Indian Bank SO Recruitment 2020 Notification – 138 Posts

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Indian Bank has released the SO Recruitment 2020 Notification on 22/01/2020. Notification is out for 138 Specialist Officers posts in Chennai. Eligible candidates can apply online from 22/01/2020 to 10/02/2020. Candidates can view the post details, vacancy details, eligibility criteria, selection process, applying method, fees structure, syllabus, pattern and important dates in the below content.

Name of the Post: Specialist Officer

Post Date: 23/01/2020

No of Vacancies: 138

Place: Chennai

See Also:

Important Dates for Indian Bank SO Recruitment 2020:

Starting Date for Submission of Online Application 22/01/2020
Last Date for Submission of Online Application 10/02/2020
Date of Online Test 08/03/2020
Date for Downloading Call Letter 20/02/2020 Onwards

Vacancy details of Indian Bank SO Recruitment 2020:

S.No. Name of the Posts Scale No. of Posts
1 Assistant Manager Credit I 85
2 Manager Credit II 15
3 Manager Security II 15
4 Manager Forex II 10
5 Manager Legal II 02
6 Manager Dealer II 05
7 Manager Risk Management II 05
8 Senior Manager Risk Management III 01

Pay Scale:

S.No. Scale Pay Scale
1 Scale I 23700 – 42020/-
2 Scale II 31705 – 45950/-
3 Scale III  42020 – 51490/-

Age limit (as on 01/07/2019):

S.No. Name of the Posts Age Limit
1 Assistant Manager Credit 20 to 30 years
2 Manager Credit 25 to 35 years
3 Manager Security 25 to 35 years
4 Manager Forex 25 to 35 years
5 Manager Legal 25 to 35 years
6 Manager Dealer 25 to 35 years
7 Manager Risk Management 25 to 35 years
8 Senior Manager Risk Management 27 to 37 years

Age Relaxation:

S.No. Category Age Relaxation
1 Schedule Cast / Scheduled Tribe (SC / ST) 05 years
2 Other Backward Classes (OBC) 03 years
3 Ex-Servicemen 05 years
4 Persons with Disabilities (PwD) 10 years

Educational Qualification:

1. Assistant Manager Credit:

  • Candidates should be completed 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 recognized by the Government of India / Government regulatory bodies. OR

  • CA / ICWA / CFA from a University / Institution / Board recognized by the Government of India / Government regulatory bodies wherever applicable.

2. Manager Credit:

  • Candidates should be completed 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 recognized by the Government of India / Government regulatory bodies. OR

  • CA / ICWA / CFA from a University / Institution / Board recognized by the Government of India / Government regulatory bodies wherever applicable.
  • Minimum 01 year of experience in credit in Public / Private / Foreign Banks.

3. Manager Security:

  • Candidates should be completed Graduate in any discipline from any University recognized by Govt of India.
  • Candidates should have 05 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.

4. Manager Forex:

  • Candidates should be completed 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 recognized by the Government of India / Government regulatory bodies. OR

  • CA / ICWA / CFA from a University / Institution / Board recognized by the Government of India / Government regulatory bodies wherever applicable.
  • Minimum 3 years of experience with Public / Private / Foreign Banks in dealing in interbank and cross-currency deals / handling trade finance portfolio.

5. Manager Legal:

  • Candidates should be completed a Bachelor Degree in Law (LLB) and enrolled as an advocate with Bar Council.
  • Enrolled as Advocate with Bar Council and having 03 years of experience as a practicing advocate at Bar. OR
  • Minimum of 03 years experience as Legal Officer in Public / Private / Foreign Banks.

6. Manager Dealer:

  • Candidates should be completed 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 recognized by the Government of India / Government regulatory bodies. OR

  • CA / ICWA / CFA from a University / Institution / Board recognized by the Government of India / Government regulatory bodies wherever applicable.
  • Minimum 03 years of experience in Public / Private / Foreign Banks in dealing in G Sec,
    Money Market, Equity, SLR and Non-SLR.

7. Manager Risk Management:

  • Candidates should be completed Graduate in any discipline and Post Graduate (2 years duration) in any of
    the following:
  1. Business
  2. Management
  3. Finance
  4. Banking
  5. Statistics
  6. Econometrics.
  • Candidates should have a minimum of 01-year Experience in Credit at Public / Private / Foreign Banks.

8. Senior Manager Risk Management:

  • Candidates should be completed Graduate in any discipline and Post Graduate (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 recognized by Government of India / Government regulatory bodies OR

  • Graduate in any discipline and FRM from GARP.

Selection Process:

The selection will be based on the:

  1. Online Written Examination
  2. Personal Interview.

Pattern for the Online Written Exam:

For Scale I and II posts: (Post code 1,2,4,6 and 7)

S.No. Name of the 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

For Post Code- 5:

S.No Name of the Tests No. of Questions Max Marks Duration
1 English Knowledge 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

For Scale III post (Post code 8):

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

Application Fee:

Candidates should pay through online.

S.No. Category Fees
1 Gen / OBC 600/-
2  SC / ST / PWBD 100/-

How to Apply for Indian Bank SO Recruitment 2020:

  • Candidates should apply through online.
  • The Online registration of applications will be available on the Indian Bank website: www.indianbank.in
  • Before applying the candidates must register themselves using their active email id and mobile number.
  • After registering, candidates may apply using their registration number and password.
  • Candidates should fill all the details asked in the application form correctly as no correction is allowed after submitting the form.
  • Candidates must also upload a scanned copy of their photograph, signature, thumb impression in the prescribed format.
  • After Clicking FINAL SUBMIT, candidates must pay their application fee through online mode only.
  • Print Application form for future reference

Important Links for Indian Bank SO Recruitment 2020:

To Apply Online  Click here 
For Official Website Click here
For Official Notification Click here

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