Due to the social and economic damages caused during the Second World War and great famines, the need for reconstruction funds increased immensely. So, many countries were compelled to set up institutions for mitigation of damages. After Independence, the Reserve Bank concentrated on the development of the institutional building in India. General needs were met with commercial banking in the country which was fairly developed during this period. To meet the specialized need for the development of small, medium and large scale industries by meeting their capital needs RBI established Development financial institutions (DFIs). Specialized banking institutions such as the Industrial development bank of India (IDBI), National Housing Bank (NHB), National Bank for Agriculture and Rural Development (NABARD), Small Industries Development Bank of India (SIDBI), etc., were set up with majority ownership of the RBI. Drona website provides necessary information on the banking system for the aspirants. The primary aim of these financial institutions is to provide long-term financing for the development of industry and agriculture.
Industrial development Bank of India is widely known as IDBI bank. It was formed in 1964 and is a subsidiary of RBI to finance and support budding industries in India. However, as per the RBI Act, in 2004 IDBI Bank was recognized as a scheduled bank. IDBI is the tenth largest development bank in the world regarding penetration. IDBI had collaborated with Manipal Global Education and is offering a Graduate Diploma in Banking and Finance (PGDBF). Candidates who complete this program will be inducted as a ‘Grade A’ Assistant Manager in the IDBI. IDBI recruits’ assistants and Manger assistants by conducting an online examination to induct most qualified people for the posts. NABARD and SIDBI also releases notification to recruit assistant managers and managers. The SBI PO, SBI clerk, IBPS PO and IBPS clerks are some of the most popular related posts. These jobs come under government posts. The candidates qualified in the online exam will have to attend an interview and the overall merit will be considered for filling the posts. The Assistant exam consists of 150 objective type questions carrying 150 marks, whereas for assistant manager exam 200 questions of objective type will be asked carrying 200 marks. Good grip over current affairs and GK is also necessary along with mathematical aptitude to clear the exams. The candidates selected for assistant managers have to undergo nine-month training and two-month internship. After that, the successful candidates will be posted as Grade, An assistant managers in the IDBI bank.
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