Bank of Maharashtra Recruitment 2023 for Credit Officers.

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Bank of Maharashtra Recruitment 2023 released the job notification for the post of Credit Officers in Scale II & III for 100 vacancies. Candidates with the qualification of a Bachelor’s Degree/CA/CMA/CFA/MBA can apply with the required experience. Eligible candidates can apply online on or before 6 November 2023. The detailed eligibility and application process are given below.

Bank of Maharashtra:

The Bank of Maharashtra was established and registered in the year 1935. The main objective of Maharashtra Bank is to spread business operations in the state of Maharashtra. The second branch of the Maharashtra bank was located in 1938 at Bombay. The third branch is located in Pune.

Table of Contents

Bank of Maharashtra Recruitment 2023 for Credit Officers in Scale II & III:

Job Role	Credit Officers in Scale II & III
Qualification	Bachelor’s Degree/CA/CMA/CFA/MBA
Total Vacancies	100 Posts
Experience	2-5 Years
Salary	Rs. 48,170-78,230/-
Job Location	Across India
Last Date	6 November 2023

Detailed Eligibility:

Educational Qualification:

Credit Officers in Scale II:

Bachelor’s degree in any discipline with minimum 60% marks in the aggregate of all semesters/years (55% for SC / ST / OBC / Pw8D) from a University / Institute recognized by Government of India or its Regulatory Bodies. The passing of JAIIB & CAIIB is desirable or
Professional Qualifications (Compulsory), anyone like an MBA (Full-Time) preferably in Banking / Finance / Banking & Finance / Marketing / Forex / Credit from a University / Institute recognized by the Government of India or its Regulatory Bodies /PGDBA / PGDBM/CA /CFA/ICWA/ Financial Risk Manager. Or
In case a candidate does not possess any of the professional qualifications, he/ she may apply for the post subject to the production of an 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
Out of three years post-qualification experience (As mentioned in ‘Experience’)minimum two year should be as a Branch Head, in case the 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:
- Minimum 3 years’ post-qualification experience as an officer and should be confirmed in service and not on contract in the processing of MSME / Mid & Large Corporate proposals in Public / Private / Foreign Banks / Financial Institutions.
- Experience should be in appraisal/assessment of Credit proposals of MSME /Medium / Large Corporations and/or working as a Branch Head.

Credit Officers in III:

Bachelor’s degree in any discipline with minimum 60% marks in the aggregate of all semesters/years (55% for SC / ST / OBC / Pw8D) from a University / Institute recognized by Government of India or its Regulatory Bodies. The passing of JAIIB & CAIIB is desirable or
Professional Qualifications (Compulsory), anyone like an MBA (Time) preferably in Banking / Finance / Banking & Finance / Marketing / Forex / Credit from a University / Institute recognized by the Government of India or its Regulatory Bodies /PGDBA / PGDBM/CA /CFA/ICWA/ Financial Risk Manager. Or
In case a candidate does not possess any of the professional qualifications, he/ she may apply for the post subject to the production of an 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 5 Years in any Public / Private / Foreign Banks / Financial Institutions. Or
Out of five years post-qualification experience (As mentioned in ‘Experience’), a minimum of four years should be as a Branch Head, in case the 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:
- 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.
- Experience should be in appraisal/assessment of Credit proposals of MSME /Medium / Large Corporations and/or working as a Branch Head.

Probation period: 6 months

Service period (Bond): 2 years

Age limit(As on 30 September 2023) :

Credit Officers in Scale II: 25-32 years
Credit Officers in III:25-35 years

Age Relaxation:

SC/ST- 5 Years
OBC – 3 Years
PwD (SC/ST) – 15 Years
PwBD (OBC) – 13 Years
PwBD (GEN/ EWS) – 10 Years
Ex-Serviceman – 5 Years
Persons affected by 1984 riots – 5 Years

Salary:

Credit Officers in Scale II: Rs. 48,170 – 69,810/-
Credit Officers in III: Rs. 63,840 – 78,230/-

No.of.vacancies: 100 Posts

Credit Officers in Scale II: 50 posts ( SC – 7, ST – 3, OBC – 13, EWS – 5, UR – 22)
Credit Officers in III: 50 posts ( SC – 7, ST – 3, OBC – 13, EWS – 5, UR – 22)

Selection process:

The selection process includes an Online examination followed by an Interview
The candidates who clear the online exam shall be called for an interview in the proportion of 1:4 based on their ranking.
The allocation of marks for the online examination and Interview is 200 & 100, which will be converted into 75:25 (Online Examination: Interview).
The minimum cut-off marks for online examination, interview and the final selection shall be 50% for UR / EWS and 45% for SC / ST / OBC / PwBD, respectively.
Merit list for selection will be prepared in descending order based on combined scores obtained; in case more than one candidate scores the cut-off marks (common marks at the cut-off point), such candidates will be ranked according to their age in descending order in the merit
Online Test for 200 marks for 2 hours (There is no negative marking)
- Professional Knowledge – 50 questions for 100 marks (60 minutes)
- General Banking – 50 questions for 100 marks (60 minutes)

Application Fees:

UR/EWS/OBC- Rs.1000/- + (Rs.180 -GST)
SC/ST/PWD- Rs.100/- + (Rs.18 GST)

Application Fees mode: Debit card/Credit card/Internet banking.

Exam centres:

Patna, Chandigarh – Mohali, Bathinda, Raipur, Delhi NCR (All NCR cities), Panaji Ahmedabad -Gandhinagar, Surat, Ranchi, Bengaluru, Thiruvananthapuram, Bhopal, Aurangabad(Maharashtra), Mumbai / Thane / Navi Mumbai /MMR Region, Nagpur, Pune, Bhubaneshwar, Jaipur, Chennai, Hyderabad, Lucknow, Kolkata, Guwahati