Bank of Maharashtra invites Online applications for the recruitment of 100 Credit Officer Scale II & III Posts. This online facility will be available in the Official website @ https://bankofmaharashtra.in/ from 23.10.2023 to 06.11.2023. Before applying for the recruitment, candidates must carefully read the Bank of Maharashtra Credit Officer Scale II & III 2023 notification and ensure their eligibility.
Bank of Maharashtra Recruitment 2023 [Quick Summary]
| Organization Name: | Bank of Maharashtra |
| Notification No: | AX1/ST/RP/Credit Officers 118 III /Notification/2023-24 Date: – 23 Oct 2023 |
| Job Category: | Central Govt Jobs |
| Employment Type: | Regular Basis |
| Total No of Vacancies: | 100 Credit Officer Scale II & III Posts |
| Place of Posting: | All Over India |
| Starting Date: | 23.10.2023 |
| Last Date: | 06.11.2023 |
| Apply Mode: | Online |
| Official Website | https://bankofmaharashtra.in/ |
Latest Bank of Maharashtra Vacancy Details:
Bank of Maharashtra Invites Applications for the Following Posts
| SI No | Name of Posts | No. of Posts |
| 1. | Credit Officer Scale II | 50 |
| 2. | Credit Officer Scale III | 50 |
| Total | 100 |
Eligibility Criteria:
Educational Qualification:
| 1. Credit Officer Scale II – Educational Qualification: 1. Bachelors Degree from a University/ Institute with minimum 60% (55% for SC/ST/OBC/PwBD) marks aggregate in all years / semesters recognized by Government of India or its Regulatory bodies. And 2. Professional Qualifications (Compulsory), any one MBA (Full time) preferably in Banking / Finance / Banking & Finance / Marketing / Forex / Credit from a University / Institute recognized by Government of India or its Regulatory Bodies / PGDBA / PGDBM / CA / CFA / ICWA/ Financial Risk Manager. Or 3. In case candidate does not possess any of the professional qualification, he/ she may apply for the post subject to production of experience certificate of having worked in Specialized Branches/ Controlling Offices i.e. ZOs / ROs / Commercial / Corporate Credit Departments at Head and Zonal Office level for at least 3 Years in any Public / Private / Foreign Banks / Financial Institutions. Or 4. Out of three years post- qualification experience (As mentioned in Experience) minimum two year should be as a Branch Head, in case candidate has not worked, in Specialized Branches / Controlling Offices i.e. ZOs / ROs / Commercial / Corporate Credit Departments at Head and Zonal Office in any Public / Private / Foreign Banks / Financial Institutions. Experience: 1. Minimum 3 years post-qualification experience as an officer and should be confirmed in service and not on contract in processing of MSME / Mid & Large Corporate proposals in Public / Private / Foreign Banks / Financial Institutions. 2. Experience should be in appraisal / assessment of Credit proposals of MSME / Medium / Large Corporate and / or working as a Branch Head. Skill Sets / Core Competencies: 1. Thorough knowledge of financial statements and Its analysis and logical interpretation. 2. Good Credit appraisal skills to assess both funded and non-funded limits/ project loans/ Export Credit Proposals with understanding of Ind AS 3.Candidates should be having sound knowledge of current RBI instructions with experience in handling and supervising high value credit 4. He/ She should be proficient in computers, having good inter-personal communication skills, analytical skills and drafting skills. |
| 2. Credit Officer Scale III – Educational Qualification: 1. Bachelor’s Degree from a University / Institute with minimum 60% (55% for SC/ST/OBC/PwBD) marks aggregate in all years / semesters recognized by Government of India or its Regulatory bodies. And 2. Professional Qualifications (Compulsory), any one MBA (Full time) preferably in Banking / Finance / Banking & Finance / Marketing / Forex / Credit from a University / Institute recognized by Government of India or its Regulatory Bodies / PGDBA / PGDBM / CA / CFA / ICWA/ Financial Risk Manager. Or 3. In case candidate does not possess any of the professional qualification, he/ she may apply for the post subject to production of experience certificate of having worked in Specialized Branches / Controlling Offices i.e. ZOs / ROs / Commercial / Corporate Credit department at Head and Zonal Office level for at least 5 Years in any Public / Private / Foreign Banks / Financial Institutions. Or 4. Out of five years post- qualification experience (As mentioned in ‘Experience’) minimum four year should be as a Branch Head, in case candidate has not worked, in Specialized Branches / Controlling Offices i.e. ZOs / ROs / Commercial / Corporate Credit department at Head and Zonal Office in any Public / Private / Foreign Banks / Financial Institutions. Experience: 1. Minimum 5 years’ post-qualification experience as an officer and should be confirmed in service and not on contract in processing of MSME / Mid & Large Corporate proposals in Public / Private / Foreign Banks / Financial Institutions. 2. Experience should be in appraisal / assessment of Credit proposals of MSME/Medium/large Corporates and /or working as a Branch Head. Skill Sets / Core Competencies: 1. Thorough knowledge of financial statements and its analysis and logical interpretation. 2. Good Credit appraisal skills to assess both funded and non-funded limits/ project loans/ Export Credit Proposals with understanding of Ind AS 3. Candidates should be having sound knowledge of current RBI instructions with experience in handling and supervising high value credit. 4. He/ She should be proficient in computers, having good inter personal communication skills, Analytical skills and drafting skills. |
Age Limit: (As on 30.09.2023)
| 1. Credit Officer Scale II – Minimum 25 years and Maximum 32 years |
| 2. Credit Officer Scale III – Minimum 25 years and Maximum 35 years |
The Upper age limit is relaxed by 5 years for SC/ST; 3 years for OBC, 10 Years for Persons with Disabilities (15 years for SC/ST PWD’s & 13 years for OBC PWD’s) and for Ex-S as per Govt. of India rules. Candidates Relaxation in Upper Age limit will be provided as per Govt. Rules. Go through Bank of Maharashtra official Notification 2023 for more reference
Salary Details:
| 1. Credit Officer Scale II – Rs.48170 – 69810/- |
| 2. Credit Officer Scale III – Rs.63840 – 78230/- |
Selection Process:
Bank of Maharashtra may follow the following process to select the candidates.
| 1. Online Exam |
| 2. Interview |
| Exam Center in Tamilnadu: Chennai |
Application Fee:
| UR / EWS / OBC – Rs.1180/- |
| ST/SC/ PWD – Rs.118/- |
| Note: The applicants shall pay the Application Fee as indicated in the Table Above through Online Payment Mode Only. |
How to Apply:
Candidate(s) fulfilling all the above clearly laid down criteria will have to apply online only through the link on the Bank of Maharashtra website in the careers webpage under current openings section i.e. https://bankofmaharashtra.in/ from 23.10.2023 to 06.11.2023. No other mode of application will be accepted.
Important Dates:
| Starting Date for Submission of Application | 23.10.2023 |
| Last date for Submission of Application | 06.11.2023 |
Official Notification & Application Link:
| Bank of Maharashtra Official Website Career Page | Click Here |
| Bank of Maharashtra Official Notification PDF | Click Here |
| Bank of Maharashtra Online Application Form | Click Here |
