Banking

e.Statistics

f.Econometrics

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

  1. Senior Manager Risk Management

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

  1. Business
  2. Management
  3. Finance
  4. Banking
  5. Statistics
  6. Econometrics
  7. Economics
  8. Risk Management
  9. Mathematics from a University / Institution / Board recognised by Government of India / Government regulatory bodies

OR

  1. 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.

Probation & Confirmation – Indian Bank Specialist Officer Recruitment 2020

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.

SELECTION PROCEDURE – Indian Bank Specialist Officer Recruitment 2020

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.

TEST STRUCTURE – Indian Bank Specialist Officer Recruitment 2020

The structure of Test is as follows:

  1. For Scale I and II posts (Post code 1,2,4,6 and 7)
S.No Name of Tests No.of Questions Max Marks Duration
1.  English Knowledge 50 50 Composite Time of 2 Hours
2. Quantitative Aptitude 50 25
3. Reasoning 50 50
4. Professional Knowledge (In Specific Vertical) 50 75
  Total 200 200

2. For Post Code – 5

S.NO Name of Tests No.of Questions Max. Marks Duration
1. English Language 50 50 Composite Time of 2 Hours
2. General Awareness with Special Reference to Banking Industry 50 25
3. Reasoning 50 50
4. Professional Knowledge (in Specific Vertical) 50 75
  Total 200 200

3. For Scale III post (Post code 8)

S.No Name of Tests No. of Questions Max Marks Duration
1 Professional Knowledge (in specific vertical) 60 100 1 hour

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.

WEIGHTAGE FOR TEST AND INTERVIEW – Indian Bank Specialist Officer Recruitment 2020

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

Application FEE – Indian Bank Specialist Officer Recruitment 2020

  • SC /ST /  PWBD Candidates – Rs.100/- + GST (Only Intimation Charges)
  • Others – Rs.600/- + GST  

Aspirants can download the Official Notification of the INDIAN BANK – SPECIALIST OFFICER 2020 Recruitment from the official website of INDIAN BANK or from the link that is provided below. 

INDIAN BANK SO Recruitment 2020 – Official Notification [PDF] 

Application Link – INDIAN BANK SO Recruitment 2020 

Read : NABARD Office Attendant Recruitment 2020 – 73 Vacancies 

Buy the Quantitative Aptitude, Reasoning Ability & English Language Topic Wise Tests – Online Tests from the below-given links. 

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