Small Industries Development Bank of India (SIDBI) invites applications for the role of Assistant Manager across Grade A (General Stream) and Grade B (General, Legal, and IT). This position offers an opportunity to contribute to India’s MSME ecosystem through credit appraisal, policy support, risk management, legal advisory, and technology enablement.
This listing summarizes a role aligned with the SIDBI Assistant Manager recruitment framework, including typical responsibilities, eligibility expectations, and the selection process.
Responsibilities
- Support MSME and corporate credit operations including appraisal, sanction processes, documentation, monitoring, and portfolio management.
- Conduct financial analysis, risk assessment, and due diligence for lending proposals and structured products.
- Collaborate with internal stakeholders to ensure compliance with regulatory and internal policies.
- Prepare reports, notes, and presentations for management committees and review forums.
- Engage with clients, intermediaries, and partner institutions to drive business objectives and service delivery.
Grade B – Stream-Specific Responsibilities
- General: Lead/execute credit, risk, treasury/operations, policy, and development finance initiatives; contribute to process improvement and governance.
- Legal: Provide legal advisory, vetting, drafting, and review of contracts/agreements; support litigation management and regulatory compliance; coordinate with external counsel.
- IT: Support core systems, information security, application development/maintenance, infrastructure, IT governance, and technology risk; contribute to digital transformation initiatives.
Requirements
Grade A – General Stream (Eligibility)
- Graduation in Commerce, Economics, Mathematics, Statistics, Business Administration, Engineering or equivalent, or professional qualifications such as CS, CMA, CFA, CA, MBA, PGDM.
- Minimum marks: 60% (or 50% for SC/ST/PwBD), as applicable.
- Where applicable (as per notification conditions), candidates without CA/MBA/PGDM may need 2 years of experience in MSME or Corporate Credit.
Grade B – Eligibility (Stream-Wise)
- General: Graduation/PG with minimum 60% and typically 5 years relevant experience in RBI/SEBI/Banks/NBFCs or similar institutions.
- Legal: LLB, enrolled with the Bar Council, and typically 5 years experience in legal departments/handling legal matters.
- IT: B.E./B.Tech (CS/IT) or MCA with 60% and typically 5 years relevant IT experience/skill set.
Age Limits (as per referenced recruitment conditions)
- Grade A: 21–30 years (age relaxation as per rules).
- Grade B: 25–33 years (age relaxation as per rules).
Selection Process
- Phase I: Objective Test
- Phase II: Descriptive (and possibly Subjective) Test
- Psychometric Test
- Interview
- Final Merit List
Benefits
- Competitive compensation package as per SIDBI norms for Grade A/Grade B roles.
- Structured career progression in a premier development financial institution.
- Exposure to MSME financing, development finance, and policy-oriented initiatives.
- Training and professional development opportunities.
- Benefits and allowances as applicable under organizational rules (e.g., medical, leave, and other staff welfare provisions).
About the Company
Small Industries Development Bank of India (SIDBI) is a key financial institution focused on the promotion, financing, and development of the Micro, Small and Medium Enterprises (MSME) sector. SIDBI plays a pivotal role in strengthening credit delivery, enabling innovation, and supporting sustainable growth across India’s entrepreneurial ecosystem.
Openings (Indicative)
Total vacancies referenced: 76 (distribution across Grade A General and Grade B General/Legal/IT as per recruitment details).
How to Apply / Next Steps
Interested candidates should apply via the official SIDBI careers/recruitment portal as per the active notification and timelines. Keep your registration credentials handy to download admit cards/interview letters and to track updates.
Official website: https://www.sidbi.in/index