India Exim Bank is hiring for 2024 with 50 openings for the role of Management Trainee in Banking Operations. This blog post gives you all the important details about the recruitment, including eligibility, salary, selection process and exam pattern.
Exim Bank Recruitment 2024 Overview
India Exim Bank has released its 2024 recruitment for 50 Management Trainee positions in Banking Operations. Candidates who have 60% marks in graduation and a specialization in Finance can apply between 18th September and 7th October 2024.
| Name of Organization | India Exim Bank |
| Name of Posts | Management Trainee (Banking Operations) |
| Vacancies | 50 |
| Category | Recruitment Notification |
| Mode of Exam | Written Test |
| Tentative Exam Date | October 2024 |
| Application Dates | 18th September 2024 – 7th October 2024 |
| Official Website | Click here |
Exim Bank Management Trainee Vacancy 2024
There are 50 vacancies in total, distributed as follows:
| General | 22 |
| Scheduled Caste (SC) | 7 |
| Scheduled Tribe (ST) | 3 |
| Other Backward Classes (OBC) | 13 |
| Economically Weaker Section (EWS) | 5 |
| Persons with Benchmark Disability (PwBD) | 2 |
India Exim Bank Notification 2024 PDF
India Exim Bank has released a notification for the Management Trainee post. There are a total of 50 vacancies. This recruitment will be on a direct recruitment basis. The application process will start on 18th September. The exam is expected to be held in October 2024. Candidates from the General and OBC categories have an application fee of Rs. 600/-, and for SC, ST, PWD, EWS, and female candidates, the application fee is Rs. 100/-. The age limit for this post is 21 to 28 years.
Exim Bank Recruitment 2024 Notification PDF – Click to Download
India Exim Bank Recruitment Important Dates
- Application Start Date: 18th September 2024
- Application End Date: 7th October 2024
- Tentative Exam Date: October 2024
You can apply from 18th September to 7th October 2024. The exam is expected to be held in October 2024, though the exact date will be announced later.
India Exim Bank Management Trainee Salary
The salary for the Management Trainee position is good. During the training, the stipend will be ₹65,000. After training, if you are confirmed as a Deputy Manager, your salary will be about ₹1,00,000, including perks and allowances.
- During Training: ₹65,000 stipend
- After Training (Deputy Manager): Approximately ₹1,00,000 salary, including perks and allowances
India Exim Bank Recruitment 2024 Application Fee
For the Management Trainee post at India Exim Bank, the application fee is Rs. 600/- for candidates from the General and OBC categories. On the other hand, SC, ST, PWD, EWS, and female candidates are required to pay a reduced fee of Rs. 100/-. The fee must be paid online during the application process. Ensure that the payment is completed before the application deadline to avoid any issues.
| General & OBC | Rs. 600/- |
| SC, ST, PWD, EWS, Female | Rs. 100/- |
India Exim Bank Recruitment Eligibility Criteria
To apply for the Management Trainee role, you need to meet these criteria:
- Educational Qualification:
- Graduation: You must have a graduation degree with at least 60% marks.
- Post-Graduation: You need an MBA or a master’s degree in finance, International Business, or Foreign Trade. Alternatively, you can be a Chartered Accountant (CA). For CA candidates, passing marks are enough.
India Exim Bank Recruitment 2024 Age Limit
- General Category: You must be between 21 and 28 years old as of 1st August 2024.
- Scheduled Caste (SC): Age relaxation up to 33 years.
- Other Backward Classes (OBC): Age relaxation up to 31 years.
- Persons with Benchmark Disabilities (PwBD): Age relaxation as per norms.
India Exim Bank MT Exam Pattern
The recruitment process includes a written exam with two main parts:
- Part 1: This section will cover financial statements, including balance sheets, income statements, and cash flow statements. It will be worth 40 marks.
- Part 2: This descriptive section will cover banking schemes, types of banks, current affairs, and the structure of India Exim Bank. You might also be asked about government schemes related to exports and imports. This part will be similar to descriptive papers seen in RBI exams.
| Name of Test | Parts | Marks | Exam Duration |
|---|---|---|---|
| Professional Knowledge-Subjective Part 1 | Part 1 (Financial Statement) | 40 | 2 hours 30 minutes |
| Professional Knowledge-Subjective Part 2 | Part 2 | 60 | – |
| Total | – | 100 | – |
The format of the test (computer-based or pen-and-paper) has not been specified but is expected to be descriptive.
Exim Bank MT Selection Process 2024
The selection process for the India Exim Bank Management Trainee post includes:
- Written Exam: The initial stage involves a written exam divided into two sections:
- Financial Statements: This section includes questions related to financial statements such as balance sheets and income statements.
- Descriptive Paper: This section will cover banking schemes, different types of banks, and current affairs.
- Exam Pattern: The written exam is likely to be pen-and-paper based and will not be objective. It will focus on professional knowledge related to banking operations.
- Final Selection: Candidates who perform well in the written exam will be shortlisted for further selection steps, which may include an interview or other assessments based on the bank’s discretion.
This process ensures that candidates are evaluated on both their technical knowledge and their understanding of current banking practices.
Summary
India Exim Bank is hiring 50 Management Trainees. You need a graduation degree with at least 60% marks and a post-graduation degree or to be a Chartered Accountant. The age limit is between 21 and 28 years, with relaxations for specific categories. During training, the stipend is ₹65,000, and it can increase to about ₹1,00,000 once confirmed as a Deputy Manager. The exam will include financial statements and descriptive questions about banking and finance.
