IFCI Recruitment 2016 for 41 Manager Posts. Industrial Finance Corporation of India (IFCI) Factors Ltd has published notification for the recruitment of 41 General Manager, Deputy General Manager, Assistant General manager, Manager and Assistant Manager in Credit, Recovery, Audit, Legal, Technical and IT functions.
Eligible candidates may apply online from 01-06-2016 to 20-06-2016. Other details like age limit, educational qualification, selection process & how to apply are given below.
About Industrial Finance Corporation of India:
At the time of independence in 1947, India's capital market was relatively underdeveloped. Although there was significant demand for new capital, there was a dearth of providers. Merchant bankers and underwriting firms were almost non-existent. And commercial banks were not equipped to provide long-term industrial finance in any significant manner.
It is against this backdrop that the government established The Industrial Finance Corporation of India (IFCI) on 1 July 1948. The newly established DFI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.
This arrangement continued until the 1990s when it was recognized that there was need for greater flexibility to respond to the changing financial system. It was also felt that IFCI should directly access the capital markets for its funds needs. It is with this objective the constitution of IFCI was changed in 1993 from a statutory corporation to a company under the Indian Companies Act, 1956. Subsequently the name of the company was also changed to 'IFCI Limited ' with effect from October 1999.
IFCI has fulfilled its original mandate as a DFI by providing long term financial support to all segments of Indian Industry. It has also been chiefly instrumental in translating the government's development priorities into reality. Until the establishment of ICICI in 1956, IFCI remained solely responsible for implementation of the government's industrial policy initiatives. Its contribution to the modernization of Indian Industry, export promotion, import substitution, entrepreneurship development, pollution control, energy conservation and generation of both direct and indirect employment is noteworthy.
IFCI Recruitment 2016 Details:
Starting Date to Apply Online: 01-06-2016
Last Date to Apply Online: 20-06-2016.
Total Number of Posts: 41
Name of the Post:
1. General Manager: 02 Posts
b. NPA Resolution and Recovery
2. Deputy General Manager: 04 Posts
b. Internal and Creadit Audit
3. Assistant General Manager (Technical): 01 Post
4. Manager: 18 Posts
a. Finance: 17 Posts
b. Legal: 01 Post
5. Assistant Manager: 16 Posts
a. Finance: 15 Posts
b. IT: 01 Post
Candidates age limit should be between 45 to 50 years for Sl No. 01, 40 to 45 years for Sl No 02, below 50 years for Sl No. 03, 30 – 35 years for Sl No. 04 & 22 – 30 years for Sl No. 05. Relaxation of age will be applicable to SC/ ST/ OBC(NCL)/ PWD/ EX Serviceman/ J & K domicile category as per GOI rules.
Educational Qualification For IFCI Recruitment 2016:
Candidates should possess Post Graduation/ MBA or equivalent or CA for Sl No. 01 (a), Sl No 02 (a & b), LLM/ LLB Preferably with MBA for Sl No. 01 (b), 04 (b), BE/ B.Tech In Civil Engg for Sl No. 03, MBA (Finance) or equivalent preferably with BE/ B.Tech or Charted Accountant for Sl No. 04 (a), Sl No. 05 (a) and BE/ B.Tech (Computer Science) or MCA for Sl No. 05 (b).
Candidates will be selected based on interview.
How to Apply For IFCI Recruitment 2016:
Eligible candidates may apply online through the website www.ifciltd.com from 01-06-2016 to 20-06-2016.
Instructions for Applying Online:
1. Candidates must scan their photograph & signature, have valid email id & contact number.
2. Log on to the website www.ifciltd.com
3. Click on “Recruitment 2016 -Please Check on Current Openings”.
4. Select the desired post & Click on Apply Now.
5. Fill all the details & submit the form
6. Now take a print out of online application for future use.
For more details like pay scale & other information click on the link given below.