NHB Assistant Manager Eligibility Criteria 2024
National Housing Bank, a government-owned entity headquartered in Delhi, operates with regional offices in Mumbai, Ahmedabad, Hyderabad, Bangalore, and Kolkata. Its primary task is to regulate housing finance companies nationwide. NHB periodically advertises vacancies on its official website, including positions such as General Manager, Deputy GM, Assistant GM, Manager, Assistant Manager, and various contractual roles like Chief Financial Officer, Economist, MIS, Chief Economist, Senior Application Developer, Application Developer, Senior Project Finance Officer, and Project Finance Officer.
The NHB Assistant Manager Notification 2024 was released on June 28, 2024 and the application deadline will be open from June 29, 2024 to July 19, 2024. The NHB recruitment 2024 eligibility conditions are one of the prime factors to be noted in addition to the details of selection procedure, NHB Assistant Manager exam dates, and other important aspects. If you are getting ready to apply for the NHB Assistant Manager Scale 1 notification 2024 you need to abide by the specific eligibility criteria, otherwise you won’t be eligible to apply for the NHB Assistant Manager Exam 2024.
One other important factor to consider before applying for the NHB Assistant Manager exam 2024 is the NHB Assistant Manager Previous years’ cutoff that will assess the exam difficulty and help aspirants prepare for the exam well.
Let’s check the detailed NHB AM eligibility criteria 2024 for better understanding of the exam’s qualifications as given below.
NHB Assistant Manager 2024 Nationality Criteria
According to the NHB Assistant Manager notification’s eligibility criteria, a candidate must be either:
- A citizen of India or
- A subject of Nepal or a subject of Bhutan or a Tibetan refugee (who came over to India before 1st January 1962) with the intention of permanently settling in India or
- A person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India,
Candidates in either of the above category should produce a certificate of eligibility, issued by Government of India in their favour, as part of NHB Assistant Manager eligibility criteria, for them to be eligible to apply for the NHB AM exam.
NHB Assistant Manager 2024 Educational Qualification
Every recruitment process requires the candidates to possess certain educational qualification/s to be eligible for an exam. In order to be eligible for the NHB AM recruitment exam, you need to possess a valid Graduate or Post Graduate degree in any field with a certain percentage as prescribed in the National Housing Bank Assistant Manager notification. The detailed criteria, will be issued with the new notification. Please refer to the table below:
| Post | Minimum Educational/Professional Qualification | Minimum Post-qualification Experience (as on July 01, 2024) |
|---|---|---|
| Chief Economist (On Contract/ Deputation) |
|
|
| General Manager (Project Finance) | Graduate in any discipline with Chartered Accountant | Minimum 15 years of experience in the Banks/ Fis/ regulated lending entities of which minimum 12 years in handling credit / project finance in Banks/ Fis/ regulated lending entities and the current post held by the candidate should be at Scale – VI or equivalent in PSBs / Grade D in AIFIs/equivalent in lending entities |
| Assistant General Manager (Credit) |
| Minimum 10 years of experience as an officer in the Banks/ FIs/ Regulatory bodies/regulated lending entities of which minimum 8 years of experience in either in Corporate Credit or Project Finance. The current post held by the candidate should be at Scale – IV in PSBs / Grade C in AIFIs/equivalent in lending entities. |
| Deputy Manager (Credit) | Graduate in any discipline along with ICWAI/ICAI/CFA/MBA (Finance) or equivalent/FRM from GARP/PRM from PRMIA | Minimum 2 years of experience as an officer in the Banks/ FIs/ Regulatory bodies/regulated lending entities either in Corporate Credit or Project Finance. The current post held by the candidate should be at Scale – 1 in PSBs / Grade A in AIFIs or equivalent. |
| Senior Project Finance Officer (on contract) | Graduate in any discipline CA/ICWA/MBA (Finance) or equivalent will be preferred. | Officers with minimum working experience of 15 years in SCBs/Financial Institutions of which minimum 10 years of experience in handling Credit/ Project Finance. The last post held by the candidate in SCBs/FIs should be at SMG Scale V & above in PSBs or equivalent to Grade D & above in Financial Institutions or equivalent. The last drawn gross salary should not be less than that of SMG Scale-V of IBA scale. |
| Project Finance Officer (on contract) | Officers with minimum working experience of 10 years in SCBs/ Financial Institutions of which minimum 5 years of experience in handling Credit/ Project Finance. | Officers with minimum working experience of 10 years in SCBs/Financial Institutions of which minimum 5 years of experience in handling Credit/ Project Finance. The last post held by the candidate in SCBs/FIs should be at MMG Scale III & above in PSBs or equivalent to Grade B & above in Financial Institutions or equivalent. The last drawn gross salary should not be less than that of MMG Scale-III of IBA scale. |
| Protocol Officer Delhi (On Contract) | Graduate in any discipline from a recognized university/institution | The candidate should be a retired officer from RBI/PSB/FI in India and should have worked in Senior Management level. Minimum 25 years of experience in RBI/PSB/FIs in India out of which at least 05 years work experience should be in the area of Public Relation/Protocol Duty. |
| Application Developer (on contract) | B.E. (CS/IT)/B.Tech. (CS/IT)/MCA/Mtech (CS/IT)/B.Sc. (CS/ IT)/M.Sc. (CS/IT) | Greater than 24 months to less than <48 months (Relevant experience as per the Job |
Please Note:
The candidates who possess post-qualification experience will be given preference
- Basic written and oral communication skills, analytical ability & a basic understanding of the economy will be expected from a candidate
- Final year candidates waiting for their final result are not eligible to apply.
NHB Assistant Manager 2024 Age Criteria
Besides this, you should check and follow the prescribed age limit as mentioned in the NHB Assistant Manager recruitment notification 2024. As per the recently released notification, the age deadline is July 01, 2024 Further details on the NHB age limit for Assistant Manager and other posts can be obtained from below.
| S. No. | Post | Minimum Age | Maximum Age |
|---|---|---|---|
| 1 | Chief Economist (on Contract/Deputation) | - | 62 Years |
| 2 | General Manager (Scale – VII) | 40 Years | 55 Years |
| 3 | Assistant General Manager (Scale-V) | 32 Years | 50 Years |
| 4 | Dy. Manager (Scale – II) | 23 Years | 32 Years |
| 5 | Assistant Manager (Scale-I) | 21 Years | 30 Years |
| 6 | Senior Project Finance Officer (on Contract) | 40 Years | 59 Years |
| 7 | Project Finance Officer (on Contract) | 35 Years | 59 Years |
| 8 | Protocol Officer (on Contract) | 50 Years | 62 years |
| 9 | Application Developer (on Contract) | 23 Years | 32 Years |
NHB Assistant Manager Age Relaxation
The reserved category candidates will be provided certain relaxation in the upper age limit. The age relaxation is permitted only on a cumulative basis. The reserved category candidates will only be able to avail the relaxation against the reserved vacancies only. If there are no reserved vacancies, the reserved category candidates will be treated as ‘Unreserved’ candidates. There will not be any kind of reservation for the Ex-servicemen in the Officers’ cadre in the NHB AM exam.
| Sr. No. | Category | Age Relaxation | ||
|---|---|---|---|---|
| 1 | Other Backward Classes (Non-Creamy Layer) | 3 Years | ||
| 2 | Scheduled Caste/ Scheduled Tribe | 5 Years | ||
| 3 | Ex-servicemen (including ECOs/SSCOs) provided applicants have rendered at least 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within 6 months) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or/on account of physical disability or have been released on account of physical disability attributable to military service or on invalidment. ECOs/SSCOs who have completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues certificate that in case of selection they would be released within three months from the date of receipt of offer of appointment | 5 years | ||
| 4 | Persons with Benchmark Disabilities (PwBD) as defined under “The Rights of Persons with Disabilities Act, 2016” | PwBD (UR) | 10 Years | |
| PwBD (OBC) | 13 Years | |||
| PwBD (SC/ ST) | 15 Years | |||
Post -Qualification Experience
Preference shall be given to candidates with prior work experience in relevant fields for posts like General Manager (Project Finance), Deputy GM (CFO), Assistant GM (Economist), Deputy Manager (Economist/ MIS), Chief Economist and some other post in contract basis. For Assistant Manager (General and Hindi) though no prior experience is mandatory, weightage shall be given to candidates with relevant experience. For detailed information refer to the table below.
General Instructions
- Before applying, candidates should ensure they meet all eligibility criteria for age, education, category, etc., as of the specified date for the post. The information provided in the application form must be accurate. If any candidate is found to have provided incorrect information or omitted important facts, their candidacy will be canceled.
- The decision of the Bank regarding eligibility, document verification, and other recruitment processes will be final. Candidates should keep a printed copy of their application form for future reference.
- Multiple applications are not allowed; only the latest valid application will be considered, and fees for multiple registrations will not be refunded.
- Multiple appearances in interviews/exams will lead to rejection, and once registered, applications cannot be withdrawn, and fees will not be refunded or reserved for other exams.
- Prepare thoroughly for the forthcoming NHB Assistant Manager exam 2024 by utilizing our comprehensive study materials. Access our National Housing Bank (NHB) Online Course tailored specifically for this exam, designed by our subject-matter experts to enhance your understanding and proficiency. Additionally, take advantage of our NHB Assistant Manager Mock Test to simulate exam conditions, assess your readiness, and refine your exam-taking skills. Equip yourself with the best resources needed to excel in the exam and achieve your goals. Wishing you All the Best!
