Bank of Maharashtra Credit Officer Scale II & III Recruitment 2023

Are you looking for a career opportunity in the banking sector? If yes, then you might be interested in the Bank of Maharashtra Credit Officer Scale II & III Recruitment 2023. The Bank of Maharashtra, one of the leading public sector banks in India, has invited online applications from eligible candidates for the posts of Credit Officers in Scale II and Scale III. The online registration process has started from October 23, 2023 and will end on November 6, 2023. The total number of vacancies for this recruitment is 100, out of which 50 are for Scale II and 50 are for Scale III. In this article, we will provide you with all the important details about the Bank of Maharashtra Credit Officer Recruitment 2023, such as eligibility criteria, selection process, application fee, salary, exam pattern, syllabus, and more. Read on to find out how you can apply for this recruitment and prepare for the online exam and interview.

Eligibility Criteria for Bank of Maharashtra Credit Officer Recruitment 2023

Before applying for the Bank of Maharashtra Credit Officer Recruitment 2023, you should check whether you meet the eligibility criteria or not. The eligibility criteria include age limit, educational qualification, and experience. Here are the details of the eligibility criteria for both Scale II and Scale III posts:

Age Limit

The minimum age limit for both Scale II and Scale III posts is 25 years as on October 1, 2023. The maximum age limit for Scale II posts is 32 years and for Scale III posts is 35 years as on October 1, 2023. However, there is a relaxation in the upper age limit for candidates belonging to reserved categories as per the government norms. The details of the age relaxation are as follows:

  • SC/ST: 5 years
  • OBC (Non-Creamy Layer): 3 years
  • PwBD: 10 years
  • Ex-Servicemen: 5 years
  • Persons affected by 1984 riots: 5 years

Educational Qualification

The educational qualification required for both Scale II and Scale III posts is a degree in any discipline from a recognized university or institution. However, candidates who have a professional qualification such as CA/CMA/CFA will be preferred.

Experience

The experience required for Scale II posts is a minimum of three years of post-qualification work experience in processing credit proposals in officer cadre with any scheduled commercial bank. The experience required for Scale III posts is a minimum of six years of post-qualification work experience in processing credit proposals in officer cadre with any scheduled commercial bank.

Selection Process for Bank of Maharashtra Credit Officer Recruitment 2023

The selection process for the Bank of Maharashtra Credit Officer Recruitment 2023 consists of two stages: online exam and interview. The online exam will be conducted by IBPS and will be objective in nature. The online exam will have four sections: English Language, Quantitative Aptitude, Reasoning Ability, and Professional Knowledge. The total marks for the online exam will be 200 and the total time duration will be 120 minutes. There will be a negative marking of 0.25 marks for each wrong answer. The candidates who qualify the online exam will be shortlisted for the interview round. The interview round will be conducted by the bank and will carry 100 marks. The final merit list will be prepared based on the marks obtained in both online exam and interview.

Application Fee for Bank of Maharashtra Credit Officer Recruitment 2023

The application fee for the Bank of Maharashtra Credit Officer Recruitment 2023 varies according to the category of the candidates. The application fee includes the intimation charges and GST as applicable. The application fee can be paid online through debit card/credit card/net banking/IMPS/mobile wallets etc. The details of the application fee are as follows:

  • General/EWS/OBC: Rs.1180/-
  • SC/ST/PwBD: Rs.118/-

Salary for Bank of Maharashtra Credit Officer Recruitment 2023

The salary for the Bank of Maharashtra Credit Officer Recruitment 2023 depends on the scale of the post. The salary includes the basic pay, dearness allowance, house rent allowance, city compensatory allowance, special allowance, and other allowances as per the rules of the bank. The details of the salary are as follows:

  • Scale II: Rs.48170 – Rs.69810/- per month
  • Scale III: Rs.63840 – Rs.78230/- per month

Exam Pattern and Syllabus for Bank of Maharashtra Credit Officer Recruitment 2023

The exam pattern and syllabus for the Bank of Maharashtra Credit Officer Recruitment 2023 are based on the online exam conducted by IBPS. The online exam will have four sections: English Language, Quantitative Aptitude, Reasoning Ability, and Professional Knowledge. The total marks for the online exam will be 200 and the total time duration will be 120 minutes. The distribution of marks and questions for each section is as follows:

SectionNo. of QuestionsMarksTime
English Language505035 minutes
Quantitative Aptitude505035 minutes
Reasoning Ability505035 minutes
Professional Knowledge505015 minutes
Total200200120 minutes

The syllabus for each section is given below:

English Language

The English Language section will test the candidates’ ability to understand and use the English language effectively. The topics covered in this section are:

  • Reading Comprehension
  • Cloze Test
  • Fill in the Blanks
  • Error Detection
  • Sentence Improvement
  • Para Jumbles
  • Vocabulary
  • Grammar

Quantitative Aptitude

The Quantitative Aptitude section will test the candidates’ ability to solve numerical and mathematical problems accurately and quickly. The topics covered in this section are:

  • Simplification/Approximation
  • Number Series
  • Quadratic Equations
  • Data Interpretation
  • Arithmetic
  • Mensuration
  • Geometry
  • Algebra
  • Probability
  • Permutation and Combination

Reasoning Ability

The Reasoning Ability section will test the candidates’ ability to think logically and analytically. The topics covered in this section are:

  • Syllogism
  • Inequality
  • Coding-Decoding
  • Blood Relations
  • Direction Sense
  • Order and Ranking
  • Seating Arrangement
  • Puzzles
  • Input-Output
  • Logical Reasoning

Professional Knowledge

The Professional Knowledge section will test the candidates’ knowledge of the banking sector and credit management. The topics covered in this section are:

  • Banking Awareness
  • Financial Awareness
  • Economic Awareness
  • Current Affairs
  • Credit Policy and Procedures
  • Credit Appraisal and Analysis
  • Credit Monitoring and Recovery
  • NPA Management and Restructuring
  • Basel Norms and RBI Guidelines

How to Apply for Bank of Maharashtra Credit Officer Recruitment 2023

The candidates who are interested and eligible for the Bank of Maharashtra Credit Officer Recruitment 2023 can apply online through the official website of the bank. The online application process has started from October 23, 2023 and will end on November 6, 2023. The candidates should follow the steps given below to apply online:

  1. Visit the official website of Bank of Maharashtra, bankofmaharashtra.in.
  2. Click on the “Careers” tab on the homepage.
  3. Click on the “Recruitment Process” link on the left side of the page.
  4. Click on the “Current Openings” link on the top of the page.
  5. Click on the “Apply Online” link under the “Recruitment of Officers in Credit Scale II & III – Project 2023” advertisement.
  6. Click on the “Click here for New Registration” tab if you are a new user.
  7. Enter your basic details such as name, email id, mobile number, etc. and click on “Save & Next”.
  8. A provisional registration number and password will be generated and sent to your email id and mobile number.
  9. Login with your registration number and password and fill up the online application form with your personal, educational, and professional details.
  10. Upload your scanned photograph, signature, left thumb impression, and handwritten declaration as per the specifications given in the notification.
  11. Preview your application form and verify all the details before submitting it.
  12. Pay the application fee online through debit card/credit card/net banking/IMPS/mobile wallets etc.
  13. Take a printout of your application form and e-receipt for future reference.

FAQ about Bank of Maharashtra Credit Officer Recruitment 2023

Here are some frequently asked questions about the Bank of Maharashtra Credit Officer Recruitment 2023 along with their answers:

Q1: What is the last date to apply online for Bank of Maharashtra Credit Officer Recruitment 2023?

A1: The last date to apply online for Bank of Maharashtra Credit Officer Recruitment 2023 is November 6, 2023.

Q2: How many vacancies are there for Bank of Maharashtra Credit Officer Recruitment 2023?

A2: There are a total of 100 vacancies for Bank of Maharashtra Credit Officer Recruitment 2023, out of which 50 are for Scale II and 50 are for Scale III.

Q3: What is the age limit for Bank of Maharashtra Credit Officer Recruitment 2023?

A3: The age limit for Bank of Maharashtra Credit Officer Recruitment 2023 is between 25 years to 32 years for Scale II posts and between 25 years to 35 years for Scale III posts as on October 1,

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