SBI Ties-Up with ECGC to De-Risk Export Credit Portfolio
State Bank of India has said that it has de-risked its Rs 30,000 crore export credit portfolio by entering into a tie-up with Export Credit Guarantee Corporation. The export credit defaults of SBI will be guaranteed by ECGC and capital requirement for this portfolio shall drop by 80%. Currently the risk weightage for this portfolio is 100% and by going with ECGC, it will drop to 20%.
ICICI Bank Q2 Financial Results
The key highlights of the ICICI Bank Q2 Results - ICICI Bank has announced a 43% rise in consolidated profit in the September quarter, riding on demand for loans from companies and strong earnings growth at its life insurance subsidiary. Consolidated net profit increased to ,992 crore, beating Bloomberg’s estimate of ,424 crore. Earnings per share rose to from last year. On a standalone basis, profit rose 22% to ,503 crore from ,236 crore last year. The loan book rose…
Karur Vysya Bank and SBI Cards May Tie Up for Credit Cards
Karur Vysya Bank and SBI cards are likely to enter into a deal and launch co-branded credit cards for customers. The information was shared by CEO of SBI Cards, Mr Kadambi Narahari. He also said that SBI Cards is soon planning to come with its signature brand cards
SBI May Raise Saving Deposit Rate By Up To 125 bps
State Bank of India has hinted that it could increase interest rate on savings bank accounts by as much as 125 basis points after the Reserve Bank of India announced deregulation of saving bank rate in its second quarter review of monetray policy on October 25.
SBI to get Rs 8,500 cr this year as capital infusion
The State Bank of India is expected to get Rs 8,000-8,500 crore during the current fiscal. This amount is likely to be given through various instruments such as preferential shares. Once its capital base is augmented, SBI can go for a follow-on public offer or a rights offer which can be done only after this fiscal. The effort is to see that not just SBI but all the banks have 9 per cent of Tier-I capital under Basel-III norms. These norms are…
Bihar Kshetriya Gramin Bank – Office Assistant
BIHAR KSHETRIYA GRAMIN BANK (BKGBANK) invites applications for recruitment for the post of Office Assistant (Multipurpose). Candidate must be a domicile of BIHAR. REGISTRATION Starting date 01-11-2011 Last date 30-11-2011 Dates for downloading Written Test Call Letter 27-12-2011 to 13-01-2011 Test Date - DETAILS OF VACANCIES Post Code:01 Number of vacancies: 112 ( SC - 18/ ST - 01/ OBC- 30/ GEN- 63) PAY SCALE & EMOLUMENTS The total starting emoluments are approx. Rs. 12880/- per month inclusive of DA…
National Pension System (NPS Scheme)
Objective NPS or National Pension System, regulated by PFRDA, is a milestone in the development of a sustainable and efficient voluntary defined contribution pension system in India. The objectives include: To provide old age income Reasonable market based returns over the long term Extending old age security coverage to all citizens Features NPS offers following important features to help us save for retirement: A unique Permanent Retirement Account Number (PRAN) will be allotted. This PRAN can be used anywhere across…
South Indian Bank Recruitment 2011 – 60 PO Vacancies
The South Indian Bank Ltd. invites applications from candidates having one year of work experience in Scheduled Commercial Banks in the Scale 1/officer cadre for filling up vacancies of POs (Scale I). Candidates are requested to apply ON-LINE through Bank’s website. No other means/modes of applications will be accepted. System generated print-out of the applications submitted online should be duly signed and sent by ordinary post along with photo affixed thereon and other relevant documents to the address given below in…
HDFC Bank Recruitment – Business Facilitator
HDFC Bank is recruiting for the position of Business Facilitator for their Gurgaon office. Please read the details below to apply. No. of Positions One Full Time Location Gurgaon Requirements Experience - 1 - 2 Years in similar industry, Preferably Junior Executives specializing in Marketing/Business Development or equivalent. Job role in Business Development or equivalent. Age - 23-27 Years Qualification - MBA/PGDBA/PGDM in any field Responsibilities Reports To: ZSM & Business Manager Peer Roles: Coordination between functions, credit ops, Business team,…
Kotak Mahindra Bank – Telemarketing Executive
Kotak Mahindra Bank is recruiting for post of Telemarketing executives for there Goregaon Office. Here are the details - Requirements Graduate Should be fluent in Spoken English and Hindi Preferably Residing along the Western line as reporting office would be at Goregaon Job Description Responsible for Outbound Calls to existing Clients of Kotak Mahindra Bank Pitching of Life Insurance Products of Kotak Life Insurance Responsible for maintaining Database (MIS) of clients Capturing feedback Follow Up and tracking of Leads Maintaining…