Vacancy No. 25060701414 – The Union Public Service Commission (UPSC) has released a notification for the recruitment of Assistant Director (Banking) in the Serious Fraud Investigation Office (SFIO), under the Ministry of Corporate Affairs. Interested and eligible candidates can apply online through the UPSC ORA portal before 3rd July 2025.
Officially Notification – Download pdf
Key Highlights
Recruiting Body: UPSC
Post Name: Assistant Director (Banking)
Department: Serious Fraud Investigation Office (SFIO)
Ministry: Ministry of Corporate Affairs
Vacancy Number: 25060701414
Total Posts: 2 (1 EWS, 1 SC)
Job Type: Group ‘A’ Gazetted, Non-Ministerial
Location: All India Posting
Pay Scale: Level-08 (₹47,600 – ₹1,51,100)
Application Mode: Online
Last Date to Apply: 3rd July 2025
Eligibility Criteria
Educational Qualification (Any one of the following):
Chartered Accountant (CA)
Cost and Management Accountant (CMA)
Company Secretary (CS)
Chartered Financial Analyst (CFA)
Master’s in Commerce, Economics, or MBA (Finance)
Bachelor’s Degree in Law
Experience:
Minimum 1 year of experience in banking or finance, preferably in regulatory/enforcement areas.
Age Limit:
Maximum 30 years for EWS
Maximum 35 years for SC
(Age relaxation as per government rules)
How to Apply
Visit the UPSC ORA portal: https://upsconline.nic.in
Register/Login and click on “Apply Now” under Vacancy No. 25060701414.
Fill in personal, educational, and professional details.
Upload documents: photo, signature, certificates.
Pay the application fee (if applicable).
Submit the application and take a printout.
💰 Application Fee
₹25 for General/OBC/EWS (Male)
No fee for SC/ST/PwBD/Women candidates
Job Responsibilities
Investigate serious banking fraud cases
Analyze financial transactions and regulatory compliance
Coordinate with other investigative and enforcement agencies
Prepare detailed reports for legal or regulatory use
Important Dates
| Event | Date |
|---|---|
| Notification Release | 14 June 2025 |
| Last Date to Apply | 3 July 2025 |
| Print Deadline | 4 July 2025 (11:59 PM) |
| Interview Schedule | To be announced |
Important Links
📄 Official UPSC Notification PDF – Download (link to be updated)
Syllabus for Assistant Director (Banking) – SFIO
1️⃣ Banking & Financial System
Structure and Functions of Indian Banking System
RBI – Role, Functions, Monetary Policies
Basel Norms – Basel I, II, III
NPA (Non-Performing Assets) – Causes, Management, SARFAESI Act
Financial Markets – Money Market, Capital Market
NBFCs, Cooperative Banks, RRBs
Digital Banking, FinTech & UPI
2️⃣ Corporate Laws & Governance
Companies Act, 2013 – Key Provisions
Corporate Fraud & Whistleblower Policies
Role of SFIO, MCA, SEBI
Fraudulent and Unlawful Practices in Companies
Forensic Accounting Basics
Insolvency and Bankruptcy Code (IBC)
Prevention of Money Laundering Act (PMLA)
FEMA & Anti-Money Laundering Guidelines
3️⃣ Financial Statement Analysis
Ratio Analysis – Liquidity, Profitability, Solvency
Balance Sheet, P&L, and Cash Flow Analysis
Fund Flow Statement
Red flags in Financial Reporting
Auditing Principles – Types of Audit, Internal Audit
Window Dressing and Misreporting Techniques
4️⃣ Economics & Financial Regulations
Indian Economy Overview – GDP, Inflation, Fiscal Policy
Global Financial Trends affecting India
IMF, World Bank, FATF
Risk Management in Banking
Regulatory Bodies: RBI, SEBI, IRDAI
5️⃣ General Knowledge & Current Affairs
Current Developments in Banking & Finance
Recent Frauds & Financial Scams in India
Government Schemes Related to Banking & Finance
Corporate Governance News
Economic Survey & Union Budget (latest)
6️⃣ Behavioral & Situational Questions (For Interview)
Case Study Discussions on Banking Fraud
Ethics in Finance
Questions on professional experience
Decision-making in complex fraud scenarios