Dear Readers,
Bank of Maharashtra has recently released the 2023-24 recruitment notification for Credit Officer Scale II & III . Here we are sharing the Important information about the latest notification about the Number of vacancies, Exam Pattern, and Syllabus for Bank of Maharashtra Credit Officer Scale according to the latest pattern. This syllabus isn't official, we have framed this syllabus based on the latest exam trends and previous year's papers.Number of Vacancies
| Post/s | Age | Total |
|---|---|---|
| Officer in Scale II | 25-35 | 50 |
| Officer in Scale III | 25-32 | 50 |
Important Dates
Events | Date |
|---|---|
Commencement date of online application | 23rd October 2023 |
Last day of the online application | 6th November 2023 |
Date of Online Examination | Will be Informed Separately |
Tentative Month of interview | Will be Informed Seperately |
Qualification
| Officer in Scale II | Officer in Scale III |
|---|---|
Bachelor’s degree in any discipline with minimum 60% marks
in the aggregate of all semesters/years (55% for SC / ST / OBC / PwBD) from a
University/ Institute recognized by Govt. of India or its Regulatory bodies. And Professional qualification(Compulsory),any one: MBA(Full
time) preferably in Banking / Finance / Banking & Finance / Marketing /
Forex / Credit from a recognized University/ Institution/ Board recognized by
Govt. of India / approved by Govt. Regulatory bodies / PGDBA / PGDBM / CA / CFA
/ ICWA / Finance Risk Manager. OR In case any candidate does not possess any of the
professional Qualification, he / she may apply for the post subject to
production of experience certificate of having worked in Specialized Branches /
controlling offices i.e. ZOs / ROs / Commercial / Corporate Credit Departments
Heads and Zonal Office level for at least 3 Years in any Public / Private /
Foreign Banks / Financial Institutions. OR Out of 3 Years post-qualification experience (as mentioned
in ‘Experience’) Minimum two year should be as a Branch Head, in case candidate
has not worked, in Specialized Branches / Controlling Offices i.e. ZOs/ ROs /
Commercial / Corporate Credits Departments Heads and Zonal in any Public /
Private / Foreign Banks / Financial Institutions. | Bachelor’s degree in any discipline with minimum 60% marks
in the aggregate of all semesters/years (55% for SC / ST / OBC / PwBD) from a
University/ Institute recognized by Govt. of India or its Regulatory bodies. OR Professional qualification(Compulsory),any one: MBA(Full
time) preferably in Banking / Finance / Banking & Finance / Marketing /
Forex / Credit from a recognized University/ Institution/ Board recognized by
Govt. of India / approved by Govt. Regulatory bodies / PGDBA / PGDBM / CA / CFA
/ ICWA / Finance Risk Manager. OR In case any candidate does not possess any of the
professional Qualification, he / she may apply for the post subject to
production of experience certificate of having worked in Specialized Branches /
controlling offices i.e. Zos / ROs / Commercial / Corporate Credit Departments
Heads and Zonal Office level for at least 5 Years in any Public / Private /
Foreign Banks / Financial Institutions. OR Out of 5 Years post-qualification experience (as mentioned
in ‘Experience’) Minimum four year should be as a Branch Head, in case
candidate has not worked, in Specialized Branches / Controlling Offices i.e.
Zos/ ROs / Commercial / Corporate Credits Departments Heads and Zonal in any
Public / Private / Foreign Banks / Financial Institutions. |
Experience
| Officer in Scale II | Officer in Scale III |
|---|---|
Post Qualification Work Experience of 3 years as an officer and should be confirmed in service and not on contract in processing of MSME / Mid & Large corporate proposals in Public / Private / Foreign Banks / Financial Institutions. Experience should be in appraisal / assessment of credit Proposals of MSME / Medium / Large Corporates and / or working as a Branch Head. | Post Qualification Work Experience of 3 years as an officer and should be confirmed in service and not on contract in processing of MSME / Mid & Large corporate proposals in Public / Private / Foreign Banks / Financial Institutions. Experience should be in appraisal / assessment of credit Proposals of MSME / Medium / Large Corporates and / or working as a Branch Head. |
Probation Period & Bond
| Name of Section | Probation Period | Amount Rs. |
|---|---|---|
| Scale III | 6 Months | |
| Scale II | 6 Months |
Selection Procedure
- The Candidate Shall be required to appear for online examination to be conducted through recruitment agency. The successful candidates shall be called for interviews in the proportion of 1:4 based on their ranking. The allocation of marks for the online examination and Interview is 200 & 100 which will be converted into 75:25 (Online examination: Interview).
Exam Pattern
| Name of Section | No. of Questions | Time allotted |
|---|---|---|
| Professional Knowledge | 50 | 60 Minutes |
| General Banking | 50 | 60 Minutes |
| Total | 100 | 120 Minutes |
Syllabus for BoM Credit Officer Scale II & III
Module A
- Overview of Credit
- Principles of lending
- Credit Policy
- Types of borrowers & types of credit facilities
- Credit Delivery
- Credit Appraisal
- Credit Rating
Module B
- Analysis of Financial Statements
- Basics of Financial statements
- Ratio analysis
- Cash flow statement
- Fund flow statement
- Project appraisal
- Working capital management
Module C
- Financial management
- Indian Financial System
- Regulatory bodies in India
- Money market and Capital market instruments
- Time value of money
- Basics of derivatives
- Leverages
- Capital budgeting
Module D
- Other credits
- Export finance
- Priority sector lending
- Non-fund based Credit Facilities
- Government sponsored schemes
- Retail loans
Module E
- Management of Impaired assets
- Documentation
- IRAC norms
- Types of charges
- Management of impaired assets
- IBC 2016
- SARFAESI ACT
Module F
- RBI circulars and related laws
- RBI circulars (1 year)
- Companies act
- Contract act 1872
- Banking regulation 1949
- RBI act 1934
- Negotiable instruments act 1881
- Payment and settlement act 2007
General Banking
- Latest RBI circulars(2 years)
- Banking news(6 months)
- Latest government schemes related to banking
- Banking products
- Basel norms
- Priority sector lending
- Indian financial system
- Capital and money market
- Important acts related to banking and finance (eg. Negotiable instruments act)
- International finance
- E-banking
- NBFCs, Small Finance and Payment banks
- Derivatives
- Mutual funds
- Insurance products
- Financial statement analysis
- Capital budgeting
- Cost of capital
- Leverages
- Ratio analysis
- Time value of money
- Break even analysis
- Working capital management
Bank of Maharashtra: Credit Officer Scale II & III 2023 Course
Course features
- Video classes for all the subjects
- Complete study material in PDF
- Test Series - 10 full-length tests
- Chapter-wise tests
- Systematic study plan
- Interview preparation guide
