Indian Bank Specialist Recruitment 2024 For 102 Posts

The Indian Bank has released a notification for 102 vacancies for specialist positions in various fields on a three-year contractual basis. Unless the bank extends the contract, the engagement will automatically end after three years. The available specialist positions include Deputy Vice President, Assistant Vice President, and Associate Manager in Credit, Information Technology, MSME, Risk Management, and Digital Marketing. Applications can be submitted online from June 29, 2024, to July 14, 2024. This guide details everything you need to know about Indian Bank Specialist Recruitment 2024. Dive into selection process, age limits, education requirements, fees, exam dates, and more!

Indian Bank Specialist 2024 Recruitment: Overview

Role of Specialists in Indian Bank 2024

In the Indian Bank Specialist Recruitment 2024, a specialist is a professional who is hired for their expertise in specific areas within the bank. These roles require advanced knowledge and specialized skills to address particular needs and challenges within the bank’s operations.

The positions available under this recruitment include roles such as Deputy Vice President, Assistant Vice President, and Associate Manager in various fields like Credit, Information Technology, MSME (Micro, Small, and Medium Enterprises), Risk Management, and Digital Marketing. Specialists are expected to contribute their deep understanding and proficiency in these areas to enhance the bank’s performance and drive strategic initiatives.

Educational Qualification

The recruitment process for this role includes a total of 102 vacancies across various positions. Each position has specific educational qualifications, with some posts having similar requirements. For detailed information about the qualifications for each role, refer to the official notification.

Age Limit

The recruitment process includes 102 vacancies across 30 different positions. Each position has its own age limits, although some may have similar requirements. For detailed information regarding the age limits for these positions, please refer to pages 3 to 18 of the official notification.

Application Fee

Exam Pattern

Depending on the number of applications received, the bank will decide, at its discretion, on the selection process. This may include either: 1. Shortlisting of applications followed by an interview, or 2. Written/Online Test followed by an interview. In cases where a test is conducted, the structure and format of the test/examination will be as follows:

Note:-

• The examination consists of objective multiple-choice questions (MCQs).
• The exam is conducted in English.
• Penalty for wrong answers in the test is 1/4th of the mark allotted to the respective question for which a wrong answer is given. There is no penalty for unanswered questions.

Syllabus

Although the detailed syllabus is not mentioned in the Indian Bank Specialist (Contractual Basis) Recruitment notification, the exam pattern is provided. Based on the exam pattern, the subjects and detailed syllabus are explained below:

1. Professional Knowledge (Respective Domain):
   • Credit: Credit Appraisal, Credit Risk Management, Credit Monitoring, Credit Documentation, NPA Management.
   • Information Technology: Database Management Systems, Programming Languages (Java, Python, etc.), Networking, Cyber Security, IT Governance, Software Development Life Cycle (SDLC).
   • MSME (Micro, Small, and Medium Enterprises): MSME Policies, MSME Financing, Government Schemes for MSMEs, MSME Sector Overview.
   • Risk Management: Risk Assessment and Measurement, Risk Mitigation Strategies, Basel norms, Credit Risk, Market Risk, Operational Risk.
   • Digital Marketing: Digital Marketing Strategies, SEO (Search Engine Optimization), SEM (Search Engine Marketing), Social Media Marketing, Email Marketing, Content Marketing.
2. English Language:
   • Reading Comprehension
   • Grammar and Vocabulary
   • Synonyms and Antonyms
   • Sentence Correction
   • Error Spotting
3. General Awareness with Special Reference to Banking Industry:
   • Indian Economy
   • Budget and Economic Survey
   • Banking and Financial Awareness
   • RBI and its Functions
   • Current Affairs (National and International)
   • Banking Terminology and Abbreviations
   • Government Schemes related to Banking Sector

This is fundamental information based on the exam pattern subjects since the detailed syllabus is not provided in the Indian Bank Specialist notification. It’s advisable to review previous question papers for further insights.

Selection Process

The selection process for Indian Bank Specialist Recruitment adapts to the volume of applications received. Based on the number of applicants, the bank will choose one of the following selection methods:

1. Shortlisting applications followed by an interview. Or,
2. Conducting a written/online test followed by an interview

Shortlisting of Applications followed by Interview:

• Candidates’ applications are scrutinized based on predefined criteria. Those meeting the requirements proceed directly to the interview stage. Here, candidates’ professional skills, domain knowledge, and suitability for the role are thoroughly assessed.

Written/ Online Test:

• Alternatively, candidates may first undergo a comprehensive written or online test. This assessment evaluates their proficiency in specific domains crucial to banking, English language skills, and general awareness. Successful candidates from the test phase proceed to the interview stage, where their capabilities and fit for the role are further evaluated.
• Cut-off Score in Test: The number of candidates called for the interview is determined based on performance in the written/online test. For the unreserved category, three times the number of vacancies are called, while for reserved categories, it is five times the vacancies. Adjustments may be made at the interview stage based on the bank’s discretion and requirements.
• To view the exam pattern, click here.

Interview:

• Shortlisting for Interview: Depending on the number of vacancies, cut-off scores on the total marks will be set to shortlist candidates for the interview phase.
• Interview Centre: Interviews are conducted primarily in Chennai, with the possibility of additional centers depending on logistical considerations and candidate distribution.
• Interview Evaluation: The interview carries a total of 100 marks. Candidates must achieve a minimum qualifying mark of 40% (for unreserved/EWS categories) or 35% (for SC/ST/OBC/PWBD categories) in both the test and interview stages. If an insufficient number of candidates meet these criteria, the bank reserves the right to adjust the qualifying marks at its discretion.
• Qualification Criteria: Candidates must qualify separately in both the written/online test and the interview to be eligible for the merit list.
• Weightage of Test and Interview: The test and interview are weighted in a ratio of 80:20 in the final assessment of candidates.
• Merit Order: In cases where candidates achieve the same score in the test or interview, merit order is determined by the candidate’s date of birth, with the senior candidate placed higher.

This structured approach ensures a fair and transparent selection process, emphasizing both technical competence and personal suitability for roles within Indian Bank. Candidates are advised to prepare diligently and familiarize themselves with the detailed criteria to maximize their chances of success in this recruitment.

Vacancy Details

Salary Information

This recruitment offers competitive salary details that align with industry standards and are based on the candidate’s qualifications and experience. Specific salary information is not included in the initial notification. Candidates are advised to visit the official Indian Bank website or await further communications from the bank for updates on salary details.