IDBI Bank Recruitment For Assistant Manager Grade ‘A’–650 Posts| Last Date:22-08-2021

Organization Name:


Advertisement No:

NO.5 /2021-22

Name of The Post:

Assistant Manager Grade ‘A’

Job Description:

IDBI Bank has entered into MoU with Manipal Global Education Services Private Limited (Manipal), Bengaluru and Nitte Education International Private Limited [Nitte] Greater Noida to provide training in Banking and Finance to prospective candidates aspiring to join IDBI Bank as Assistant Manager Grade ‘A’. IDBI Bank invites applications from young, dynamic graduates for 1 Year Post Graduate Diploma in Banking and Finance (PGDBF) comprising of 9 months of classroom studies at campus and 3 months of internship at IDBI Bank’s branches. After successful completion of the course, the candidates will be awarded PGDBF certificate and will be inducted into IDBI Bank as Assistant Manager Grade ‘A’ subject to fulfillment of eligibility criteria as stated in this advertisement.

Number of the posts: 650 

650 Posts

Pay Scale:

As per organization rules

Age Limit:

Minimum: 21 years Maximum: 28 years


A Graduate from a recognized university with minimum 60% marks(55% for SC/ST/PWD)*

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About Organization :

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 wholly owned subsidiary of Life Insurance Corporation. Many national institutes find their roots in IDBI like SIDBI, India Exim Bank,[4] 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%.[5] 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.[6] 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

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