IIFCL Recruitment 2023 The India Infrastructure Finance Company Limited (IIFCL) has announced its latest recruitment notification for the post of Assistant Manager Grade A (Regular) for the year 2023. As per the notification, a total of 26 vacancies are available for this position, and interested candidates can submit their applications online through the official website of IIFCL . The online application process will begin on 11th March 2023 and will end on 2nd April 2023.
The IIFCL is a government-owned financial institution that provides long-term financing for infrastructure projects in the country. It was established in 2006 and is headquartered in New Delhi. The IIFCL plays a crucial role in the development of infrastructure in India by providing financial assistance to various sectors such as energy, transport, and urban development.
The Assistant Manager Grade A position is a vital role in the organization, and the selected candidates will be responsible for assisting in the evaluation and appraisal of infrastructure projects, analyzing financial statements, and preparing project reports. The job also requires the candidates to maintain relationships with various stakeholders, including government agencies, financial institutions, and project developers.
To apply for the Assistant Manager Grade A position, the candidate must have a degree in Engineering, Finance, Economics, or Commerce from a recognized university. Additionally, the candidate should have at least two years of work experience in infrastructure finance, project appraisal, or credit analysis. The age limit for the candidate is 30 years as of 1st January 2023.
The selection process for the Assistant Manager Grade A position consists of two stages. The first stage is an online examination that will test the candidate’s knowledge of infrastructure finance, financial analysis, and general aptitude. The second stage is an interview that will assess the candidate’s communication skills, domain knowledge, and suitability for the role.
In conclusion, the IIFCL Assistant Manager Grade A Recruitment 2023 is an excellent opportunity for candidates interested in the infrastructure finance sector. The job offers a competitive salary package and a chance to work in a dynamic and challenging environment. Interested candidates are advised to read the official notification carefully before applying and ensure that they meet the eligibility criteria.
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Notification & Application & Study Materials எடுக்கத் தெரியவில்லை என்றால் இந்த வீடியோ பாருங்க 👉👉👇👇 : https://youtu.be/aIJ8nvm8KLw
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Quick Information About IIFCL Recruitment 2023
| Department Name | India Infrastructure Finance Company Limited |
| Category of this Job: | central Government Job |
| Job Type : | Permanent government Jobs |
| Total Vacancies: | Various + post |
| Name Of The Vacancy: | Assistant Manager Grade A (Regular) Posts |
| Place Of Postings: | All over India and Tamil Nadu |
| Application starting Date: | 11.03.2023 |
| Application Ending Date: | 02.04.2023 |
| Apply Mode On: | Online Mode |
| Official Website Link : | https://www.iifcl.in/ |
Disclaimer:
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Vacancy details For this job:
Vacancy Name = Assistant Manager Grade A (Regular) Posts
Education criteria :
All candidates must have 10 th to Any Degree for this recruitment.
Full details for this IIFCL Recruitment 2023
As of now, the educational qualification required for the post of Assistant Manager Grade A (Regular) includes a post-graduation degree in any discipline, an MBA, a PGDM, an LLB, a BA+LLB (5 year), a CA, or a B.Tech/B.E degree.
This means that candidates applying for this position should have completed their graduation in any of these fields and should hold a relevant post-graduation degree or professional qualification.
The requirement of such diverse educational qualifications reflects the broad nature of the role of Assistant Manager Grade A (Regular).
This position involves a wide range of responsibilities, including but not limited to, formulating policies and implementing them, supervising the work of subordinate staff, managing projects, liaising with external agencies and stakeholders, and providing expert advice to senior management.
A post-graduation degree in any discipline can be beneficial for candidates who want to pursue a career in this field, as it provides them with a solid foundation in a particular subject area. An MBA or PGDM degree can be particularly helpful for candidates who want to develop their managerial and leadership skills, as it covers topics such as finance, marketing, human resources, and operations management.
An LLB or BA+LLB degree can be useful for candidates who want to work in the legal department of an organization, as it provides them with a deep understanding of the legal system and its workings. A CA or B.Tech/B.E degree can be advantageous for candidates who want to work in specialized areas such as finance or engineering.
However, educational qualifications are not the only factors that determine the suitability of a candidate for the role of Assistant Manager Grade A (Regular). Other factors such as work experience, communication skills, leadership potential, and problem-solving ability also play a crucial role in determining a candidate’s suitability for this position.
Therefore, candidates who possess the required educational qualifications, as well as these additional skills and attributes, are likely to be the most successful in their careers as Assistant Managers Grade A (Regular).
In conclusion, the post of Assistant Manager Grade A (Regular) requires candidates to possess a diverse range of educational qualifications, including post-graduation degrees in various disciplines, an MBA or PGDM, an LLB or BA+LLB, or a CA or B.Tech/B.E degree. However, these qualifications alone do not guarantee success in this position
. Candidates must also possess the necessary skills and attributes, such as work experience, communication skills, leadership potential, and problem-solving ability, to excel in this role. By combining these qualifications and skills, candidates can build a successful career as Assistant Managers Grade A (Regular).
IIFCL Recruitment 2023: Assistant Manager Grade A (Regular)
The India Infrastructure Finance Company Limited (IIFCL) has released its official notification for the recruitment of Assistant Manager Grade A (Regular) posts. According to the notification, the maximum age limit for the post is 30 years as of 28th February 2023, while the minimum age limit is 21 years. However, there is a relaxation of 5 years for SC/ST candidates, 3 years for OBC candidates, and 10 years for Persons with Disabilities (PWDs). For SC/ST PWDs, the relaxation is 15 years, and for OBC PWDs, it is 13 years. Ex-servicemen are also eligible for relaxation as per the Government of India rules.
The selected candidates for Assistant Manager Grade A (Regular) will receive a salary of Rs. 28150-1550(4) – 34350 -1750(7) – 46600 – EB – 1750(4) – 53600 – 2000(1) -55600 (17 years).
The selection process will be done through Preliminary Screening, written examination, behavioural examination, and interview. The decision of IIFCL in selecting the candidates will be final and binding. The candidates need to apply online through the link provided on the official website of IIFCL from 11.03.2023 to 02.04.2023. The application fee for UR/EWS/OBC candidates is Rs.500/-, while for ST/SC/PWD candidates, it is Rs.100/-. The payment should be made through online mode only.
Candidates should ensure that the data they provide regarding work experience, age, education qualification, etc., is correct. If any discrepancies are found, the candidature is liable to be cancelled, and no representation in this regard will be entertained.
In conclusion, interested candidates who satisfy the eligibility criteria can apply for the IIFCL Assistant Manager Grade A (Regular) post online before 02.04.2023.
About IIFCL:
IIFCL stands for India Infrastructure Finance Company Limited, which is a wholly-owned government of India company established in 2006. The primary objective of IIFCL is to provide long-term financial assistance to infrastructure projects in India. The company is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) and is classified as a Public Financial Institution (PFI).
IIFCL was established to address the significant funding gap in the infrastructure sector in India. Infrastructure projects require huge amounts of capital, and traditional sources of funding, such as commercial banks, are not always able to meet this demand. IIFCL was established to bridge this gap and provide long-term financial assistance to infrastructure projects in the country.
The company provides financial assistance to infrastructure projects through various means, including direct lending, refinancing, and credit enhancement. IIFCL operates under the aegis of the Ministry of Finance, Government of India, and is governed by a board of directors. The chairman of the board is appointed by the government, and the other members are appointed by the board itself.
IIFCL’s key objectives include:
- Providing long-term financial assistance to infrastructure projects in India.
- Facilitating the flow of long-term debt into infrastructure projects.
- Promoting and facilitating the development of the infrastructure sector in the country.
- Mobilizing resources from domestic and international sources to fund infrastructure projects in India.
IIFCL has been instrumental in financing several critical infrastructure projects in the country, including power plants, airports, highways, ports, and railways. The company has also played a significant role in promoting Public-Private Partnership (PPP) models for infrastructure projects.
Direct Lending by IIFCL
IIFCL provides direct lending to infrastructure projects in the country. The company has a range of financing options, including loans, mezzanine finance, and quasi-equity. The tenure of the loans is typically long-term, ranging from 10 to 20 years, which is essential for infrastructure projects that require long gestation periods.
IIFCL’s direct lending is governed by a set of guidelines and criteria, which include the viability of the project, the promoter’s track record, and the financial and technical capability of the project’s implementing agency. The company also has a comprehensive due diligence process to evaluate the project’s technical, financial, and legal aspects before sanctioning a loan.
Refinancing by IIFCL
IIFCL also provides refinancing to infrastructure projects in the country. Refinancing is the process of taking over the existing debt of an infrastructure project and providing a new loan with better terms and conditions. Refinancing helps infrastructure projects reduce their debt servicing costs, which can be significant, given the long-term nature of infrastructure projects.
IIFCL’s refinancing is typically available to projects that have been operational for at least one year and have a proven track record of generating revenue. The company has a set of guidelines and criteria for refinancing, which includes the project’s viability, the promoter’s track record, and the financial and technical capability of the project’s implementing agency.
Credit Enhancement by IIFCL
IIFCL also provides credit enhancement to infrastructure projects in the country. Credit enhancement is a process by which the credit rating of an infrastructure project is improved, which helps the project secure funding at a lower cost. Credit enhancement can be in the form of guarantees, letters of credit, or any other instrument that helps improve the credit rating of the project.
IIFCL’s credit enhancement is governed by a set of guidelines and criteria, which include the project’s viability, the promoter’s track record, and the financial and technical capability of the project’s implementing agency. The company also has a comprehensive due diligence process to evaluate the project’s technical, financial,
Important Dates For This Job:
| Application starting Date: | 11.03.2023 |
| Application Ending Date: | 02.04.2023 |
Official Notification & Application IIFCL Recruitment 2023
| IIFCL Recruitment 2023 Official Website Link | CLICK HERE |
| IIFCL Recruitment 2023 Official Notification Link | CLICK HERE |
| IIFCL Recruitment 2023 Official Apply Link | CLICK HERE |
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Notification & Application & Study Materials எடுக்கத் தெரியவில்லை என்றால் இந்த வீடியோ பாருங்க 👉👉👇👇 : https://youtu.be/aIJ8nvm8KLw
👇 HERE YOU CAN JOIN OUR SAI VIKRAM ACADEMY FAMILY👇
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