Current Affairs – October 2014

  1. Noble Prize for Economics was awarded to French Economist Jeon Triole for his analysis on market power and regulation on October 13, 2014.
  2. Mc  Mary Kom was chosen as the Most Valuable Player (MVP) of India Incheon Asian Games Campaign on October 13, 2014 at the felicitation of the winners by the sponsors Samsung India.
  3. Sir Schindler Nicholas Winton was awarded with Order of White Lion of Czech Republic by the President Milos Zeman on October 28, 2014.
  4. Central Government passed an order to merge NSEL (National Spot Exchange Ltd.) with FTIL (Financial Technologies Ltd. on October 22, 2014.
  5. Serene Williams won the WTA Single Champions Ship Title 2014 defeating Simona Halep. She won US $2.05 million prize money along with Billie Jean King Trophy.
  6. Anirban Lahiri won the Venetian Macau Open Title defeating Australian scott Hend and Thai Prom Meesawat. It is his second title in 2014 and fifth win on Asian Tour.
  7. Sania Mirza and Cara Black won the BNP Paribas WTA Final Double Title by defeating defending champions Peng Shuai and Hsieh Su-Wei. They won Martina Navratilova Trophy along with US $5,00,000.
  8. Australian Author Richard Flanagan won the Man Booker Prize 2014 for his novel The Narrow Road to the Deep Earth on October 14, 2014. This was the first time Man Booker Prize was open for all the authors in English irrespective of nationalities.
  9. Kotak Mahendra Bank introduced Facebook based funds transfer platform KayPay on October 14, 2014. KayPay was built on top of the mobile based Immediate Payment System (IMPS). It was launched by National Payment Corporation of India.
  10. Arvind Subramanian was appointed as Chief Economic Advisor (CEA) in Union Finance Ministry on October 16, 2014. He was appointed for a period of 3 years on contract basis.
  11. ISRO launched IRNSS (Indian Regional Navigation Satellite System) 1C, The third navigation satellite of IRNSS on October 16, 2014. PSLV C26 injected the navigation satellite into the designated orbit from the Satish Dawan Space Centre, Sri Hari Kota.
  12. Union Government launched Deendayal Upadhyay Shramev Jayate Karyakramam on October 16, 2014. The aim of the project is to ease doing business and provide productive environment to the industrial development
  13. Rajiv Mehrishi was appointed as Union Finance Ministry Secretary replacing Arvind Marayam. Now Arvind was appointed as the Union Tourism Secretary.
  14. Dr. Raghuram Rajan, Governor of RBI was awarded with Euro Money’s Central Bank Governor of the year Award 2014 on October 10, 2014 in Washington.
  15. Hudhud is the name of the cyclonic storm occurred in Coastal Districts of Andhra pradesh and Odisha on October 12, 2014.
  16. Indian Shuttler Ajay jayaram won the Dutch pen Grand Prix Badminton Tournament on October 12, 2014.
  17. International Food Policy Research Institute (IFPRSS) released Global Health Index (GHI)on October 13, 2014. India occupies 55 position.
  18. Lewis Hamilton won the Inagural Russian Grand Prix Formula One race on October 12, 2014. Nico Rosberg stood in 2nd position in the race.
  19. Lyricist Sameer was awarded with National Kishore Kumar award for the yer2012 – 2013  on October 13, 2014. Madhya Pradesh Food and Civil Supplies Minister Kunwar Vijay Shah handed over the award to Sameer at a function in legendry singer’s birthplace khandwa.
  20. Khaled Bahah was appointed as the Prime Minister of Yemen by President on October 13, 2014
  21. Gautham Roy was appointed as the MD of Chennai Petroleum Corporation Ltd on October 14, 2014. Formerly he was the Executive Director Indian Oil Corporation (IOC).
  22. India will host the first leg of Asian Cup Archery Tournament in Delhi in January 2015. The second and third legs were allotted to Bangkok and Tehran respectively.
  23. October 15, 2014 was celebrated as Global Hand washing Day (GHD). The theme for the Day is Clean Hands and Save Lives.
  24. Venezuela, Angola, Malaysia, New Zealand and Spain  were elected as non permanent members of United Nations Security Council (UNSS). These countries will reside as non – permanent members for a term of two years from January 01, 2014.
  25. India successfully fired first long range subsonic crucial missile Nirbhay on October 17, 2014. The range of the missile is more than 1000 KM.
  26. October 17, 2014 was celebrated as International Day for Eradication of Poverty. The theme for the day was Leave no one Behind: think, decide and act against extreme poverty.
  27. Indian origin Scientist Sanjaya Rajaram received World Food Prize 2014 on October 16, 2014 for his research which led to increase the world wheat production by more than 200 million tons upon the success of Green Revolution.
  28. WHO officially declared Nigeria and Senegal as Ebola free countries. Ebola first entered into Nigeria through Liberian on July 20, 2014.
  29. FICCI (Federation of Indian Chambers of Commerce and Industry) and Ministry of Commerce and Industry had  private meeting regarding India – LAC (Latin America and Caribbean) investment on October 16, 2014 and October 17, 2014.
  30. Government allowed to launch National Ayush Mission (NAM) to attend the gaps in health services in slum areas of country.

In case of any query leave a comment below.

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Review of IBPS PO Examination October 11 & 12, 2014

IBPS PO is the most awaited examination by all most all of the aspiring bankers who are waiting to be a part of banking sector. Here is the review of the first phase of IBPS PO examination conducted on October 11, 2014 & October 12, 2014.  Most of the candidates who attempted IBPS PO Examination felt the difficulty level and pattern of questions similar to CAT paper. All most all the questions in the sections of Aptitude and Reasoning are too lengthy.

Pattern of question paper include Reasoning, English, Quantitative Aptitude, Computer Knowledge and General Awareness as per the pattern mentioned in the scheme of the examination. The difficulty level of this examination is very high. The difficulty level of all the sections individually is mentioned below –

S. NoName of the SectionLevel of Difficulty Type of QuestionsNo. of Questions can be Answered  
1Quantitative AptitudeHigh – ModerateDI16+
3EnglishModerateEconomics based paragraphs22+
4Computer KnowledgeEasyBasics15+
5General AwarenessModerateCurrent Banking27+

Quantitative Aptitude: The questions in this section are mostly on

  • DI (Pie Charts, Column Graph and Line Graph and other)
  • Equations (5)
  • Quantitative include Series Completion, Time & Distance, Profit & Loss, Trains, Mixture and Allegations (15)
  • Sufficiency

The questions in this section are difficult and too lengthy. This section doesn’t get time to review the questions.

Reasoning: This section mostly concentrated on

  • Syllogism
  • Input Output
  • Puzzle Test
  • Seating Arrangements
  • Directions
  • Data Sufficiency
  • Coding Decoding

This difficulty level of this section is too high especially in the area of Data Sufficiency.

English: The questions in this section are too tricky. This section mostly concentrated on

  • Reading Comprehension (2)
  • Sentence Improvement (5)
  • Re – Arrangement (5)
  • Cloze Test (10)

Computer Awareness: In this section mostly the questions are from basics of computer. The topics include MS Office, Networking, Hardware and Software Basics, Windows Operating System. Candidates can get out of score with good preparation.

General Awareness:  Most of questions in this section are from banking awareness. The current affairs since 6 months are given in the examination. Even the upcoming events are also given.

You can share your views on the examination below in the comment section.

Basel Accords – Things You Should Know

Basel Committee was developed by BIS (Bank for International Settlements), Switzerland to prescribe the guidelines and general norms to all the International Banks. It is the first organized committee by BIS in 1960’s in order to handle financial imbalances in the banking sector. Basel Committee formulated accords for best practice of banking sector.

History of Basel Committee:

The name Basel was given to the committee on behalf of the place where BIS is located in Switzerland i.e., Basel. Basel Committee came into existence due to the financial imbalances occurred due to the following events –

  • Financial Imbalances occurred due to the Arab-Israeli Yom Kippur War which lead to the stoppage of crude oil production.
  • The collapse of the Germany’s Bankhaus Herstatt Bank which have a lot of dealings with foreign exchange created a lot financial imbalance.
  • Franklin National Bank shut down due to the huge loss in foreign exchange.

To come out of these types of unexpected financial imbalances all the  G10 countries and Central Banks established Basel Committee. Basel Committee consists of members from state central banks. It is headed by one of the supervisors or central bankers.

Basel committee  formulated all the rules and regulations to be followed by all the central banks. Basel committee set up the rules to withstand banks from unexpected losses and protect the investment kept by customers in the banks under any circumstances. Basel Committee developed Basel Accords (Agreements) in regards of the risks faced by the banks.

Basel Accords:

Basel Accords are the agreements set up by the Basel Committee on Bank Supervision. This provides the regulation in regards of Capital Risk (risk of customer loosing the money invested in the bank/ bank losing the value of it), Market Risk (risk of decrease in the value of investment due to the instability in market factors) and Operational Risk (Risk due to fault of internal procedures, people & systems). BCBS issues 3 Basel Accords – Basel 1, Basel 2, Basel 3.

Basel 1:

Basel 1 also known as 1988 Basel Accord was issued in 1988. It mainly focuses on Capital Adequacy of financial institutions. In 1987, Latin Debt Crises made committee to know that Capital Adequacy Ratios (CAR) of international banks were deteriorating. Taking this into consideration Basel Committee to resolve this type of risk developed Basel 1 in 1988.

Basel 1 was developed based on the risk posed to the stability of the global financial system by low capital levels of active banks (international) and the competitive advantages of banks subject to lower capital requirements. Basel 1 constitutes on 4 pillars:

  • Constituents of Capital
  • Risk Weighing System
  • Target Standard Ratio
  • Transitional & Implementation Agreements

Basel Committee categorized the Capital Adequacy risk (risk faced by the financial institution due to the unexpected loss) into five categories: 0%, 10%, 20%, 50%, 100%. This accord called for all international Banks to maintain tier one core capital CAR as less than 4% and tier 2 core capital less than 8%. The committee also refined the framework to address the risks other than credit risk.

Pros of Basel 1:

  • It is so simple.
  • It lead to the transformations in the structure of the capital requirements in the banks.
  • It is unique in including off-balance sheet commitments.

Cons of Basel 1:

  • Capital requirements are moderately related to banks risk taking.
  • It is static and not adaptable to new banking activities and risk management techniques.
  • Its capital rules fails to pick up important differences between risk exposures from bank to bank.
  • Its capital rules fail to follow the innovations in banking industry.
  • Its unsophisticated measurement of bank’s credit exposure.

Basel 2:

Basel 2 was initially proposed in June 2004 to make an international standard to banking regulators about how much capital banks need to keep aside in order to face the unexpected risks. It includes BCBS recommendations on banking laws and regulations. The objective of this accord is to strengthen, supervise and enhance international banking requirements Basel 2 is about to be implemented completely by 2015.

Basel 2 uses the concept of three pillars.

  • Minimum Capital Requirements (Develop and expand the standardized rules of Basel 1)
  • Supervisory Review (Review on Financial Institution’s Capital Adequacy and Internal Assessment process)
  • Market Discipline (Encourage sound banking practices)


The main focus of Basel 2 is on these 3 pillars. Basel 1 deals with only parts of these concepts where as Basel 2 accord is made this as main objective. The major changes imposed by Basel 2 include refining the risk levels of capital adequacy calculations in small banks and to make their minimum capital requirements on inputs from their own internal credit risk models.

Basel 3:

Basel 3 was published in December, 2010 to come out of all the short comings of Basel 1 & Basel 2. The Financial crises occurred in 2007 – 2009 pressured Basel Committee to make a new accord to come out this type of crises. This made BCBS to develop Basel 3 with new capital and liquidity standards. Basel 3 made innovations on

  • Common equity
  • Capital Buffer
  • Leverage Ratio
  • Liquidity Requirements

Pillars of Basel 3:


Basel 3 was developed to make a global regulatory standard i.e., to enhance banking sector ability to deal with financial and economical stress, improve risk management and to improve bank’s transparency. Thus Basel 3 is only the continuation of efforts initiated by BCBS under the regulatory of Basel 1 and Basel 2.

Basel 3 established the toughest capital standards and strictly introduced the liquidity requirements. This accord will be phased in by national government banks by 2019. It will raise the capital from 2% to 4.5% further adding a new buffer of 2.5%.

Impact of Basel 3 on Indian Banks:

Basel 3 removes all the loop holes because of Basel 2. Basel 3 norms are based on high capital requirements for the banks. The impact of Basel 3 on Indian Banks are mentioned below –

High Capital Requirement:

Banks need to have high capital in order to follow Basel 3 norms. Banks Common equity ratio will increase with the previous CER of 6- 10 percent. However increase in the minimum capital ratio in government banks will lead to he decrease in capital. The capital requirements will be comparatively less for private banks due to their high profits and high capital ratios.

Pressure on Return Equity:

To meet the norms of Basel 3 without  the support of government banks in order to increase the capital need to increase the rate of interests for loans. This results in the decrease of return of equity. To compensate return of equity lending rates should be increased. This results in the decrease of loans indirectly the income of the banks. This will adversely effect the profit of the banks.

Pressure on Assets:

Deployment of funds on liquid assets results in the decrease in the assets and returns of the banks.

Change in Customer Mix:

As per the new norms Retail Banking have less risk compared to corporate banking. In order to earn profits banks need to shift to short term/ retail loans.

Improvement in Systems and Procedures:

In order to handle the higher capital requirements banks need to modernize and improve the practices using in the banks.

Low Cost Funding:

Low- cost deposit is the main factor to be followed  by the banks. To follow this banks need to focus on how to reach customers efficiently instead of thinking of new branches.

In case of any query please leave a comment below.



Nainital Bank Hiring for Management Trainee Positions

Nainital is a commercial bank established in 1922. It is a subsidiary of Bank of Baroda, the second largest bank in India. Nainital Bank invited the applications from the interested and eligible candidates for Management Trainee positions. The complete recruitment details are mentioned below.

Important Dates:

Last Date for Application: October 27, 2014.

Pay Scale: 

  • First Year: Rs. 18,000 PM
  • Second Year: Rs. 23,000 PM

Candidates who satisfy the requirements of the bank after these two years will be appointed as DRO’s Officers Grade/ Scale -1.

Eligibility Criteria:

Age Limitation:

Candidates should be between 18- 27 years as on 30/06/2014 (reservations are applicable).

Education Qualification:

  • Candidates should be a graduate/ postgraduate in Arts/ Science/ Commerce/ Agriculture and Management with a minimum of 55% from a recognized university/ board.
  • Proficiency in Computer Operations and Knowledge (Hindi & English).

Application Fee:

  • General Candidates: Rs. 800
  • For SC/ ST: Rs. 400

Payment of fee should be done through NEFT as

Beneficiary The Nainital Bank Limited
BranchMall Road Branch, Nainital
Type of AccountCurrent Account
Account Number 0011000000000214

Process of Recruitment:

Candidates who meet the eligible conditions will be called for Written Test followed by PI. The date and venue of the next phase of recruitment procedure will be communicated with the shortlisted candidates.

Written Test: The pattern of written test is as below –

S. NoName of the Section
1Quantitative Aptitude
4General & Financial Awareness

Candidates who got qualified in Written Test will be called for Personal Interview round.

Process of Application:

Candidates should send application form to the address mentioned below along with the following self-attested documents –

  • Certificates of Educational Qualification
  • Date of Birth Certificate
  • Post Qualification experience (if applicable)
  • Caste Certificate (if applicable) and
  • Other relevant documents

On the top of the envelope, Candidates should mention “Application for Management Trainee” in Bold Letters.

Communication Address:

The Vice President (HRM),
The Nainital Bank, Head Office,
Seven Oaks Building, Mallital,
Nainital, Uttarakhand, 263001.

You can check here for Official Notification.

You can download Application Form from here.

In case of any query please leave a comment below.

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Current Affairs – September 2014

  1. In Asian Games 2014 at Incheon second seeded Sania Mirza and Myneni won the Mixed Doubles Title (Tennis) beating the top seed Hsien Yin Peng and Hao Ching Chan.
  2. Mr. Pankaj Mishra, Indian Author won the prestigious Donald Windham Campbell Literature prize in non-fiction category for the year 2014.
  3. G.K. Pillai has been appointed as the chairman of  Tata International Ltd., which is the global trading and distribution arm of Tata Business Enterprises.
  4. Justice Handyala Lakshminarayana Swamy Dattu, Sworn in as the Chief Justice of India by the President of India, Pranab Mukherjee.
  5. The Union Cabinet granted its approval for the Swachh Bharat Abhiyan. This is officially launched on October 2, 2014.
  6.  Institute for Economics and Peace in London released Global Peace Index (GPI) for the year 2014. India came down by two ranks and has been positioned at 143 in the global rankings.
  7. In the World Bank’s latest Migration and Development Brief, India has remained the top country to receive inward remittance with a total of $71 billion just this year.
  8. The Himachal Pradesh State Tourism Department has launched an Apple Festival to display and promote locally produced apples and apple made products among tourists.
  9. Department of Telecommunications (DoT), Ministry of Communications and Information Technology set a cutoff date as July 31, 2015, for closing the much-debated merger of stressed state-run telecom companies, BSNL (Bharat Sanchar Nigam Ltd) and MTNL (Mahanagar Telephone Nigam Ltd).
  10. Mr. Narendra Modi launched the ambitious Pradhan Mantri Jan Dhan Yojana, which aims to achieve comprehensive financial inclusion. On the very first day 1.5 Crore (15 million) bank accounts were opened under this scheme.
  11. The 18 year long corruption case against former CM of Tamil Nadu, J. Jayalalitha, reached its conclusion when a special court in Bangalore presided by Special Judge John D’Cunha convicted her under the Prevention of Corruption Act.
  12. Hemant Contractor, Former MD of SBI has been chosen to head the Pension Fund Regulatory and Development Authority (PFRDM).
  13. Former CAG Vinod Rai has stressed that there is a need for selection of CAG under a collegium system on the lines of the selection process employed for Election Commissioners, Information Commissioners and Vigilance Commissioners.
  14. The renowned Hindi author, Mr. Govind Mishra received the Sarawasti Samman 2013 for his book “Dhool Paudho Par” published in 2008.
  15. Union Government announced 25 September as “Antyodya Diwas” to mark the 98th birth anniversary of Pandit Deendayal Upadhyay, a noted philosopher, historian and political activist.
  16. Hardeep Singh Puri was appointed as Secretary General of Independent Commission on Multilateralism (ICM).
  17. The International Economic Association (IEA) has appointed Kaushik Basu, Chief Economist and Senior Vice President of World Bank, as president-elect of the association.
  18. Dr Krishan Kant Paul, Governor of Meghalaya sworn in as the 15th Governor of Manipur. Manipur High Court’s Chief Justice Lakshmi Kanta Mahapatra administered the oath of office and secrecy to Dr KK Paul.
  19. Subhash Chandra Garg was selected as the ED (Executive Director) of the World Bank. The tenure of Subhash Garg will be for 3 years.
  20. To attend the gaps in health services government permitted National Ayush Mission (NAM). This judgement was taken in Union Cabinet chaired by Mr. Narendra Modi.
  21. To protect coral species and enhance tourism in Gujarat, First Coral Garden will be set up at Mithapur coastal region of Devbhoomi, Dwaraka District.
  22. Kenya’s Dennis Kimetto creates new world record in Marathon. He won the 41st edition of the Berlin Marathon in just 2 hours, 2 minutes and 57 seconds.
  23. Xi Jinping, President of China was called for Taiwan’s merger with mainland China, forming one country two-government system.
  24. World Health Federation organized World’s Health Day 2014 on September 29, 2014.
  25. An Indian Origin Girl has been nominated for International Children’s Peace Prize, 2014. This is the initiative of Kidsright children welfare organization, Amsterdam.
  26. Reliance Industries Chair person, Mukhesh Ambani topped the 100 richest tycoons list of Forbes Magazine.
  27. Indian Cricket Legend and former team Captain Kapil Dev was honored with Life Time Achievement Award at House of Lords, London.
  28. India became the 4th country in the world and 1st country in Asia to land on Mars. Mangalayan (ISRO launched satellite on Mars) successfully landed on Mars orbital on September 24, 2014.
  29. VG Mathew was appointed as CEO & MD of South Indian Bank for a tenure of 3 years on September 24, 2014.
  30. Hindi Movie “Liar’s Dice” is about to represent India in next Oscar Awards.
  31. Lt Gen Rizwan Akhtar was appointed as the new chief of Pakistan Spy Agency ISI.
  32. Sachin Tendulkar was awarded with Giants International award for his achievements in Cricket.

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South Indian Bank Recruiting Probationary Clerks

South Indian Bank one of the earliest bank in South India came into existence during Swadeshi Moment. It is one of the premier commercial banks in India. SIB is the most pro active banks in India with a competent Tech Savvy professional team at core services.

SIB invited application from all the eligible and interested candidates for the position Probationary Clerk for Branches in Madhya Pradesh. Interested candidates can apply through online on or before October 4, 2014. The complete details regarding the recruitment are mentioned below.

Important Dates:

S. NoParticularsTentative Date
1Starting Date of Online Application24/09/2014
2Last Date for Online Application4/10/2014
3Last Date for receipt of application along with the relevant documents13/10/2014

No. of Vacancies: 05 Posts

Eligible Criteria:

Age Limitation:

Candidates applying for this position should not exceed the age of 26 years as on 31/07/2014.

Educational Qualification:

  • Candidates should be a graduate from any of the recognized universities/ boards with at least 55% in engineering/ Science streams and 50% in case of other streams.
  • Candidates should be proficient in computer operations.

Other Requirements:

Applicants should undergo following criteria to apply for the recruitment procedure

  • Candidates should have permanent residence in Madhya Pradesh or
  • Candidates should be residing in the state at least from a period of 5 years or
  • Candidates should be proficient in local language apart from Hindi & English language.

Pay Scale: Rs. 7,200 – 400/3-8,400-500/3-9,900-600/4-12,300-700/7-17,200-1300/1-18,500-800/1-19,300

Selection Procedure:

Candidates are selected according to the merit in Written Test and Personal Interview.

Application Fee:

  • For SC/ ST Category: Rs. 100
  • For General Category: Rs. 400

Application Fee should be through Demand Draft in favor of  The South India Bank Ltd. payable at Ahmedabad. Candidates should mention their application ID & Name on the back of DD while Posting.

Instructions to Apply Online:

  • Open the Online Application Form available in the  Careers of SIB.
  • Register yourself and fill all the details.
  • Upload your signature and photo as per the guide line mentioned in the website.
  • Upload all the details and submit the application form.
  • Go ahead with Fee Payment.
  • Take the print out of online application and send it to the address mentioned below along with following attachments-
    • Demand Draft
    • SSLC/ 10th Certificate
    • Degree Marks Memo/ Certificate
    • Caste Certificate (if applicable)
    • Document Proof for Residential Status

Note: Candidates are advised to use Mozilla Firefox and Internet Explorer 7  & Higher to apply online. You can get Official Notification from here.

In case of any query please leave a comment below.

BOBCARDS Hiring for 70 Officer Posts

BOBCARDS is the first Non-Banking Financial Company (NBFC) in India to issue Credit Cards. It is the whole subsidiary of Bank of Baroda. The company doing business the area of Credit Cards, Merchant acquiring & debit Cards support service for Bank of Baroda. BOBCARDS Limited is having the largest network with 36 Area Offices serving the country as independent credit card company since 19 years.

BOBCARDS recently released the notification for hiring 70 Officer Assistants. The complete details regarding the recruitment are mentioned below. All the eligible and interested candidates can apply through online on or before 09/10/2014.

Important Dates:

S. NoParticulars of RecruitmentTentative Date
1Starting Date for Online Application25/09/2014
2Last Date for Online Application9/10/2014
3Starting Date for Fee Payment25/09/2014
4Last Date for Fee Payment9/10/2014
5Date of Reprint24/10/2014
6Date to Download Call Letters for Online Examination17/11/2014
7Date of Online Examination26/11/2014

Pay Scale: 12,000-800*5-16,000-900*5-20,500

Eligibility Criteria:

Age Limitation: 

Candidates should not below 18 years and not more than 30 years as on 01/10/2014.

Educational Qualification:

  • Candidates should possess graduation from any of the recognized universities with a minimum aggregate of 50% before 01/10/2014.
  • Candidates with open degree with out 10+2 are not eligible to apply for this recruitment procedure.

Application Fee:

    • For SC/ ST: Rs. 100
    • For Others: Rs. 500

The mode of payment is only through online. No other modes are acceptable.

Process of Application:

Candidates need to register with a valid Email ID and Mobile Number on the official application link of BOBCARDS.

  • Open the official website and go ahead with Career option appearing on the right side of the website.
  • You will be directed to online application and recruitment notification.
  • If you are clear with the recruitment details go forward to apply online else check the recruitment notification.
  • If you are new user go forward with Click Here For New Registration enter your basis details asked in the application and submit the application.
  • Fill the application form carefully. Once you have gone with FINAL SUBMIT button further changes are not permitted.
  • Upload your Photograph and signature as per the Guidelines.
  • After finishing with registration go with payment of Fee.
  • Then submit the application form.
  • Take the print out of application form and E- Receipt for future reference. You may take e-receipt from here.

Selection Procedure:

Candidates are selected for the posts purely on merit basis. The recruitment process includes an online examination followed by interview. Online examination and Interview shall have equal weightage. The complete details regarding the examination process is mentioned below.

Online Examination:

Online Examination is conducted in 12 different test locations all over India. The examination is conducted for 2 Hours and 30 Minutes. Negative marking of 1/4th of the marks allotted. The examination pattern will be as follows –

S. NoName of the Test MediumNo. of QuestionsMarks Allotted
1Reasoning – PracticeHindi/ English4050
2Quantitative Aptitude – PracticeHindi/ English4050
3General Awareness – PracticeHindi/ English4040
4English Language – PracticeHindi/ English4040
5Computer Awareness – PracticeHindi/ English4020


Candidates shortlisted in the online examination will be in the ratio of 5:1 to the number of vacancies. The process of interview will be held at Mumbai only.

In case of any query, please leave a comment below.

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Review of IBPS RRB Exam held on 13 – 14 Sep, 2014

IBPS RRB is the examination conducted every year to recruit the candidates into regional rural banks such as Deccan Gramina Bank, Mizoram Rural Bank and etc. IBPS RRB exam was conducted on 13/09/2014 and 14/09/2014 (Office Assistant-Multipurpose). This time candidates are tested for the patience and understanding of the too lengthy questions. All the questions in the sections of aptitude, Reasoning are data sufficiency type.

As per the examination pattern question paper had 6 sections namely Reasoning, Aptitude, Finance, English, Computer Knowledge, Professional Knowledge. The question paper was a bit tough for the candidates who went without a proper preparation. The level of difficulty and type of questions given in the examination are mentioned below.

SectionLevel Of DifficultyType Of Questions
Banking AwarenessHigh – ModerateMost Recent
English LanguageModerateParagraph
ComputersEasyMs Office
Professional (Spl)ModerateBasics


Aptitude section questions are mostly are of DI type. Time and distance, Boats and streams etc every topic is of equal weight age. All the topics are given equal weight age with merely 4 questions each.

English Language:

This section of the question paper have most questions on paragraphs, statement and corrections, Sentence Improvement and formation, Spotting errors. The difficulty level of this section of the examination is average. Candidates with perfect preparation can attempt this section pretty good and score well.

Computer Knowledge:

The easiest part of the question paper is Computer Knowledge. This time questions depth on computer knowledge is less. This section mostly concentrated on MS Office.


The difficult section in the question paper is english. Many questions are from Statements and conclusions, statements and arguments, Data Sufficiency. Mostly questions are Data sufficiency with high difficulty.


The questions are most recent one. The questions are based on the events happened after August 1, 2014. One having the habit of reading newspaper keenly and remember them can answer this section.


As this section is only for the special cadre posts others no need to bother for this section. Every candidate will get different paper belonging to their educational back ground. The questions in this section are in the level of moderate.

Candidates can share their exam reviews with us in the comment section below.

Paschim Banga Gramin Bank Recruitment 2014

Paschim Banga Gramin National Bank with head quarters at Howrah was established in 2007. It is one of the leading Regional Rural Banks in India. This banks was formed by the amalgamation of three banks Howrah Gramin Bank, Bardhaman Gramin Bank, and Mayurakshi Gramin Bank. Paschim Banga Gramin Bank released the notification regarding the recruitment of 129 Officers and Office Asst. Posts. All the impassioned bankers who meet the requirements prescribed by the bank can apply through online on or before 10 October, 2014. The complete details regarding the recruitment procedure and eligibility criteria are mentioned below.

Important Dates:

S. No.ParticularsDate
1Starting Date Of Online Registration22 September, 2014
2Last Date For Online Registration10 October, 2014
3Starting Date For Fee Payment22 September, 2014
4Last Date For Fee Payment10 October, 2014

List Of Vacancies:

S. No.Name Of the PostNo. Of Vacancies
1Treasury Officer (Scale II)1
2Law Officer (Scale II)1
3Agriculture Officer (Scale II)5
4IT Officer (Scale II)3
5General Banking (Scale II)14
6Officer Scale I37
7Office Assistant (Multipurpose)68

Eligibility Criteria:

Candidates applying for this recruitment process should be qualified in the CWE of IBPS RRBs in September or October 2013.


A candidate must be

  • a citizen of India or
  • a subject of Nepal or
  • a subject of Bhutan or
  • a Tibetan refugee who came over to India before January 1, 1962.
  • 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.

Age Limitations:

  • For Officer Scale II
    • Minimum: 21 years
    • Maximum: 32 years
  • For Officer Scale I
    • Minimum: 18 years
    • Maximum: 28 years
  • For Office Assistant:
    • Minimum: 18 years
    • Maximum: 28 years

Educational Qualification:

S. No.Name Of the PostQualificationExperience
1Office AssistantGraduationNA
2Treasury OfficerCA/ MBA1 year
3Law OfficerGraduation (Law)2 years as advocate
4Agriculture OfficerGraduation2 years
5IT OfficerGraduation (Related to IT)1 year
6General BankingGraduation2 years as officer in any bank
7Officer Scale IGraduationNA

Candidates Qualified in RRBs should meet these cut offs with respect to the category mentioned below-

S. No.Name Of the PostSC/ ST/ SC-PWD/ ST- PWD/ SC- EXS/ ST- EXSAll Others
1Office Assistant88 & Above95 & Above
2Treasury Officer103 & Above109 & Above
3Law Officer107 & Above114 & Above
4Agriculture Officer105 & Above112 & Above
5IT Officer101 & Above107 & Above
6General Banking101 & Above107 & Above
7Officer Scale I95 & Above98 & Above

Application Fee:

  1. For Officer Scale (I & II)
    • For SC/ ST/ PWD – Rs.20
    • All Others – Rs. 100
  2. For Office Assistant
    • For SC/ ST/ PWD – Rs.20
    • All Others – Rs. 100

Selection Procedure:

Selection procedure is purely based on the score of the candidates in IBPS RRB (September/ October, 2013) and Personal Interview. Merit list is done based on the Total Weighted Standard Scores (TWSS) of CWE and PI.

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Union Bank Recruitment Project 2014-2015

Union Bank of India, the leading public sector bank India with Mumbai as head quarters.Bank bags the award Fininacial Inclusion Initiative award in Global conferece on Financial Inclusion and Fee Payments. Union Bank released the notification regarding the recruitment of Dealers (Specialization segment) and Research Analysts positions (General Segment). Applications are invited from all the impassioned bankers meeting the eligible criteria. Here is the details of recruitment for different positions all the eligible and aspiring candidates can apply through online.

Details Of Recruitment

Important Dates

S. NoParticularsDate
1Starting Date Of Online Registration09/09/2014
2Last Date For Online Registration23/09/2014
3Last Date For Receipt of Print out of Computer Generated Online Application08/10/2014

Posts For Recruitment

Dealer (Specialized Segment):
Post Code: 01
Scale Grade: IV
No. Of Vacancies: 03
Pay Scale: 30600-900/4-34200-1000/2-36200
Eligible Criteria:

  1. Nationality/ Citizenship:
    A candidate must be

    • a citizen of India or
    • a subject of Nepal or
    • a subject of Bhutan or
    • a Tibetan refugee who came over to India before January 1, 1962 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.
  2. Age Limitations: 21-38 years
  3. Educational Qualification:
    • A Post Graduation Degree in Finance/ Mathematics/ Statistics/ Commerce from a university/ Institution/ Board recognized by Govt. Of India or
    • MBA/ PG DBM in Finance from university/ Board recognized by Govt. Of India and
    • Literacy in Computer Operations and word processing/ Computer Skills.
  4. Experience:
    Minimum 4 years experience as a Treasury Front Office-Domestic/ Forex Desk Of scheduled Commercial Bank.
    Candidate should be currently working as Trader/ Dealer.

Selection Process:

GD and/ or Personal Interview.

Dealer (Specialized Segment):

Post Code: 02
Scale Grade: III
No. Of Vacancies: 07
Pay Scale: 25700-800/5-29700-900/2-31500
Eligible Criteria:

  1. Nationality/ Citizenship:A candidate must be
    • a citizen of India or
    • a subject of Nepal or
    • a subject of Bhutan or
    • a Tibetan refugee who came over to India before January 1, 1962 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.
  2. Age Limitations: 21-34 years
  3. Educational Qualification:
    • A Post Graduation Degree in Finance/ Mathematics/ Statistics/ Commerce from a university/ Institution/ Board recognized by Govt. Of India or
    • MBA/ PG DBM in Finance from university/ Board recognized by Govt. Of India and
    • Literacy in Computer Operations and word processing/ Computer Skills.
  4. Experience:
    Minimum 3 years experience as a Treasury Front Office-Domestic/ Forex Desk Of scheduled Commercial Bank.
    Candidate should be currently working as Trader/ Dealer.

Selection Process:

GD and/ or Personal Interview.

Equity Research Analyst (General Segment)

Post Code: 03
Scale Grade: III
No. Of Vacancies: 01
Pay Scale: 25700-800/5-29700-900/2-31500
Eligible Criteria:

    1. Nationality/ Citizenship:A candidate must be
      • a citizen of India or
      • a subject of Nepal or
      • a subject of Bhutan or
      • a Tibetan refugee who came over to India before January 1, 1962 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.
    2. Age Limitations: 25-43 years
    3. Educational Qualification:
      • MA in Economics or MBA in Finance from university/ Board recognized by Govt. Of India.

      Applicants having Ph.D in Economics from a recognized university/ Board recognized Govt. of India will be given preference.

    4. Experience:
      Minimum of 2 years experience in Market Research activities in a Scheduled commercial Banks/ Primary Dealers/ Asset Management companies in the fields of fixed income/ equity/ Foreign exchange.

Selection Process:

GD and/ or Personal Interview.

Procedure Of Online Application

    • this website to apply for desired position.
    • Already registered candidates login with username and password new users click on new user button and fill the basic details in the application form.
    • Upload the basic details, photograph and signature as per the instructions mentioned in the website.
    • Pay the fee through online and take the print out of the e-receipt.
    • Once registration is done successfully, a password is generated note down that for future proceedings.
    • Take the print out of online application form generated.