SBI SCO Notification 2024 Out, Know Exam Date, Selection Proces, Salary

Anjali

3 months ago

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SBI SCO Notification 2024

SBI SCO Notification 2024: The State Bank of India (SBI) has announced 50 vacancies for the post of Specialist Cadre Officers (SCO). The notification is out as of 13th February 2024 on the official website of SBI. Candidates interested in the recruitment can find all the details here, including the exam dates, syllabus, application form, salary, selection process, etc.

SBI SCO Notification 2024 – Download PDF

The official notification for the SBI SCO 2024 recruitment is out on the official website on 13th February 2024. Candidates can download the PDF for the same from the link below. The notification contains all the essential information that candidates should note.

SBI SCO Notification 2024 – Download Here

SBI SCO Notification – Application Link

The application link for the SBI SCO recruitment is now open. Candidates can use the direct links below to apply for various posts. There are a total of 50 vacancies for the Credit Analyst Manager post. The link for SBI SCO Credit Analyst Manager is given below.

Specialist Cadre Officer – Regular (Credit Analyst) – Apply Here

SBI SCO Notification 2024 – Overview

The State Bank of India invites applications for various posts under the position of Specialist Cadre Officer. This article mainly focusses on the Manager (Credit Analyst) post for which there are 50 vacancies. Candidates can find a brief overview of the recruitment below:

Headings	Details
Organization	State Bank of India
Exam Name	SBI Exam 2024
Post	Various Posts
Vacancy	50
Category	Regular Basis
Eligibility Criteria	Varies Post Wise
Selection Process	Online Test & Interview
Application Mode	Online
Official Website	www.sbi.co.in/careers

SBI SCO Notification 2024 – Important Dates

The candidates who sign up for the SBI SCO recruitment should make sure to note the schedule of the recruitment. This will help plan your preparation and keep you up-to-date with the latest announcements and updates. The table below provides the schedule for application of the SBI SCO recruitment 2024.

Events	Dates
SBI SCO Notification 2024 release	13th February 2024
Commencement of Online Registration of Application	13th February 2024
Closure of Registration Application	4th March 2024
Online fee payment	13th February to 4th March 2024
Closure of Editing Application Details	4th March 2024
Last Date to Print your Application	20th March 2024
Last Date to Download Interview Call Letter 2024	TBA

SBI SCO Vacancy 2024

A total of 50 vacancies have been announced for SBI SCO 2024 recruitment. The vacancy details are as follows:

Category	Number of Vacancies
UR	22
SC	7
ST	3 + 2 (Backlog)
OBC	12
EWS	4
Total	50

SBI SCO Notification 2024 – Application Form

Candidates can apply for the SBI SCO recruitment through these steps:

Visit the official website of SBI.
Navigate to the Careers tab to the top right of the window.

In the ‘Latest Announcements’ section, you’ll find of the active recruitments. The one for SBI SCO should be first.
Click on the ‘Apply Online’ link. Candidates registering for the first time should click on “Click for New Registration.”
Enter all the required details accurately. Click on the “Register” button.
Your registered mobile phone number/e-mail ID will receive login credentials.
Login using the credentials and continue filling out your application.
Upload the documents following the specifications provided in the notification.
Make the payment of the registration fees through any of the provided payment modes. Make sure to generate and download the receipt of payment.
In case you have doubts about any field, do not click on the final Submit button. Click on Save and confirm the information before finally submitting the form.
Once you’ve completed the application process and fee payment, make sure to generate and download the application form PDF. Also print it out for future reference.

SBI SCO Application Fees

The category-wise application fees for candidates of SBI SCO is as follows:

Category	Application Fee
General/OBC/EWS	Rs. 750/-
SC/ST/PWD	Nil

SBI SCO Notification 2024 – Eligibility Criteria

Candidates registering for the recruitment should be aware that there are educational, work-related, and skill-related requirements for the post. This section covers the eligibility criteria for SBI SCO.

Age Limit

Candidates for SBI SCO should be 25-35.

Educational Qualification

Those registering for the recruitment should have the following educational qualifications:

Graduate (any discipline) from Government recognized University or Institution AND MBA (Finance) / PGDBA / PGDBM / MMS (Finance) / CA / CFA / ICWA.

Work Experience

Candidates registering for SBI SCO should have work experience as specified below:

Minimum 3 years in Corporate Credit as an executive in a Supervisory / Management role in a Scheduled Commercial Bank / Associate or Subsidiary of a Scheduled Commercial Bank OR a Public sector or listed financial institution company.
Experience in high-value credit is a must/mandatory.
The experience should be in appraisal/assessment of Credit proposals of medium/large Corporations.

Skill Requirement

Candidates will also have to possess the following skills:

Analysis of Balance Sheet
Cash Flow Statement Analysis
Appraisal
Assessment of Credit Proposal
Credit monitoring etc.

SBI SCO Notification 2024 – Selection Process

The following is the selection process for the post of SBI SCO.

Shortlisting: Mere fulfilling the minimum qualification and experience will not vest any right to a candidate to be called for an interview. The shortlisting committee constituted by the Bank will decide the shortlisting parameters and thereafter, an adequate number of candidates, as decided by the bank, will be shortlisted for interview. The decision of the Bank to call the candidates for the interview shall be final. No correspondence will be entertained in this regard.
Interview: The interview will carry 100 marks. The qualifying marks in the interview will be decided by the Bank. No correspondence will be entertained in this regard.
Merit List: The merit list for selection will be prepared in descending order on the basis of scores obtained in the interview only. 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 merit.

SBI SCO Salary, Job Profile, Responsibilities

The SBI Specialist Cadre Officers have a detailed list of responsibilities and great salary package. The information on the same is given in the section below.

SBI SCO Salary

Candidates selected for the SBI SCO post will have a pay scale as follows:

Rs 63840 – 1990/5 – 73790 – 2220/2 – 78230

SBI SCO Job Profile

The job profile for Credit Analyst Manager under SBI SCO is as follows:

Carrying out of Due Diligence on Credit Proposals assigned.
Timely completion of reviews/renewals as Appraiser, including credit risk assessment proposals.
Securing maximum marks for the AMT (Asset Management Team) in credit audit in pre-sanction.
Assisting Relationship Manager in achieving budgeted growth in advances for the AMT.
Adhering to Turn-Around-Time (TAT) for processing New/Existing proposals.
Ensuring ABS considered for the proposals are the same as filed with ROCs.
Ensuring achievement of satisfactory RAROC (Risk Adjusted Return on Capital) for each unit in the AMT.

SBI SCO Responsibilities

SBI SCO Credit Analyst Managers have the following responsibilities. For further details, check the Notification PDF.

Number of new clients onboarded through account opening.
Year-on-Year (YoY) growth in CASA deposits (daily average balance).
Transaction Banking – Number of corporates onboarded for any new project.
Activation of transaction banking products.
Other income / Forex renumeration / LC income / BG Income.
Supply Chain Finance – number of Corporates onboarded.
Supply Chain Finance – utilization of limit sanctioned (%).
Corporate salary packages – Number of companies > 50 new accounts opened.
Number of proposals put up for sanction – turnaround time – success rate in getting sanctions.
Quality of credit appraisal and risk analysis.
Quality of Credit portfolio.
Achievement of targets relating to review/renewal of limits of units.
Observations of various audit report and compliance thereof.

SBI SCO Notification 2024 – Frequently Asked Questions

Q1. When was the notification for the SBI SCO Recruitment 2024 released?

A1. The SBI SCO Recruitment 2024 notification was out on 13th February 2024.

Q2. How many vacancies are there for SBI SCO 2024?

A2. There are 50 vacancies for the SBI SCO Recruitment 2024.

Q3. What is the SBI SCO 2024 Selection process?

A3. The selection process for SBI SCO 2024 consists of shortlisting, interview, and merit list.

Q4. What are the registration dates for SBI SCO 2024?

A4. SBI SCO Registration 2024 began on 13th February 2024 and will end on 4th March 2024.

Anjali

I write content to help people prepare for banking exams because I have experience as an aspirant myself. My goal is to provide accurate and easy-to-understand information for candidates. I cover various topics such as exam patterns, syllabus, study techniques, and time management to support those preparing for the exams. As a former aspirant turned content writer, I want to make the information accessible and helpful for others so that they can do well in their banking and government exams and achieve their goals.

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