About BOI Credit Officer 2022
BOI Credit Officer: BOI (Bank of India) was founded on 7th September 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalized along with 13 other banks. Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalized banks. In this blog, we will know everything related to BOI credit officer recruitment 2022.
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BOI Credit Officer Exam - Notification
Bank of India (BOI) has announced 696 vacancies for Credit Officers and other posts in various scales up to Scale IV through the official notification on 20th April 2022. According to the notice, 594 vacancies will be filled on regular basis and 102 on a contract basis. The detailed advertisement including the complete details about the BOI Recruitment 2022 is available on the official website @https://www.bankofindia.co.in/career on 20th April 2022. The online application for BOI Credit officer post will be started by BOI on 26 April 2022. The last date for filling the application is 10 May 2022.
Check the official notification here
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BOI Credit Officer Recruitment | Overview
Bank of India Recruitment process 2022 has been started for filling 696 Credit officers & other vacancies in various scales up to Scale-IV. The vacancies have been released on both a regular and contract basis. Check here the overview of the BOI Credit officer exam 2022.
| Conducting Body | Bank of India (BOI) |
| Post | Officers posts on various scales |
| No of Vacancy | 696 |
| Application Mode | Online |
| Online Registration start date | 26th April |
| Online Registration end date | 10th May 2022 |
| Exam Date | 21st August |
| Job Category | Bank Jobs |
| Job Location | India |
| Official Website | www.bankofindia.co.in |
BOI Credit officer exam 2022: Important Dates
Check here the important dates related to BOI Credit Officer exam 2022.
| Commencement of online registration of application | 26/04/2022 |
| Closure of registration of application | 10/05/2022 |
| Closure for editing application details | 10/05/2022 |
| Last date for printing your application | 25/05/2022 |
| Online Fee Payment | 26/04/2022 to 10/05/2022 |
| Exam Date | August 2022 |
BOI Credit officer Selection-Process 2022:
Online Exam Pattern
The structure of the online examination will be as under:
| Name of Tests | Maximum Marks | Duration |
| English Language | 50 | Composite Time of 150 Minutes |
| Professional Knowledge | 100 |
| General Awareness with special reference to Banking Industry | 25 |
Interview
Those who will qualify in the written exam will be called for Interview Round. The Bank may conduct the selection process only on the basis of Interview/GD without holding an online test. Accordingly, if the online examination is not conducted, an adequate number of candidates as decided by the Bank will be shortlisted for the interview based on their qualifications, experience, and overall suitability for the post.
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BOI Credit Officer Exam Pattern 2022
Candidates will go through online tests and/or GD and/or personal interviews, depending on the number of applicants/eligible candidates.
Online Exam Pattern
The structure of the online examination will be as under:
| Name of Tests | Maximum Marks | Duration |
| English Language | 50 | Composite Time of 150 Minutes |
| Professional Knowledge | 100 |
| General Awareness with special reference to Banking Industry | 25 |
Important Points:
- The tests except for the Test of English Language will be available bilingually, i.e. English and Hindi.
- The test for the English Language will be of qualifying nature.
- There will be a penalty for wrong answers marked in the Objective Tests.
Interview Pattern
- Candidates who will clear the online examination will be called for an interview.
- The total marks allotted for Interviews are 100.
- The minimum qualifying marks for the General/EWS category candidates will be 40% and for SC/ST/OBC/PWD is 35%.
- The candidates called for the interview will be at the ratio of 3:1 to the number of vacancies.
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BOI Credit Officer Eligibility Criteria
Educational Qualification
| Designation | Educational Qualification |
| Economist (MMGS-II) | PhD Degree in Economics/Econometrics |
| Statistician (MMGS-II) | Full-time PG Degree in Statistics/Applied Statistics |
| Risk Manager (SMGS-IV) | Certification in Financial Risk Management from Global Associate of Risk (GARP) or CFA/PRIMA pr CA/ICWA or Master in Finance |
| Risk Manager (MMGS-III) | Certification in Financial Risk Management from Global Associate of Risk (GARP) or CFA/PRIMA pr CA/ICWA |
| Credit Analyst (SMGS-IV) | MBA in Finance/PGDM in Finance/CA/ICWA |
| Credit Officers (JMGS-I) | Degree (Graduation) in any discipline along with MBA/PGDM/PGDM/PGBM/PGDBA or CA/ICWA/CS |
| Tech Appraisal (MMGS-II) | Graduate or PG in Formation Technology/Computer Science/ Computer Application/Electronics and Communication/Electronics |
| IT Officer – Data Centre | First Division (minimum 60% marks) in BE/B.Tech in CSE/ IT/ E&C Or First Division (minimum 60% marks) in MCA/M.Sc(IT) from recognized University/ Institute. |
Bank of India Recruitment 2022: Age Limit
Candidates can check the age limit for the Bank of India Recruitment 2022:
| Posts | Age Limit |
| Economist (On Regular Basis) | 28 -35 Years |
| Statistician (On Regular Basis) | 28 – 35 Years |
| Risk Manager (On Regular Basis) | 28 – 35 Years |
| Credit Analyst (On Regular Basis) | 30 – 38 Years |
| Credit Officers (On Regular Basis) | 20 – 30 Years |
| Technical (Appraisal) (On Regular Basis) | 25 – 35 Years |
| IT Officer- Data Centre (On Regular Basis) | 20 – 30 Years |
BOI Credit Officer Application Process
The online registration process for BOI Recruitment 2022 has been started on 26th April 2022 and will be active till 10th May 2022. The link to apply for Bank of India Recruitment 2022 is available on the official website at www.bankofindia.co.in and the direct link has been provided below for your reference.
Click Here to apply online for BOI Credit Officer
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Prerequisites for Applying Online
Before applying online, candidates should,
- Keep a scanned copy of the photograph and signature ready.
- Keep the necessary details/documents ready to make online payment of the requisite application fee/ intimation charges.
- Must have a valid personal Email ID. This should be maintained till the completion of the recruitment process.
Application Fees/ Intimation Charges
| Category | Application Fee |
| SC/ST/PWD | Rs. 175/- (Intimation Charges Only) |
| General & Others | Rs. 850/- (Application Fee + Intimation Charges) |
How to apply online for BOI Credit Officer?
- Go to the Bank's website www.bankofindia.co.in
- Click on the ‘CAREER'
- Then click on the link "Recruitment of Officers in various streams up to Scale-IV- Project No. 2021-22/3 Notice dated 20.04.2022"
- Option "APPLY ONLINE" will open a new screen.
- Choose "Click here for New Registration
- Provide the required information such as Name, Contact details, and Email-id. This will generate a Provisional Registration Number and Password.
- It is advisable to note down the Provisional Registration Number and Password
- On receiving the registration no. and password, log in to complete the application procedure.
- Fill up the personal, academic details, and communication details correctly.
- Choose the exam centre carefully.
- Then review the entered details and click on ‘FINAL SUBMIT'.
BOI Credit Officer Syllabus
You can check the syllabus of the BOI Credit officer exam 2022 here:
| Section | Topics |
|---|
| English Language | Articles, Adverbs, Verb Agreement, Idioms and Phrases, Tenses, Error Corrections, Vocabulary, Comprehensions, Grammar, Sentence Arrangements, Fill in the blanks, Synonyms, Unseen Passages, Error Correction |
| General Awareness with special reference to Banking Industry | Banking & Financial Awareness, Monetary Policies, Economic Terms, Current Affairs, Static GK, Financial & Economic News, Government Schemes, Agreement & Deals, Banking terms, rates, processes |
| Financial Management | Accounting Concepts: Marginal Costing, Social Accounting, Absolute Costing, Cost Volume Profit Analysis, Activity-based Costing, Inventory valuation, Cost Sheet and work, Target Costing, Transfer pricing, Overview of Cost Accounting Guidelines of SEBI |
| Corporate Accounting: Insurance of shares, Divisible Profits and Bonus Issues, Dividend Distribution, Final Accounts factories Act, Underwriting, Valuation of Goodwill and shares, Capital, Issues, Forfeiture, and Reissues of shares, Accounting for Amalgamation companies, Issues and Redemption of Debentures, Acquisition of Business and profits before Incorporation |
| Business Law: Provident Fund, Industrial Dispute Act, Labor Law, Process Costing, Negotiable Instruments, Gratuity Act, Redemption of preference shares, Partnership act, Contract act, Marginal Cost and Cost Volume Profit |
| Management Accounting: Ratio Analysis, Cash Flow Statement, Budgeting and Budgetary Control, Capital Market, Sources of Finance, Capital Structure, Company Law Analysis, Standard Costing and various Analysis, Capital Budgeting |
| Capital Structure: Cost of capital, Funds flow statement, Sources of Finance, Job and Batch Costing, The material, Labor cost, and Overhead cost, Financial Statement Analysis, Sources of finance, Process Costing, Contract Costing, Budgeting and Budgetary Control |
| Economics: Micro and Macro Economics concepts, Updates related to money market and RBI Policies, Money Market |
| Basic Accounting: Principle and concepts of Accounting, How the RBI, IRDA, and SEBI works – Functioning |
BOI Credit Officer Exam 2022 Vacancies:
Bank of India (BOI) has announced 696 vacancies for Credit Officers and other posts. This recruitment is based on a regular and contractual basis. Let's have a look at the vacancy details for the Bank of India vacancies 2022:
BOI Vacancies 2022: Regular basis
| Bank of India Vacancy 2022- Regular Basis |
| Economist | 02 |
| Statistician | 02 |
| Risk Manager | 02 |
| Credit Analyst | 53 |
| Credit Officers | 484 |
| Tech Appraisal | 09 |
| IT Officer – Data Centre | 42 |
| Total | 594 |
Bank of India Vacancies: Contract Basis
| Bank of India Vacancy 2022- Contract Basis |
| Manager IT | 21 |
| Sr Manager IT | 23 |
| Manager IT (Data Centre) | 06 |
| Sr Manager IT (Data Centre) | 06 |
| Sr Manager IT(Network Security) | 05 |
| Senior Manager (Network Routing & Switching Specialists) | 10 |
| Manager (End Point Security) | 03 |
| Manager (Data Centre) – System Administrator Solaris/Unix | 06 |
| Manager (End Point Security) | 03 |
| Manager (Data Centre) – System Administrator Windows | 03 |
| Manager (Data Centre) – Cloud Virtualisation | 03 |
| Manager (Data Centre) – Storage & Backup Technologies | 03 |
| Manager (Data Centre – Network Virtualisation on SDN-Cisco ACI) | 04 |
| Manager (Database Expert) | 05 |
| Manager (Technology Architect) | 02 |
| Manager (Application Architect) | 02 |
| Total | 102 |
Conclusion:
BOI Credit officer 2022 is a golden opportunity for students who are willing to join the banking industry. You can check the complete recruitment details about BOI Credit Officer in the blog above. Stay tuned to Oliveboard for all recent updates related to BOI Credit officer exam 2022.
Exam Date
21st August 2022
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