Sbi | Banks India 2013

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SBI Recruitment of Specialist Cadre Officers – 514 Jobs

State Bank of India, invites on-line applications from Indian citizens for appointment in Specialist Cadre Officers posts in State Bank Group.

SBI extented last date for registration of application and payment of fees from 28.10.2012 to 08.11.2012. Other conditions remain unchanged. Revised closure dates are as follows-

Important Dates:
On-line registration of application from 08.10.2012-08.11.12
Payment of fees – (On-line) 08.10.2012 to 08.11.2012
Payment of fees – (Off line) 10.10.2012 to 12.11.2012
Date of Written Test 02.12.2012

Educational Qualification/Experiences:
The qualification prescribed for various posts are the minimum. Candidates must possess the qualification and relevant full time post qualification experience as on 01.10.2012.
Candidates engaged in their own practice are advised to submit sworn affidavit on stamp paper showing period of post qualification experience, if called for interview.

Age Limit: The minimum age limit for the posts is 21 yrs. Candidates born on or after 01.10.1991 are not eligible to apply.

Application fees inclusive of Intimation Charges:
For  SC/ST/PWD/XS : Rs. 50/-
For Others : Rs.500/-

For the Posts and No. of Vacancies: Click here

Pay Scale:
JMGS-I : Rs. 14,500 -25,700
MMGS-II : Rs. 19,400-28,100
MMGS-III : Rs.25,700-31,500
SMGS-IV : Rs.30,600-36,200
SMGS-V : Rs.36,200-40400

Also, the selected candidates will be eligible for leased residential accommodation at place of posting. Leave and other benefits, like LFC/HTC, medical benefits, conveyance allowance and other perquisites will be as per concerned Bank’s rules.

Please Note:

  • There will be a Probation period -For JMGS-I & MMGS-II posts- Two year and For remaining posts- One year
  • A candidate can apply for only one post under this project.
  • Candidates, applying for a particular post where two or more banks have shown vacancies, should submit only one application for any bank mentioned in column D against the post. Preference of Banks will be taken at the time of interview. Allotment of Bank will be done on the basis of ranking of the candidate in the merit list.
  • Candidates should have valid email ID which should be kept active till the declaration of results. It will help him/her in getting call letter/interview advices etc. by email.

How to Apply:

Candidates will be required to register themselves online first through Bank’s website .After which candidates are required to pay the requisite application fee through one of the following mode.

(i) Offline mode (the system will generate a cash voucher/ challan form pre-printed with the candidate’s details which will be required to be presented at any State Bank of India counter with the requisite fee. On payment of the requisite fee through computer generated challan form, registration of the online application will be complete).

(ii) Online mode (the payment can be made by using debit card/ credit card/ Internet Banking).

OPTION- I : PAYMENTOF FEE (OFFLINE):
i) Candidates should first scan their photograph and signature as detailed under guidelines for scanning the photograph and signature.
ii) Candidates to visit Bank’s website and open the appropriate Online Application Format, available in the ‘Recruitment link‘. This link will be activated from October 8, 2012 onwards.

OPTION- II : PAYMENT OF FEES : [ONLINE] :
I.No fee payment challan will be generated. Fee payment will have to made online through payment gateway available thereat.
II. After ensuring the correctness of the particulars of the application form candidates are required to pay fees through the payment gateway integrated with the application, following the instructions available on the screen.

View from here the Detailed Advertisement about the recruitment drive.

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: Bank Jobs - IBPS PO and Clerk Recruitment 2012
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SBI to Get Capital Infusion By March 2012

  • State Bank of India said that Union Finance Ministry has assured that the bank would be adequately capitalized by March 2012, however, the route to re-capitalise it has not been decided yet.
  • Whether it would be a rights issue, preferential or QIP route is still not decided.
  • The Government is the largest shareholder of the bank with 59.4% holding.
  • Chaudhari said that the government has to take a call on what level of ownership it wants to maintain in the bank. If it wants to have 59.4% stake in SBI, then it would be a rights issue. If it is to be raised from the level of 59.4%, then it would be a preferential issue, if it has to be lowered, then it has to be through a QIP issue.
  • The SBI had reported a Tier-I capital adequacy ratio of 7.60% as of June 2011, against the suggested level of 8%. It is said that such a low Tier-I capital ratio provides an insufficient cushion to support growth and to absorb potentially higher credit costs arising from deteriorating asset quality.
: Banking News
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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%.
: Banking News
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State Bank of India

The evolution of State Bank of India (SBI) can be traced back to the first decade of the 19th century. It began with the establishment of the Bank of Calcutta in Calcutta, on 2 June 1806. The bank was redesigned as the Bank of Bengal, three years later, on 2 January 1809. It was the first ever joint-stock bank of the British India, established under the sponsorship of the Government of Bengal. Subsequently, the Bank of Bombay (established on 15 April 1840) and the Bank of Madras (established on 1 July 1843) followed the Bank of Bengal. These three banks dominated the modern banking scenario in India, until when they were amalgamated to form the Imperial Bank of India, on 27 January 1921.

An important turning point in the history of State Bank of India is the launch of the first Five Year Plan of independent India, in 1951. The Plan aimed at serving the Indian economy in general and the rural sector of the country, in particular. Until the Plan, the commercial banks of the country, including the Imperial Bank of India, confined their services to the urban sector. Moreover, they were not equipped to respond to the growing needs of the economic revival taking shape in the rural areas of the country. Therefore, in order to serve the economy as a whole and rural sector in particular, the All India Rural Credit Survey Committee recommended the formation of a state-partnered and state-sponsored bank.

The All India Rural Credit Survey Committee proposed the take over of the Imperial Bank of India, and integrating with it, the former state-owned or state-associate banks. Subsequently, an Act was passed in the Parliament of India in May 1955. As a result, the State Bank of India (SBI) was established on 1 July 1955. This resulted in making the State Bank of India more powerful, because as much as a quarter of the resources of the Indian banking system were controlled directly by the State. Later on, the State Bank of India (Subsidiary Banks) Act was passed in 1959. The Act enabled the State Bank of India to make the eight former State-associated banks as its subsidiaries.

The State Bank of India emerged as a pacesetter, with its operations carried out by the 480 offices comprising branches, sub offices and three Local Head Offices, inherited from the Imperial Bank. Instead of serving as mere repositories of the community’s savings and lending to creditworthy parties, the State Bank of India catered to the needs of the customers, by banking purposefully. The bank served the heterogeneous financial needs of the planned economic development.

Branches
The corporate center of SBI is located in Mumbai. In order to cater to different functions, there are several other establishments in and outside Mumbai, apart from the corporate center. The bank boasts of having as many as 14 local head offices and 57 Zonal Offices, located at major cities throughout India. It is recorded that SBI has about 10000 branches, well networked to cater to its customers throughout India.

ATM Services
SBI provides easy access to money to its customers through more than 8500 ATMs in India. The Bank also facilitates the free transaction of money at the ATMs of State Bank Group, which includes the ATMs of State Bank of India as well as the Associate Banks – State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Indore, etc. You may also transact money through SBI Commercial and International Bank Ltd by using the State Bank ATM-cum-Debit (Cash Plus) card.

Subsidiaries
The State Bank Group includes a network of eight banking subsidiaries and several non-banking subsidiaries. Through the establishments, it offers various services including merchant banking services, fund management, factoring services, primary dealership in government securities, credit cards and insurance.

The eight banking subsidiaries are:

  • State Bank of Bikaner and Jaipur (SBBJ)
  • State Bank of Hyderabad (SBH)
  • State Bank of India (SBI)
  • State Bank of Indore (SBIR)
  • State Bank of Mysore (SBM)
  • State Bank of Patiala (SBP)
  • State Bank of Saurashtra (SBS)
  • State Bank of Travancore (SBT)
Products And Services

Personal Banking

  • SBI Term Deposits SBI Loan For Pensioners
  • SBI Recurring Deposits Loan Against Mortgage Of Property
  • SBI Housing Loan Loan Against Shares & Debentures
  • SBI Car Loan Rent Plus Scheme
  • SBI Educational Loan Medi-Plus Scheme
Other Services
  • Agriculture/Rural Banking
  • NRI Services
  • ATM Services
  • Demat Services
  • Corporate Banking
  • Internet Banking
  • Mobile Banking
  • International Banking
  • Safe Deposit Locker
  • RBIEFT
  • E-Pay
  • E-Rail
  • SBI Vishwa Yatra Foreign Travel Card
  • Broking Services
  • Gift Cheques
Contact
State Bank Of India
Corporate Centre
Madam Cama Road
Mumbai 400 021
India
Website: www.statebankofindia.com
: Government Banks
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