Thursday, August 23, 2012

ALLAHABAD BANK-SINGLE WINDOW OPERATOR 'A'

Allahabad Bank has issued notification against recruitment of 1100 Single Window Operator ‘A’ Vacancies under Clerical Cadre. Candidates who have taken CWE for Clerical Cadre conducted by IBPS 2011-12 and who have a valid IBPS Score Card are only eligible to apply.

Single Window Operator:
1100 posts


Qualifications: 

Candidates who are pass outs of 10+2 or equivalent with minimum 60% marks or those who possess a Degree in any discipline from recognized University are eligible to apply.

Age Limit: 
Candidates’ age must be between 18 years to 28 years.


Application Fee Details: 

Applicants need to pay application fee of Rs. 100/- (Rs. 20/- for SC/ST/PWD/EXSM/DisEXSM/DXS candidates) in form of Payment Challan downloaded from Bank’s website at any branch of Allahabad Bank in Account No.50114140153  in the name & style of  ‘Allahabad Bank SWO-‘A’ Recruitment Project-2012-13’.

How to Apply: 

Candidates need to apply for the post only through Online mode on or before 23-08-2012. After successful submission of Online Application candidates must take print out of application form and retain it carefully along with all other necessary enclosures including payment receipt, to be produced at the time of Interview, if called for.

Important Dates:
Payment of Application Fee: from 08-08-2012 to 23-08-2012
Starting Date for Online Registration: 08-08-2012
Last Date for Online Registration: 23-08-2012
Last Date for Reprint: 07-09-2012

Click here for complete notice:
http://www.allahabadbank.com/recruitment.asp

VIJAYA BANK PROBATIONARY CLERKS 800 POSTS RECRUITMENT

Vijaya Bank, a leading listed Public Sector Bank, having Head Office in Bangalore, with all India representation, invites Online applications from young & Dynamic Candidates who have qualified in the Common Written Examination (CWE) for Clerks conducted by IBPS in 2011 and holding a valid score card issued by IBPS, for recruitment for the posts of Probationary Clerks.

Probationary Clerks : 800 posts in various States of India

 Pay Scale : Rs. 7200 - 19300

Age : 18-28  years

Qualification : Graduate in any discipline and IBPS CWE score 138 & above for General candidates and 113 & above for SC/ST/OBC/PWD

Application fee : Rs.100/- (Rs.20/- for SC/ST) should be  paid by directly in any of the Vijaya Bank Branches by payment challan only.

How to Apply :  Apply Online at Vijaya Bank Website  from 16/08/2012 to 05/09/2012 only.


For more Details visit http://vijayabank.com/vijaya/vijaya/internet-en/menus/announcements/RecruNoticeMainPage.html

1000 CLERICAL VACANCIES IN KARNATAKA BANK LTD

Karnataka Bank Ltd., a leading technologically advanced private sector Bank with a pan-India footprint, offers exciting opportunities for dynamic individuals to join its highly competent workforce as Clerks to be positioned at its Branches/Offices located across India. The Bank invites applications for Clerical post from Indian citizens who have taken the Common Written Examination for Clerical Cadre conducted by IBPS in 2011.
2. No. of candidates to be selected : Around 1000 (aggregate of candidates to be placed in select list & waitlist )
3. Eligibility Candidates should have obtained not less than the minimum IBPS score cut off in the Common Written Examination conducted for Clerical cadre in 2011.
MINIMUM CUT-OFF SCORE IN CWE HELD IN 2011
Particulars
IBPS Score cut-off
Test of Reasoning (TR)
24 & above
Test of English Language EN)
24 & above
Test of Numerical Ability (NA)
24 & above
Test of General Awareness (GA)
24 & above
Test of Computer Knowledge (CK)
24 & above
Candidates should be able to produce the Score card in support of the scores mentioned in the online application form, if called for interview.
4. Qualification Graduates with a minimum of 50% marks /equivalent grade from any recognized university. Candidates should be computer literate and able to speak Hindi & English.
5. Age Limit 28 years as on 01.08.2012 i.e. candidates born on or after 31-07-1984 only are eligible to apply. The age limit will be relaxed by 5 years for SC/ST candidates
6. Application Fee (Non refundable) ` 100/- [` 20/- in the case of SC/ST candidates] to be paid to the Bank as explained in para 10.
7. Selection Only those candidates who are qualified in the Common Written Examination for recruitment of Clerical personnel conducted by IBPS in 2011 and possess a valid score card issued by IBPS and depending upon ranking in the order of merit based on the Total Weighted Standard Score shall be called for a personal interview in the ratio of 1:4. The Bank reserves the right to vary the above ratio in any manner as it deems fit.
Number of applications will be restricted to 1000 per state/union territory in the descending order of merit in the respective states/UT.
However, the total number of candidates to be interviewed will be only 4000.
If the number of applications received from various states exceeds the total number of candidates to be interviewed, then the number of candidates per state/UT to be interviewed will be further reduced in proportion to the number of applications received from each state/UT versus total applications received.
If the total number of applications received is less than 4000, then all candidates will be considered for the interview.
However, the number of candidates to be called for interview will depend on the state-wise vacancies.
The details of date and venue of the interview will be will be made available on Bank’s website. No allowances/reimbursement will be payable/made for attending the interview. Selected candidates should execute a Bond to work for a minimum period of three years.
8. Appointment & Emoluments Selected candidates will be on probation for a period of six months and on satisfactory completion of the probationary period, will be confirmed, subject to rules and regulations of the Bank. Salary as per Industry Level Settlements (Cost to Company comes to around ` 16500/-p.m.)
9. Eligible candidates are advised to apply online only between 21-08-2012 to 02-09-2012 (inclusive of both days) through the Bank’s website after carefully going through the instructions contained in this advertisement. No other means/mode of application will be accepted.
Important Dates
Opening date of Online Registration Gateway
21-08-2012
Closing date of Online Registration Gateway
02-09-2012
10. How to Apply
Candidates possessing minimum scores in the CWE conducted by IBPS in 2011 in individual tests as stipulated
above should only apply.
Before registering their applications on the website, candidates should follow the instructions hereunder:
(i) Eligible candidates are required to apply Online through the Bank’s website (http://www.karnatakabank.com). No other means/mode of application is acceptable/ entertained.
(ii) Candidates are required to have a valid personal email ID and Contact No. (the same email ID and Contact Number as registered with IBPS CWE Clerk 2011). It should be kept valid for the duration of the recruitment process. In case the candidate does not have a valid e-mail id, he/ she have to create a new email id before applying online.
(iii) For Candidates having account with Karnataka Bank Ltd., Application Fees can be remitted through Multi Branch Banking (MBB). No cash will be accepted.
(iv) For Candidates having account with any other Bank, Application Fees can be remitted through National Electronic Fund Transfer (NEFT). No cash will be accepted.
(v) The details of the account to which the fee is to be remitted are as follows:
Account Name:
KB–Clerical Post–Application Fees
Account No.:
5132000100016301
Bank Name:
Karnataka Bank Limited
Type of Account:
Current Account
Branch Name:
Mangalore-Head Office Complex Branch
Branch Address:
Karnataka Bank Limited, Head Office Complex Branch,
Mahaveera Circle, Kankanady,Mangalore – 575 002
IFSC Code:
KARB0000513
(vi) Candidates have to ensure that the above details are obtained from their Bank. The following details should invariably be mentioned while applying online. For Karnataka Bank Customers – MBB Transaction Id with Branch Code For other Bank Customers - NEFT Reference Number/Transaction Number Date of Remittance Amount Remitted Account Holder’s Name Type of account – Savings, Current etc. Bank Name and Address IFSC Code
(vii) The payment towards recruitment application fees can be made from 21-08-2012 onwards, but before the close of business hours on 02-09-2012. Even if the Bank extends the last date of registration of online applications due to technical reasons, the valid dates during which the payment should be made as indicated above will not be changed.
(viii) After remitting the application fee, logon to our Bank’s website http://www.karnatakabank.com and follow the link Careers. Then click “Recruitment Of Clerks (2012-13)”. Then click “Apply Online”. An online application will open. Fill up all the details required in the application and click “Submit” available at the bottom of the online application and the online application will be registered. A Registration Number and Password will appear on the screen. Kindly note this information for future use. Candidates are required to take a printout of the online application using the above registration number and password. The printout of application form is required to be submitted at the time of interview.
(ix) Interview Call letters will be made available on Bank’s website for the shortlisted/eligible candidates which may be downloaded by them using the Registration Number and Password generated while applying for the post. A list of all such candidates called for interview along with details such as date, time and venue of the interview will be hosted on the Bank’s website. Candidates are requested to regularly visit the Bank’s website and keep track of the status of their candidature, from time to time.
(x) Candidates are required to bring the following during interview along with other requisite documents:
(a) Interview Call Letter downloaded from the Bank’s website.
(b) Print out of the system generated Online Application Form obtained at the time of registration of online application.
(c) Original counterfoil of Application Fees i.e. the counterfoil of the Branch from where the MBB/NEFT payment has been made.
11. General Instructions
1. Before applying for the post, candidates should ensure that he/she fulfills the eligibility and other norms mentioned in the advertisement. Decision of the Bank in all matters regarding eligibility of the candidates, the stages at which scrutiny of such eligibility is to be undertaken, the documents to be produced for the purpose of the conduct of the interview, selection and any other matter relating to recruitment will be final and binding on the candidates. No correspondence or personal enquiries shall be entertained by the Bank on this behalf.
2. Merely satisfying the eligibility criteria norms do not entitle the candidate to be called for interview. The Bank reserves right to call only the requisite number of candidates for interview after preliminary screening/short-listing with reference to the candidate’s age, qualification, essential requirements, suitability, Score obatained in CWE etc. Subject to their being medically fit for employment, the selected candidates will be initially appointed on probation. The Bank reserves the right to reject any application without assigning any reason and no correspondence in this regard will be entertained.
3. Merely being invited by the Bank for the interview shall not imply that the Bank has been satisfied beyond doubt the candidate’s eligibility. Candidates who do not satisfy the eligibility criteria and who do not produce the photocopies as well as the originals of all the documents required to be submitted as advised in this advertisement as well as in the interview call letter, for any reason, whatsoever, shall not be permitted to participate in the interview, even though they may have obtained the desired level of score in the Written examination and have been called for interview.
4. The Bank reserves the right to reject any application/candidature at any stage or cancel the conduct of interview/recruitment process without assigning any reason.
5. In case it is detected at any stage of recruitment that a candidate does not fulfill that eligibility norms and/or that he/she has furnished any incorrect/false information/certificate/documents or has suppressed any material fact(s), his/her candidature will stand cancelled. If any of these shortcomings is/are detected even after appointment, his/her services are liable to be terminated.
6. Any resultant dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts situated at Mangalore.
7. Appointment of selected candidates is subject to his/her being declared medically fit as per the requirement of the Bank. Such appointment will also be subject to the Rules of the Bank.
8. Online application once made will not be allowed to be withdrawn and fees once paid will not be refunded on any count nor can it be held in reserve for any other recruitment or selection process.
9. All candidates must submit the Xerox copies of the prescribed certificates at the time of interview in support of the educational qualifications, experience, date of birth, caste, Score card issued by IBPS etc. The candidates belonging to SC/ST category are required to submit an attested copy of their caste certificate issued by the competent authority in addition to other certificates as specified above. Candidates will also have to produce original caste certificate/relevant certificates at the time of interview, failing which his/her candidature will be cancelled.
10. Canvassing in any form will be a disqualification.
11. Action against candidates found guilty of misconduct : Candidates are advised in their own interest that they should not furnish any particulars that are false, tampered, fabricated or should not suppress any material information while filling up the ‘Online’ application.
12. Bank reserves the right to change the selection procedure, if necessary. The change, if any, shall be communicated to the candidates in advance.
13. Bank would be free to reject the candidature of any candidate at any stage of the recruitment process, if he/she is found to be ineligible. If appointed, such candidates may be summarily removed and the fees paid by the ineligible candidates shall be forfeited.
14. Decision of the Bank in respect of all matters pertaining to this recruitment would be final and binding on all candidates.
It is for the candidate to ensure that he/she has met the eligibility criteria and complied with the requirements and adhered to the instructions contained in this advertisement as well as in the application form. Candidates are, therefore, urged to carefully read the advertisement and complete the application form online and submit the same as per instructions given in this regard.
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Wednesday, August 1, 2012

FIRST QUARTER REVIEW OF MONETARY POLICY 2012-13


First Quarter Review of Monetary Policy 2012-13
Monetary and Liquidity Measures
1. On the basis of the current assessment and in line with the policy stance outlined in Section III, the Reserve Bank announces the following policy measures.
Repo Rate
2. It has been decided to retain the repo rate under the liquidity adjustment facility (LAF) at 8.0 per cent.
Reverse Repo Rate
3. The reverse repo rate under the LAF, determined with a spread of 100 basis points below the repo rate, stands at 7.0 per cent.
Marginal Standing Facility (MSF) Rate
4. The MSF rate, determined with a spread of 100 basis points above the repo rate, stands at 9.0 per cent.
Bank Rate
5. The Bank Rate stands at 9.0 per cent.
Cash Reserve Ratio
6. The cash reserve ratio (CRR) of scheduled banks  has been retained at 4.75 per cent of their net demand and time liabilities (NDTL).
Statutory Liquidity Ratio
7. It has been decided to:
  • reduce the statutory liquidity ratio (SLR) of scheduled commercial banks from 24.0 per cent to 23.0 per cent of their NDTL with effect from the fortnight beginning August 11, 2012.
Guidance
8. The primary focus of monetary policy remains inflation control in order to secure a sustainable growth path over the medium-term. While monetary actions over the past two years may have contributed to the growth slowdown – an unavoidable consequence – several other factors have played a significant role. In the current circumstances, lowering policy rates will only aggravate inflationary impulses without necessarily stimulating growth. As the multiple constraints to growth are addressed, the Reserve Bank will stand ready to act appropriately.
9. Meanwhile, managing liquidity within the comfort zone remains an objective and the Reserve Bank will respond to liquidity pressures, including by way of OMOs.
10. In a turbulent global environment, the risks of external shocks are high and the Reserve Bank stands ready to respond to any such shocks swiftly, using all available instruments.
Expected Outcomes
11. The policy actions taken are expected to:
  • anchor inflation expectations based on the commitment of monetary policy to inflation control; and
  • maintain liquidity to facilitate smooth flow of credit to productive sectors to support growth.
Mid-Quarter Review of Monetary Policy 2012-13
12. The next Mid-Quarter Review of Monetary Policy for 2012-13 will be put out through a press release on Monday, September 17, 2012.
Second Quarter Review of Monetary Policy 2012-13
13. The Second Quarter Review of Monetary Policy for 2012-13 is scheduled for Tuesday, October 30, 2012