The National Board of Financial and Industrial Development (NaBFID) has just launched the much-awaited NaBFID 2024 Exam Notification which is a golden option for aspirants who want to build a career in the financial and industrial development zone. NaBFID is responsible for recruiting candidates for various positions in the finance and industrial development sector. The recently released recruitment notification has called for over 37 vacancies
The NaBFID 2024 Exam will be conducted through the online exam which is tentatively scheduled for August. The notification was released on 09, July 2024 on the NaBFID website. The notification provides all the important information about the application submission dates, eligibility criteria, exam pattern, syllabus, and so much more. The notification states that the online application will be open from July 10, 2024 to July 30, 2024. Aspirants who are eager to work with NaBFID can apply for the position immediately and make sure they fill in their applications and send in their application fees by July 30 2024 as per the notification.
If you are looking forward to improving your expertise in lending operations and increase your prospects of securing a promising career in the finance industry, then NaBFID offers the best opportunities for you. The NaBFID (National Board of Financial and Industrial Development) offers lucrative opportunities in finance for those keen on this sector. Through this blog, we will take you through the recently released notification so that you can prepare for the NaBFID exam and bring forth more success in this career. Opportunity
NaBFID Exam 2024 Notification
The National Bank for Financing Infrastructure and Development (NaBFID) has released its 2024 recruitment notification, inviting applications for various positions across different departments. The application process began on 10th July 2024, and the last date for submitting the registration forms is July 30 2024. 37 vacancies are available for different posts including Finance, Risk Management, Project Management, IT, and legal services. The selection procedure for the position includes the NABFID Exam 2024, tentatively scheduled for August 2024. The online exam will be followed by interviews. Applicants can find the detailed NaBFID 2024 Notification and apply online through the official website. This job drive is a great opportunity for those who hope to play a major role in growing and funding India’s infrastructure. Those hoping to join should apply only after ensuring they meet the eligibility criteria and follow the application deadlines.
NaBFID Exam 2024 Eligibility Criteria
The National Board of Financial and Industrial Development (NaBFID) has set specific NaBFID Eligibility Criteria 2024 for candidates interested in various roles. While the age limits have been at 21-32 years, the educational qualifications vary. For positions in Lending Operations, candidates must have qualifications like an MBA in Finance, ICWA, CFA, CMA, CA, or a Post-Graduate degree/Diploma in Finance Management.
For roles in Risk Management, qualifications include an MBA in Finance, CA, ICWA, CFA, or a Post-Graduate degree/Diploma in Finance Management. Additionally, candidates aiming to excel in risk management are encouraged to obtain certifications like FRM (Financial Risk Manager) or PRM (Professional Risk Manager).
For General Administration roles, a Post-Graduate degree/diploma in any discipline from a recognized university or institution is required. Previous work experience in an administration department of any government organization and experience with the Government e-Marketplace (GeM) is further desirable. For Accounts roles, candidates should have a Post-Graduate degree/diploma in Management with a specialization in Finance/Banking & Finance, an MBA in Finance/Banking & Finance, or ICWA/CMA/CA from a recognized university or institution. Additional desirable qualifications include CPA (Certified Public Accountant) and CFA (Chartered Financial Analyst). For more detailed information, please refer to the table below.
| Position | Age Range | Educational Qualifications |
| Lending Operations | 21 –32 years | MBA in Finance, ICWA, CFA, CMA, CA, Post-Graduate degree/Diploma in Finance Management |
| Risk Management | MBA in Finance, CA, ICWA, CFA, Post-Graduate degree/Diploma in Finance Management, FRM, PRM | |
| General Administration and Accounts | Post-Graduate degree/diploma in any discipline, Management (Finance/Banking & Finance), MBA (Finance/Banking & Finance), ICWA/CMA/CA Experience in Govt Org/GeM, Excellent communication skills, CPA, CFA |
NaBFID Exam Pattern 2024
The selection procedure for the NaBFID exam for 2024 like the previous year, will involve two phases: the online examination and a personal interview. Successful candidates in the online examination may eventually be called for an interview. If you need to get into NaBFID and begin a long and fruitful career from this year, you need to be aware of the format of the online written exam to clear the first stage. Aspirants for NaBFID need to use their understanding of all the topics in each stage to effectively navigate thethe exam clearly.
The NaBFID 2024 exam pattern & syllabus consists of four sections- English Language, Reasoning Ability& Quantitative Aptitude, Data Analysis & Interpretation and Professional Knowledge. The total time duration candidates will get to attempt the exam is 60 minutes . The NaBFID exam 2024 will also have a sectional time limit in order to help candidates manage their time more efficiently. The candidates need to get the minimum marks separately for each test and in aggregate, as instructed by the NaBFID authorities who conduct this exam. For a complete understanding on this, the best thing you can do is be familiar with the pattern and structure of the NaBFID exam. To get a more detailed insight into the NaBFID Exam Pattern, please refer to the table provided below.
| Name of the Exam | No. Of Questions | Maximum Marks | Time |
| Section (A) Objective Type | |||
| Reasoning and Quantitative Aptitude | 15 | 15 | 30 Minutes |
| English Language | 10 | 10 | |
| Data Analysis and Interpretation | 15 | 15 | |
| Subtotal – (A) | 40 | 40 | |
| Section (B) Objective | |||
| Professional Knowledge | 40 | 60 | 30 Minutes |
| Subtotal (B) | 40 | 60 | |
| Total (A) and (B) | 80 | 100 | 60 Minutes |
NaBFID Exam Syllabus 2024
For officers who are hoping to join NaBFID in 2024, the exam syllabus is meticulously divided into four major sections: (Part A) English Language, Reasoning Ability & Quantitative Aptitude, Data Analysis & Interpretation, and (Part B) Professional Knowledge. It is important for aspirants to attain a comprehensive understanding of the NaBFID syllabus to excel in the exam. Special emphasis should be placed on mastering the Reasoning Ability and Quantitative Aptitude. That’s because proficiency in these subjects is rather instrumental in boosting the candidate’s overall marks. For aspirants to clear the exam, they need to have in-depth understanding of the syllabus, which focuses on important topics and their significance in the context of the upcoming exam. You can explore the NaBFID 2024 Exam Syllabus in the table below.
| Section | Topics |
| Reasoning Aptitude | Common sense Reasoning, Coding-Decoding, Coded Inequalities, Syllogism, Coded Blood Relationship, Input Output, Ranking, Section Test Reasoning |
| Quantitative Aptitude | No. System, Percentage, Profit and loss, Ratio and proportion, Partnership, Average, Alligation, Simple and compound interest, Time and distance, Trains, Boats and streams, Permutation and combination, Probability, Quadratic equation, Series, Mensuration, DI, Age, HCF and LCM, Simplification, Approximation, Time and work and Pipe and Cisterns, Short Cut Tricks, Section Test Quant, Caselet DI, Venn diagram |
| English Language | Tense, Parts of Speech, Direct Indirect Speech, Active passive voice, Articles and Determiners, Cloze Passage, Fillers, Reading Comprehension, Rearrangement, Spotting Errors, Idioms and Phrases, Sentence Improvement, Coherent paragraph, Vocabulary, Section Test English Language, Sentence Connectors, Match the column, Subject Verb Agreement, Word Swapping / Replacement, Word Usage, Phrasal Verbs, The Hindu Editorial Discussions |
| Data Analysis & Interpretation | Tabular Graph, Line Graph, Pie Chart, Bar Graph, Radar Graph Caselet, Missing case Data Interpretation (DI), Caselet DI, Data Sufficiency, Probability, Permutation and Combination, etc. |
| Risk Management | Risk Management – Derivatives, RBI Circulars, Risk and its Types, Risk Management – Basel Norms and Exposure Norms |
| Lending Operations | Project Finance & Corporate Banking, Banking System, Risk Management, RBI and SEBI Circulars, Accounting, Financial Statement Analysis, General Management 1, General Management 2, General Management 3, Corporate Governance, Financial Institutions, Treasury |
NaBFID Exam 2024 Preparation Tips
Preparing for the NaBFID Exam 2024 is an important task for those who want to excel in the field of industrial development and finance. This blog hopes to provide some important essential strategies to help you easily prepare for the exam and increase your chances of success in the exam.
- Understand the Exam Structure: To kickstart your NaBFID Exam preparation, it’s essential to understand the exam’s structure fully. You need to gain some insight into the number of sections, question types, and the marking system. This knowledge will aid you in creating a well-organized study plan.
- Access Comprehensive Study Resources: Collect top-quality study materials that provide a thorough coverage of the syllabus. We also suggest checking out ixambee’s comprehensive NaBFID online courses to help you prepare for the exam. Find some quality books and online resources that align with the NaBFID syllabus. Utilize these resources to establish a strong foundation in all subjects.
- Time Management: Effective time management is a key to success in these exams. Make up a study schedule that gives ample time for each subject. Prioritize your weaker areas and give more time to them while ensuring you revise regularly. That way, you won’t be rushing through your exam and will be able to structure it better.
- Mock Tests and Practice Papers: Get a lot of exercises done with mock tests and previous years’ question papers to get a feel for the exam’s difficulty level and to identify your strengths and weaknesses. ixambee’s comprehensive NaBFID Mock Tests have several papers that can help you get the practice you need for the exam. Regular practice will enhance your problem-solving skills and time management.
- Stay Updated: Stay abreast of current affairs, especially in the financial and industrial sectors, as NaBFID exams often include questions about the latest developments. Read financial news and publications to enhance your knowledge. Don’t forget to check out ixambee’s General Awareness page, BeePedia to improve your current affairs knowledge.
- Join a Coaching Program: Consider enrolling in a good coaching program or online course tailored for NaBFID Exam preparation. With ixambee’s online training programs, you can for the NaBFID Exam with assistance from comprehensive resources. The programs provides expert guidance, study materials, and regular assessments to help you excel in the exam.
- Maintain Consistency: Consistency is vital in your NaBFID Exam preparation. Stick to your study schedule, maintain a positive attitude, and persevere. Consistent effort will yield significant improvements over time. Don’t stress out and let the exam preparation affect your mental and physical health. Compartmentalize where you need to and follow a balanced schedule to help you ace the exams.
- Revision and Self-Assessment: In the final weeks leading up to the exam, focus on revision. Review your notes, practice papers, and essential concepts. Additionally, conduct self-assessment tests to gauge your progress and identify areas that may still need improvement.
Summing Up
With the NaBFID notification for 2024 out, aspirants who are looking for a long and fruitful career in finance and industrial development can begin preparing for the exam. The aspirants who hope to clear the exam this year need to be mindful that they clear the eligibility criteria and apply for the exam on time. With ixamBee, aspirants can prepare for the exam systematically and succeed in their NaBFID dreams.
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