FSIB IFCI Vacancy Released for the position of DMD, Check Eligibility and Apply
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IFCI has released notification for recruitment of candidates to the post of DMD (Deputy Managing Director). All details related to this recruitment are given below. The Last date for submitting the completed online application is June 20, 2025 by 5:00 pm IST. The DMD is a member of the Board of Directors and is responsible for assisting the Managing Director & Chief Executive Officer (MD & CEO)
| Last Date to Apply | 20 June 2025 till 5:00 PM |
| Salary | Rs.1,76,800- 2,24,000/- (Level 14A) |
| Maximum Age Limit | 55 Years |
Eligiblity
Age: The maximum age of entry for both internal as well as other candidates shall be 55 years as on 21-March-2025 (i.e. date of vacancy).
Educational Qualification: Candidate should have a post graduate degree preferably in Economics/Commerce/ Business Administration/ Finance or a graduate degree with professional qualification of Chartered Accountancy, Cost Accountancy, Chartered Financial Analyst or equivalent. Any additional qualification with specialization in the field of Infrastructure Development/Project Finance will be considered desirable.
Experience (Experience requirements shall be assessed as on 21-March-2025):
a) Minimum 18 years of experience as on the date of vacancy in different verticals/domains, in Scheduled Commercial Banks (SCBs)/ Financial Institutions (FIs) / Public Sector Organisations in Financial Sector including 2 years of operational experience preferably in Project Finance/ Credit Appraisal/ Large Corporate Credit.
b) Of these 18 years, at least 2 years of experience should be at the highest level below the Board level. (The positions as specified above should have been held on substantive basis).
Selection Process
Selection will be based on Shortlisting and Personal Interview. Applications received shall be screened and shortlisted for interview based on experience and eligibility conditions. Final selection of the candidate will be done by the Financial Services Institutions Bureau (FSIB).
Duration of Service
The assignment shall be for a period of three years and may be extended by upto two years based on performance provided that no person shall hold the office of DMD, IFCI Ltd. after attaining the age of 60 years. For All India Service officers/Central Services Group ‘A’ officers and officers from PSBs, extant guidelines on deputation tenure shall apply.