Bank of Maharashtra Recruitment 2023, Application Form, Syllabus, Salary

Bank of Maharashtra Recruitment 2023

Bank of Maharashtra Recruitment 2023: The Bank of Maharashtra has announced the recruitment for Credit Officers in Scale II and III. The notification for the same was released on 23 October 2023. A total of 100 vacancies are available. Candidates interested in joining the recruitment process can find all the details below.

Bank of Maharashtra Recruitment

The Bank of Maharashtra is a prestigious state bank of India. It is headquartered in Pune, Maharashtra, and has 2341 branches. Candidates interested in a career in banking sector should make sure to join this recruitment. The overview for the same is given below.

Heading	Details
Organization	Bank of Maharashtra
Post	Credit Officers (Scale II and Scale III)
Vacancy	100
Category	Recruitment
Application Mode	Online
Online Registration Date	23rd October to 6th November 2023
Eligibility Criteria	Differs as per the posts
Application Fee	UR/EWS/OBC-Rs.1180/-, SC/ST/PwBD-Rs.118/-
Age Limit	Scale-II: 25-32 and Scale-III: 25-35
Selection Process	Online Exam and Interview
Official Website	bankofmaharashtra.in

Bank of Maharashtra Recruitment 2023 – Important Dates

It is vital to know the schedule of any recruitment before taking part in it. The important dates in the schedule of the Bank of Maharashtra Recruitment are given in the table below. Candidates should know these dates so that they can complete the necessary processes on time. The dates for further events such as admit card release, results, etc. will be updated in the table as and when they are known.

Events	Dates
Bank of Maharashtra Recruitment 2023 Notification release	23 October 2023
Bank of Maharashtra 2023 Application Starts On	23 October 2023
Bank of Maharashtra 2023 Application Ends On	06 November 2023

Bank of Maharashtra Recruitment 2023 – Notification PDF

The first step to do when trying to know more about recruitment is to download the notification and read it thoroughly. The Bank of Maharashtra recruitment notification PDF has been released on 23rd October 2023. Candidates can directly download the notification from the link given below.

Bank of Maharashtra Recruitment 2023 – Application Form

The application link for the Bank of Maharashtra recruitment registration process was made live on 23rd October 2023. Candidates can apply for the recruitment using the link given below. A reminder that the link will be open from 23rd October to 6th November 2023. Hence, candidates are advised to complete their registration process at the earliest to avoid any hassle.

Bank of Maharashtra Recruitment 2023 – Vacancy

The Bank of Maharashtra released a total of 100 vacancies for the posts of Credit Officers Scales II and III. The category-wise vacancies for the same can be seen below.

Post/s	Scale	Age	Number of Vacancies						PwBD
			SC	ST	OBC	EWS	UR	Total	OC	VI	HI	ID
Credit Officer Scale II	MMGS II	25-32	7	3	13	5	22	50	1	1	1	1
Credit Officer Scale III	MMGS III	25-35	7	3	13	5	22	50	1	1	1	1
Total			14	6	26	10	44	100	2	2	2	2

Bank of Maharashtra Recruitment 2023 – Eligibility

The eligibility criteria for both the Credit Officer Scale II and Scale III are provided in the notification. Candidates can check the qualifications required for both these posts in the section below.

Credit Officer Scale II Eligibility Criteria

The qualifications required for candidates applying for Bank of Maharashtra Credit Officer Scale II is given below.

Age	Qualification	Experience	Skills
Minimum 25 years and maximum 32 years	1. Bachelor’s Degree from a University/ Institute with a minimum 60% (55% for SC/ST/OBC/PWBD) marks aggregate in all years/semesters recognized by the Government of India or its Regulatory bodies. 2. Professional Qualifications (Compulsory), anyone: 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. 3. 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.	1. 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 and Large Corporate proposals in Public/ Private/ Foreign Banks/ Financial Institutions. 2. Experience should be in appraisal/ assessment of Credit Proposals of MSME/ Medium/ Large Corporations and/ or working as Branch Head.	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 an understanding of Ind AS. 3. Candidates should have sound knowledge of current RBI instructions with experience in handling and supervising high-value credit. 4. They should be proficient in computers, have good interpersonal communication skills, analytical skills, and drafting skills.

Credit Officer Scale III Eligibility Criteria

The qualifications required for candidates applying for Bank of Maharashtra Credit Officer Scale III is given below.

Age	Qualification	Experience	Skills
Minimum 25 years and maximum 35 years	Bachelor’s Degree from a University/ Institute with a minimum 60% (55% for SC/ST/OBC/PWBD) marks aggregate in all years/semesters recognized by the Government of India or its Regulatory bodies. AND Professional Qualifications (Compulsory), anyone: 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 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.	1. Minimum 5 years post-qualification experience as an officer and should be confirmed in service and not on contract in the processing of MSME/ Mid and Large Corporate proposals in Public/ Private/ Foreign Banks/ Financial Institutions. 2. Experience should be in appraisal/ assessment of Credit Proposals of MSME/ Medium/ Large Corporations and/ or working as Branch Head.	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 an understanding of Ind AS. 3. Candidates should have sound knowledge of current RBI instructions with experience in handling and supervising high-value credit. 4. They should be proficient in computers, have good interpersonal communication skills, analytical skills, and drafting skills.

Bank of Maharashtra Recruitment 2023 – Application Process

Candidates can follow the instructions below to apply for the Bank of Maharashtra Recruitment 2023.

• Visit the main website for Bank of Maharashtra.
• As highlighted in the screenshot above, click on the Careers tab.

• To the left, you’ll find the ‘Recruitment Process’ link in the list. Click on the link.

• Click on the ‘Current Openings’ tab and then click on ‘Know More’.

• Under ‘Current Openings’ the ‘Application Link’ is live. This is the link to apply for the Recruitment of Credit Officers Scale II and III.
• Clicking on the ‘Application Link’ will open the following page. The ‘Click here for New Registration’ will open a new page for you to register. Enter the details and register. Then with the newly generated Registration Number and password, login to proceed to the application process.

Bank of Maharashtra Recruitment 2023 – Selection Process

The candidates have to appear for an online examination, after which they will be selected in a 1:4 proportion for the interview stage based on their ranking. The minimum cut-off for the exam, interview, and final selection shall be 50% for Unreserved candidates/ EWS. For SC/ST/OBC/PwBD the minimum cut-off is 45%. The exam pattern for the online exam is as follows:

Sl. No.	Name of Test	No. of Questions	Maximum Marks	Duration
1	Professional Knowledge	50	100	60 minutes
2	General Banking	50	100	60 minutes
	Total	100	200	120 minutes/2 hours

Bank of Maharashtra Recruitment 2023 – Salary, Job Profile, Probation, and Career Path

The notification for the Bank of Maharashtra recruitment gives the details of the job profile, bond, probation, salary, and career path that candidates applying for the recruitment can expect. These are given below.

Bank of Maharashtra Job Profile

The job profile for Credit Officer Scale II and III are different and these are given below.

Credit Officer Scale II Job Profile

Credit Officer Scale III Job Profile

Bank of Maharashtra Salary

The salary of the Credit Officer Scale II and III is as follows:

Post	Pay Scale
Scale II	Rs. 48170-1740/1-49910-1990/10-69810
Scale III	Rs. 63840-1990/5-73790-2220/2-78230

Bond and Probation

Selected candidates will be on probation for the given period of time from the time of joining the bank. There is also mandatory service bond that has to be executed by the selected candidates. The details are as follows.

Post	Probation Period	Bond
		Amount Rs.	Minimum Service Period
Scale II	6 months	2 Lakhs	2 years
Scale III	6 months	2 Lakhs	2 years

Bank of Maharashtra Career Path

The selected candidates will:

1. Be exposed to basic banking knowledge, after joining through an online course and will have to complete this course before the stipulated date.
2. Have to execute a bond to serve the bank for the stipulated period.
3. Be designated as per the post and will be on probation. They will be subject to continuous assessment during this period. Those who clear the assessment at the end of the probation period will receive confirmation of their post.
4. Any candidate failing to complete the assessment will have their employment terminated by the bank
5. The attractive promotion policy of the bank provides an opportunity to the meritorious and exceptionally brilliant officers to reach the Top Management Grade in a reasonably quick time.

Bank of Maharashtra Recruitment 2023 – Frequently Asked Questions

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