SBI Assosiate Banks Recruitment for Clerks

State Bank of India (SBI) is the largest commercial bank in India. It was established in 1973 with head quarters at Mumbai. It was awarded with IBA Technology Awards for best Mobility Technology & Financial Inclusion. SBI recently released an official notification regarding the recruitment of clerical cadre to its five associate banks to fill up 6425 vacancies in all over India. All the aspiring and the eligible candidates can apply on or before 09/12/2014. The complete details of recruitment are mentioned below.

Important Dates:

S. NoParticularsTentative Date
1Commencement of Online Registrations20/11/2014
2Closing of Online Applications09/12/2014
3Payment of Fee Online20/11/2014-09/12/2014
 4Payment of Fee Offline22/11/2014-11/12/2014

List of Vacancies:

SBI recruitment for clerical cadre has been announced. The list vacancies with respect to the category is mentioned below.

S. NoName of the BankCategoryPWDEx-Ser
SCSTOBCGENTotalVIHIOHXSDXS
1State Bank of Mysore116501963637257877233
2State Bank of Patiala30726271596120012221324054
3State Bank of Travancore15820348774130013121413058
4State Bank of Bilaner & Jaipur16212020751110001129109840
5State Bank of Hyderabad3051976411057220020202020492
Total1048413166333016425636364744277

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

Probation Period:

Candidates whoever got recruited will undergo a minimum probation period of 6 months. Candidates performance will be evaluated before the completion of probation period. Probation period of candidates will be extended if in case his/ her performance does not meet banks expectations.

Eligibility Criteria:

Age Limitation:

Candidates age should not be less than 20 years and maximum age should not exceed 28 years as on 01/12/2014.

Educational Qualification:

Candidates should be a graduate from a recognized university/ board or an equivalent qualification recognized by the central/ state government. Candidates should be able to speak and write and English.

Application Fee:

S. NoCategoryFee
1SC/ ST/ PWDRs. 100
2OBC & GenRs. 600

Selection Procedure:

Candidates are selected based on the score obtained in written test and interview. Written test is online objective examination. It comprises of 5 sections conducted for a total of 200 Marks. The test pattern is as mentioned below.

S. NoSectionMarksTime Allotted
1Reasoning402 Hours 15 Minutes
2Quantitative Aptitude40
3General English40
4General Awareness40
5Marketing Aptitude/ Computer Knowledge40

For every wrong answer 1/4th of the marks will be deducted from the candidates marks. Candidates are shortlisted from written test to interview in the ratio of 3:1.

In interview candidates should get a minimum qualifying score. Candidates will be tested for proficiency in local language. This will carry 10% weightage from the total marks.

Process of Application:

  • Open the Official Website of SBI and go to the link careers with us.
  • It will direct you to the online application form.
  • Fill in all the details mentioned in the application form.
  • Upload your photograph and signature as per the instructions mentioned in the website.
  • Check the details mentioned in the application form and submit it.
  • Now move forward to payment.
  • Once payment is done take the print out of the online application form for future reference.

Check the Official Website from here.

You can get Official Notification from here.

You can Apply Online from here.

In case of any query please leave a comment below.

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Federal Bank Recruitment – Officer Scale -1 Posts

Federal Bank, is one of the leading commercial private sector banks in India with head quarters at Aluva, Kerala. It has more than 1200 branches, supported by 9 zonal offices and 39 Regional Offices. Federal Bank recently released a notification to recruit inspiring & eligible candidates for admissions into Federal Manipal School of Banking. Candidates who got selected in this recruitment process will be enrolled for 1 year in Post Graduate Diploma in Banking & Finance, after finishing they will be appointed as Officer Scale-1. The complete details of recruitment procedure are mentioned below.

Important Dates:

S. NoParticularsTentative Date
1Opening of Online Registrations17/11/2014
2Fee Payment17/11/2014 & 24/11/2014
3Closing of Online registrations24/11/2014
4OEBS & Admit Card Download Date26/11/2014
5OEBS Closing Date28/11/2014
6Tentative Dates of Written Examination06/12/2014 & 07/12/2014

Pay Scale: Rs. 14, 500-600/7-18,700-700/2-20,100-800/7-25,700

Eligibility Criteria:

  • Age Limitation:Candidates age should not exceed 26 years as on 01/11/2014.
  • Educational Qualification:Applicants should be graduate from a recognized university or board with a minimum aggregate of 60%.

Place of Domicile:

Candidates should belong to any one of the states mentioned below-

  • Chandigarh
  • Gujarat
  • Haryana
  • Karnataka
  • Maharashtra
  • Pondicherry
  • Punjab
  • National Capital Region (NCR)
  • Tamil Nadu

Application Fee:

S. NoCategoryFee
1SC/ STRs. 200
2GeneralRs. 400

Application fee should be paid through NEFT only no other mode of fee payment is not allowed. Transaction details are mentioned below-

Account Number10010200150362
Account NameTHE FEDERAL BANK RECRUITMENT APPLICATION FEE
IFSC CodeFDRL0001001

Service Agreement:

Candidates need to sign service agreement for 3 years with the bank. If in case candidates leave the banking before service period need to pay Rs. 1,00,000.

Probationary Period:

Candidates selected in the recruitment process will undergo a minimum probationary period of 1 year.

Mode of Selection:

Candidates will be selected based on the score s obtained in Written Test, Group Discussion & Personal Interview.

Written Test:

Written test consists of 5 sections each comprising of equal marks i.e., 15 marks. There will be a negative marking of 0.25 from candidates marks for every incorrect answer. The test pattern is as mentioned below.

S. NoSectionNo. of QuestionsMarks AllottedTime Allotted
1Reasoning151560 Minutes
2English Language1515
3Aptitude1515
4General & Financial Awareness1515
5Marketing Awareness1515

 Application Process:

  • Open the Official Website of Federal Bank and go to the Careers link.
  • Download the Fee Challan from the site and continue with the Process of Fee Payment.
  • Once Fee Payment is done Open the Official Website and open the link Admissions to FMSB – December 2014 Batch.
  • Click on Apply Online
  • Fill in all the details mentioned in the application form.
  • Upload your Photograph, Signature as per the instructions mentioned in the website.
  • click on Submit after checking all the details mentioned in the application form.
  • Take the print out of the online application form for future reference.

Check Official Website from here.

Download Official Notification from here.

Download Fee Payment Challan from here.

Apply Online for the recruitment process from here.

In case of any query please leave a comment below.

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IBPS Recruitment 2015 – Specialist Officer-IV

Institute of Banking Personnel Selection (IBPS) recruits eligible candidates to various participating banks for different cadre. IBPS selects candidates to Specialist Officer Positions through a Common Recruitment Process (CRP) which includes Written Test followed by an Interview. Candidates with minimum qualifying marks in written test will be only forwarded to the phase of interview. IBPS recently released an official notification regarding the recruitment of Specialist Officers Scale 2015. All the eligible and interested candidates can apply through online on or before 09/12/2014. The complete details regarding the recruitment are mentioned below.

List of Vacancies:

IBPS recruiting Specialist Officers Scale -1 in different cadre. The list positions of recruitment is mentioned below.

S. NoName of the Post
1I.T. Officer (Scale – 1)
2Agriculture Field Officer (Scale – 1)
3Rajbhasha Adhikari (Scale – 1)
4Law Officer (Scale – 1)
5HR/ Personnel Officer (Scale -1)
6Marketing Officer (Scale – 1)

Important Dates:

S. NoParticularsTentative Date
1Online Registration18/11/2014 – 09/12/2014
2Payment of Application Fee18/11/2014 – 09/12/2014
3Download of Call Letter for ExaminationAfter 03/02/2015
4Online Examination14/02/2015 & 15/02/2015
5ResultsFebruary, 2015
6Download of Call Letter for InterviewMarch, 2015
7Interview ScheduleMarch, 2015
8Provisional AllotmentApril, 2015

 Eligibility Criteria:

Nationality:

Candidates 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 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 with the intention of permanently settling in India.

Age Limitation:

Candidates age should not be below 20 years and should not exceed 30 years as on 01/11/2014.

Educational Qualification:

S. NoName of the PostEducational Qualification
1I.T. Officer (Scale – 1)
  • B. Tech/ B.E in CS/ Compute Applications/ IT/ Electronics/ ETC/ EC/ EI or
  • PG in Electronics/ ETC/ EC/ CS/ IT/ Computer Applications or
  • Graduate having passed DOEACC ‘B’ Level
2Agriculture Field Officer (Scale – 1)4 years Degree in Agriculture/ Horticulture/ Animal Husbandary/ Veterniary Science/ Dairy Science/ Agri Engineering/ Fishery Science/ Pisciculture/ Agri Marketing & Co operation/ Co operation & Banking/ Agro- Forestry
3Rajbhasha Adhikari (Scale – 1)
  • PG in Hindi with English as a subject at the Degree level or
  • PG in Sanskrit with English & Hindi as subjects at degree level
4Law Officer (Scale – 1)LLB and enrolled as advocate at bar council
5HR/ Personnel Officer (Scale -1)Graduate and
Full Time PG or Full time Post Graduate Diploma in Personnel Management/ Industrial Relations/ HR/ HRD/ Social Work/ Labour Law
6Marketing Officer (Scale – 1)Graduate and

  • Full Time MBA (Marketing)/
  • Full Time 2 years PGDBA/ PGDBM with specialization in Marketing

Application Fee:

S. NoCategoryFee
1SC/ ST/ PWDRs. 100
2For OthersRs. 600

Selection Procedure:

Candidates are selected based on the performance in written test and interview. Candidates with minimum qualifying marks in Written Test will be forwarded to Interview. The scheme of examination is mentioned below.

Examination Pattern:

The test pattern consists of 4 sections with a total of 200 Marks. For every wrong answer there will be a deduction of 0.25 from candidates marks.

Law Officer & Rajsabha Adhikari:

S. NoSectionMaximum MarksTotal Time
1Reasoning50120 Minutes
2English Language25
3General Awareness50
4Professional Knowledge75

For Others:

S. NoSectionMaximum MarksTotal Time
1Reasoning50120 Minutes
2English Language25
3Quantitative Aptitude50
4Professional Knowledge75

Process of Application:

  • Open the Official Website of IBPS.
  • Click on Apply online for CWE -SPL -IV.
  • Click on New User Registration to start the registration process.
  • Fill in the details mentioned in the application from. Once you submit the application form it will generate an Username & Password and note down it.
  • Login with your username & password and update your details in the website.
  • Upload your Photograph & Signature as per the guidelines mentioned in the website.
  • Now move forward to payment.
  • Once payment is done submit all the details after ensuring the details mentioned by are correct.
  • Take the print out of the application form for future reference.

Download the Official Notification from here.

You can Apply Online from here.

In case of any query please leave a comment below.

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IBPS RRB 2014 Results & Cutoffs

Institute of banking personnel selection (IBPS) conducted RRB examination for selecting candidates to various positions such as Probationary Officers, Specialist Officers and Clerical Cadre to Regional Rural Banks from September 6, 2014 to September 27, 2014. 56 Rural banks are participating in this phase of recruitment process.

Many candidates had applied for this examination. Candidates selected in this examination will be forwarded to interview held by RRB. IBPS recently declared the results of RRB examination conducted between September 6, 2014 to September 27, 2014.  Here is the list of cut of marks and review of the RRB examination.

Cut Off Details for Different Positions:

IBPS RRB examination have 6 sections in common for different cadre. Candidates need to attain minimum qualifying marks in each of the sections in order to qualify in the examination. Cut off marks for different positions individually in each section are mentioned below.

For Office Assistant Scale – I:

S. NoSectionMarksCut off marks
SC/ ST
OBC/ Gen
1Reasoning4013 & above18 & above
2Numerical Ability4017 & above22 & above
3General Awareness4010 & above13 & above
4English Language4013 & above17 & above
5Hindi Language4019 & above23 & above
6Computer Language4016 & above20 & above
Net weighted score70 & above80 & above

For Officer Scale -1:

S. NoSectionMarksCut off marks
SC/ STOBC/ Gen
1Reasoning4013 & above17 & above
2Quantitative Aptitude407 & above11 & above
3General Awareness406 & above9 & above
4English Language407 & above11 & above
5Hindi Language4014 & above17 & above
6Computer Language4010 & above13 & above
Net Weightage Score70 & above80 & above

For Officer Scale -II (GBO):

S. NoSectionMarksCut off marks
SC/ STOBC/ Gen
1Reasoning408 & above12 & above
2Quantitative Aptitude & Data Interpretation404 & above7 & above
3Financial Awareness404 & above6 & above
4English Language408 & above12 & above
5Hindi Language4013 & above17 & above
6Computer Language4012 & above15 & above
 Net Weightage Score70 & above80 & above

For Officer Scale-II IT, Law, Treasury, Marketing & Agriculture Officer:

S. NoSectionMarksCut off marks
SC/ STOBC/ Gen
1Reasoning408 & above12 & above
2Quantitative Aptitude & Data Interpretation404 & above7 & above
3Financial Awareness404 & above6 & above
4English Language408 & above12 & above
5Hindi Language4013 & above17 & above
6Computer Language4012 & above15 & above
7Professional Knowledge – IT4010 & above13 & above
8Professional Knowledge – CA4021 & above23 & above
9Professional Knowledge – Law405 & above7 & above
10Professional Knowledge – Treasury405 & above7 & above
11Professional Knowledge – Marketing4010 & above13 & above
12Professional Knowledge – Agriculture405 & above7 & above
Net Weightage Score70 & above80 & above

For Officer Scale-III:

S. NoSectionMarksCut off marks
SC/ STOBC/ Gen
1Reasoning405 & above8 & above
2Quantitative Aptitude & Data Interpretation402 & above4 & above
3Financial Awareness405 & above7 & above
4English Language407 & above12 & above
5Hindi Language4011 & above15 & above
6Computer Language4011 & above14 & above
Net Weightage Score70 & above80 & above

Candidates in order to merit the examination need to qualify in section wise scoring and total wise scoring. Candidates whoever qualify in both the level will be placed in the merit list.

Check the Official Website from here.

Check your IBPS RRB CWE Score from here.

View official cutoff list from here.

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SSC Recruitment Exam Schedule 2015

Staff Selection Commission (SSC) with head quarters at New Delhi. It have seven regional offices in all over India. It is attached to Department of Personnel and Training (DoPT). SSC recruits candidates to the Vacancies in various ministries of Government of India and its sub ordinate offices. All the non-technical Group C posts in various ministries and all the defence examinations are recruited by SSC.

SSC Board recruits candidates for different positions it includes Combined Graduate Level Examination for recruiting various sub-ordinate services, Combined Higher Secondary Examination for recruiting DEOs & Lower Divisional Clerks, Constable Examinations, Junior Engineer Examination and etc. Candidates are wholly recruited based on the performance in the written test conducted by SSC.
SSC has recently released the list of tentative exam dates going to held in year 2015. Candidates can check below Tentative SSC Exam Calender for the year of 2015.

Tentative Schedule of Examinations:

S. NoName of the PostDate of AdvertisementClosing of RegistrationsDate of Examination
1Combined Graduate Level Examination (Tier – II)18/01/201424/02/201424/01/2015 25/01/2015
2Rectt. Of SI in CAPFs, ASI in CISF and SI in Delhi Police Examination28/02/201527/03/201524/05/2015
3Combined Graduate Level Examination (Tier – I)14/03/201513/04/201514/06/2015 21/06/2015
4Constable (GD) Examination07/11/201406/12/2014PET – Feb – March 2015 Written Test – 12/07/2015
5Combined Higher Secondary Examination11/04/201510/05/201519/07/2015 02/08/2015 09/08/2015
6Junior Engineer Examination (Civil, Electrical & Mechanical)29/03/201527/04/201530/08/2015
7Stenographer Gr C & Gr D09/05/201508/06/20156/9/2015
8Jr Hindi Translator in Sub Ordinate Office Examination06/06/201505/07/201527/09/2015
9Multi Tasking Staff (Non-Technical) Examination01/08/201531/08/2015Paper I – 08/11/2015 15/11/2015 29/11/2015 Paper II – 31/01/2016

Departmental Exams:

S. NoName of the PostDate of AdvertisementClosing of RegistrationsDate of Examination
1Clerks Grade (Multi Tasking Staff) Examination17/01/201516/02/20155/4/2015
2Grade C Steno Ltd. Depttl. Comp. Exam7/3/20156/4/201531/05/2015
3Upper Division Clerk Ltd. Depttl. Comp. Exam12/9/201511/10/201520/12/2015

Eligibility Criteria:

SSC Board is about to conduct recruitment exams for various sub ordinate offices of various ministries of Govt. of India. SSC released the official notification regarding the tentative examination schedule of all the recruitment exams. Here is the list of eligibility criteria & educational qualification of various examinations.

S. NoName of the PostAge Limitation Educational Qualification
1Combined Graduate Level Examination (Tier – II)SI (18 – 27) Statistical Investigator (Less than 26) SI in CBI 20-27Graduation
2Rectt. Of SI in CAPFs, ASI in CISF and SI in Delhi Police Examination20-25Graduation
3Combined Graduate Level Examination (Tier – I)18-27Graduation
4Constable (GD) Examination18-23Matriculation
5Combined Higher Secondary Examination18 – 2710+2
6Junior Engineer Examination (Civil, Electrical & Mechanical)18-27Diploma in relevant engineering
7Stenographer Gr C & Gr D18-2710+2
8Jr Hindi Translator in Sub Ordinate Office ExaminationLess than 30 yearsGraduation with Hindi/ English as main subjects
9Multi Tasking Staff (Non-Technical) Examination18-25Matriculation
10Clerks Grade (Multi Tasking Staff) Examination18-2710+2
11Grade C Steno Ltd. Depttl. Comp. Exam18-27Matriculation, Shorthand
12Upper Division Clerk Ltd. Depttl. Comp. ExamLess than 50 yearsLess than 50 years

You can get the Official SSC Schedule Notification 2015 from here.

In case of any query please leave a comment below.

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Syndicate Bank PO Vacancies – Training and Job

Syndicate Bank in association with Manipal University & NIITE University recruits candidates every year for PO with 1 year Training in Banking & Finance Sector. 1 year Post Graduate Diploma program will be handled by Manipal University & NITTE university. Candidates who finish 1 year diploma in course will be recruited as Probationary Officer Management Grade I.

One batch of 200 students will be inducted in Manipal Global Education Services Pvt Ltd, Bangalore(MaGE) and another batch of 200 students will be inducted in Nitte Education International Pvt Ltd, Greater Noida(NEIPL) through this current selection exercise for 2014-15, total around 400 students.

The complete details of recruitment are mentioned below.
Important Dates:

S. NoParticularsTentative Date
1Opening of Registrations5/11/2014
2Closing of Registrations18/11/2014
3Online Fee Payment5/11/2014 to 18/11/2014
4Downloading of Admit CardsAfter 16/12/2014
5Examination Date (Tentative Date)27/12/2014

Intake List:

Every year through the recruitment process 400 students will be selected and got trained in the NIITE & Manipal Universities. The category wise students intake list is mentioned below.

S. NoCategoryIntake
1Unreserved201
2OBC108
3SC60
4ST30
Total400

Application Fee:

S. NoCategoryFee
1SC/ ST/ PWDRs. 50
2General & OthersRs. 500

Course Fees: The total program fees will be Rs. 3.5 Lacs (all inclusive of boarding, Lodging and course fees, other fees, etc.) plus service taxes.

Education Load and Fees Financing: Students can finance the course fees by availing an Education Loan which will be granted by Syndicate Bank as per Synd Vidya Scheme. Students can therefore obtain a high quality specialized course in Banking and Finance without any monetary burden on them and fully financed by the Bank. The EMIs for the loan would start on completion of the course duration (i.e. one year from admission). There would be no recovery of EMIs or interest during the training period and the interest accrued during this period would be recovered along with the normal EMIs. The EMIs are spread over
a period of 84 months (7 years) to ensure that there is minimal impact in the monthly earnings of the PO.

Stipend and Incentives: During nine months class room training the students shall be paid a sum of Rs 2500/- pm as stipend and during the three month internship in the branch a stipend of Rs 10000/- pm shall be paid.
The successful candidates who join the bank as Probationary Officers shall be paid loyalty bonus of Rs1,00,000/- per year for next five years after completion of five years of satisfactory service in bank subject to education loan being regular if availed.

Salary and Remuneration: Syndicate Bank hasn’t disclosed the salary it will be offering to the PO candidates joining the bank but our guess is that it will be same as regular PO salary.

Eligibility Criteria:

Nationality:

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, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

Age Limitation:
Candidates should not be below 20 years and should not exceed 30 years of age as on 01/10/2014.

Educational Qualification:
Applicants must be graduate in any discipline with a minimum aggregate of 60% from any recognized university or board or any equivalent qualification certified by central government.

Selection Procedure:

Candidates are selected on the scores in Online test followed by Group Discussion & Interview.

Pattern of Written Test:

S. NoPaperNo. of QuestionsMarks AllottedTime Allotted
1Reasoning50502 Hours
2Quantitative Aptitude5050
3English Language5050
4General Awareness5050

Application Procedure:

  • Open the Official Website of Syndicate Bank.
  • Click on Apply Online and go ahead with new user registration.
  • It will direct you to the application form. Fill in all the details mentioned in the application form.
  • Upload your photograph & signature according to the Instructions mentioned in the website.
  • Check all the details carefully and click on Final Submit.
  • Move to payment.
  • Once payment is done take the print out of application form for future reference. Note down your user id and password generated.

You can download E-Receipt from here.
You can get the Official Notification from here.
You can Apply Online from here.
You can get Instructions to Apply Online from here.
In case of any query please leave a comment below.
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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.

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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+
2ReasoningHighDS18+
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)

pillar

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:

basel3

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
IFSC CodeNTBL0NAI001

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
2English
3Reasoning
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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