Saturday, January 28, 2012

BANK OF INDIA – PO – 2012 RECRUITMENT


BANK OF INDIA – PO – 2012 RECRUITMENT
The Bank of India recruitment 2012 for GBO posts have been announced.Formed in the year 1906, BoI has become one among the largest public sector banks in India. With headquarters in Mumbai, Bank of India has over 3700 branches spread across all states.
 Apart from domestic branches, the bank also has 29 branches in foreign countries.
 Important: Online applications from 19.01.2012 to 31.01.2012
Interviews – February /March 2012
 Post & Vacancy:  
General Banking Officer – 1800 posts
 This post is same as of Probationary officer with scale I cadre & payscale of Rs.14,500 – Rs.25700
What is the eligibility? The criteria fixed by Bank of India for its GBO recruitment are,
  • Age to be minimum 21 yrs & maximum 30 yrs, as on July 1, 2011
  • Posses graduation with 60% marks aggregate from a recognized university (55% for SC/ST/OBC/PWD)
  • Total weighted score must be 130 marks (Gen) or 117 (SC/ST/OBC) in IBPS common exam.
Selection process is not complex, with the bank set to conduct just an interview for 100 marks.
Qualifying marks for Interview – 50 (Gen) & 45 (SC/ST/OBC)
Applicants shall be ranked in a merit list according to their IBPS scores & those at the top are to be called for personal-interview in the ratio of 1:3
 The final list of appointment would be prepared by taking into account your
test + interview marks category-wise.
 How to apply?
  • Gen & OBC category should pay Rs.200 as application fee in any branch of bank of India, using the given challan form before January 31, 2012.(No fee for SC/ST/PWD)
  • On collecting the necessary payment info & challan copy, visit bankofindia.com to fill the online application.
  • Enter the required details to submit the registration form, while saving the registration no. & password.
  • The generated confirmation page must be produced during the interview. So remember to take a print of that application form.
To refer: Candidates fulfilling the eligibility & are interested to apply for Bank of India PO recruitment 2012 can download the notice from their website here.

Andhra Bank PO Recruitment 2012 – for OBC Category


Andhra Bank PO Recruitment 2012 – for OBC Category


Andhra bank has announced PO recruitment specifically for OBC category. The bank with head office in Hyderabad is one among the leading public banks in India having over 1350 branches across 21 Indian states.
 The 88 year old has 14225 employees, according to a page in wikipedia.
 Note: Online registration – 23.01.2012 to 14.02.2012
Interview date shall be informed to selected later
 For what:  Probationary Officers – 89 posts
This is a special hiring drive to fill backlog vacancies only in OBC category.
 With a payscale of Rs.14,500 – 25700, the salary shall be approx.Rs.24,994 /month (could vary with location of branch)
 Am I eligible?
To apply for this Andhra bank PO recruitment, the conditions are,
* Age to be within 21 – 30 yrs, as on July 1, 2011
* Must be a graduate in any stream with 60% or more (results or mark sheet must have been issued on or before 1.07.2011)
* Should have TWS of 141 in IBPS PO exam
* Belong to OBC category
 How will I be selected? Eligible candidates with high scores in common exam would be shortlisted for Interview process, which shall be conducted for 35 marks.To qualify, you must secure atleast 14 marks.
 The final appointment would be based on your scores in IBPS exam & personal interview.
Service bond: The selected officers shall sign a bond for 5 years, of which 2yrs would be probation period.If you choose to leave before the end of bond, Rs.75,000 must be paid to the bank.
 How to register? As a first step, application fee of Rs.200 has to be paid before Feb 14, 2012  at any branch of Andhra bank using the CBS challan or initiate a NEFT payment from any bank.
  • The challan copy, transaction id etc. have to be preserved as proof of payment.
  • On collecting the necessary details, proceed to the online application form given at andhrabank.in, enter the relevant info & submit.
  • Remember to print the completed registration form for producing at the time of interview.
Where to: Those interested in applying for Andhra bank PO recruitment 2012 for OBC`s should download the advt from their website here & read carefully

PNB - PO - IBPS QUALIFIERS CAN APPLY NOW!!!



PNB Recruitment 2012 for Management Trainee Posts


Punjab National Bank (PNB) has come up with the announcement for recruitment of Management Trainees. The bank was started in the year 1895 has grown during the years to become the 2nd largest bank in India, next only to SBI.PNB boasts of having a strong network with 5100 branches across the nation apart from 5 offices in foreign countries.
 This PNB recruitment is the first for MT postings under the IBPS PO/ MT common written exam.
 Post & Vacancies
Management Trainee – 775 Posts @ payscale of Rs.14500 to Rs.25700
 Remember: Online applications open from 30.01.2012 to 13.02.2012
Interviews to be held in April /May 2012

Eligibility criteria:

  • Age between 20 – 28 yrs, as of 1.07.2011
  • Should have 60% in graduation (55% for SC/ST/PWD), as on July 1, 2011
  • Must posses a valid IBPS common exam scorecard with the following scores
    • general category: 138 (total weighted) & 24 in each section
    • for others, 21 section-wise & 125 (OBC), 113 (SC/ST/PWD)
  • It is required to have working knowledge of MS-Office package (MS Word,Excel etc)

Further selection:

The process of short listing the candidates for Interview shall be through merit ranking (with high scorers at top) & will be based on the no. of vacancies.
The final appointment of trainees shall be based on your scores in IBPS CWE & interview stage.
While the personal interview carries 100 marks, the qualifying score is fixed at 40 marks which every candidate should secure for being considered.
 Service bond: All selected candidates will be under probation for 3 years & have to sign a bond amounting to 2 lacs.
 Application procedure:
If you satisfy the eligibility conditions, walk into any Punjab national bank branch & pay the application fee of Rs.200 or Rs.50 (SC/ST/PWD) using the voucher given at the website, before February 13, 2012
  • Collect the voucher receipt that contains transaction ID, branch code etc.,
  • Enter these info in the online application form made available at www.pnbindia.in
On completing the registration process, submit the form & take a print of the generated application, which has to be signed & produced at the time of Interview.
 For more: Are you interested in applying for the PNB MT recruitment 2012, then download the complete notification from their website here

CANARA BANK - PO- IBPS QUALIFIERS-APPLY NOW!!


Canara Bank PO Recruitment 2012 | Apply Online

Canara Bank has issued the announcement for
PO recruitment for IBPS common exam scorecard holders.Nationalised in 1969, the bank has completed 100 years of providing banking services & is also one of the oldest bank in India.
With head office in Bangalore, Canara bank has over 3050 branches spread across the nation.

Vacancies:

Probationary Officer - 2000 posts.Payscale of Rs.14,500/-/Rs.25700

When:

Online registration of applications – Jan 30 to Feb 15, 2012
Date of GD/ Interview – shall be intimated later

Who are eligible:

* Should be within 21 - 30 yrs of age (OBC – 3 yrs & SC/ST –5 yrs)
* 60% in graduation (55% for SC/ST/PWD) [banks prefer UG degree]
* Total weighted score & section-wise marks in IBPS PO scorecard to be,
 General – 156  (Each subject-minimum of 24 marks)
  • OBC/ SC – 146 (OBC/SC/ST/PWD- minimum of 24 marks in each subject)
  • ST – 136
  • PWD - 106
 * Knowledge of computers & Hindi language is required.If unknown, must posses them before the end of probation.
* Applicants must the educational qualifications as on July 1, 2011
 Selection procedure
is the same as other banks wherein those satisfying the eligible conditions are ranked as per CWE scores and shortlisted for Group discussion & interview.

GD is for 100 marks & Interview shall carry 100 marks.It is necessary to secure qualifying marks in both these stages to be considered for final selection.
 Registrations:
The non-refundable application fee of Rs.100 or Rs.50 (SC/ST/PWD) has to be paid at any Canara bank branch or via NEFT using appropriate challans on or before 15.02.2012
  • Once the payment is successfully, collect the fee receipt that contains transaction details.
  • Proceed to the website, canarabank.com & submit the online application mentioning the necessary details.
Remember to take a print of the submitted application which must be produced during GD/ Interview.
 Refer: Interested aspirants are requested to read the Canara bank PO recruitment 2012 notification at their website here carefully before applying

ALL THE BEST!!!!

BEST OF LUCK TO THE CANDIDATES APPEARING FOR TOMORROWS SIB CLERICAL EXAM FROM THE ENTIRE TEAM OF BANKERS ACADEMY!!!!

Saturday, January 14, 2012

MORE FOR INTERVIEWS


Bank Interview Question:

1. What is Balance of Trade?
The value of a country’s exports minus the value of its imports. Unless specified as the balance of merchandise trade, it normally incorporates trade in services, including earnings (interest, dividends, etc.) on financial assets.


2. What is Balanced Trade?
When A balance of trade equal to zero. (exports-imports=0)


3. What is Balance of merchandise trade?
The value of a country’s merchandise exports minus the value of its merchandise imports.


4. What is a favorable balance of trade?
It is the difference between exports and imports. Debit items include imports, foreign aid, domestic spending abroad and domestic investments abroad. Credit items include exports, foreign spending in the domestic economy and foreign investments in the domestic economy. A country has a trade deficit if it imports more than it exports; the opposite scenario is a trade surplus.


5. What is Balance of Payments?
A list, or accounting, of all of a country’s international transactions for a given time period, usually one year. Payments into the country (receipts) are entered as positive numbers, called credits; payments out of the country (payments) are entered as negative numbers called debits. A single number summarizing all of a country’s international transactions: the balance of payments surplus.


6. What is Balance of payments adjustment mechanism?
Any process, especially any automatic one, by which a country with a payments imbalance moves toward balance of payments equilibrium


7. What is Monopolistic Competition?
A market structure in which there are many sellers each producing a differentiated product. Each can set its own price and quantity, but is too small for that to matter for prices and quantities of other producers in the industry.


8. What is MFN?
MFN stands for Most Favoured Nation. The principle, fundamental to the GATT, of treating imports from a country on the same basis as that given to the most favored other nation. That is, and with some exceptions, every country gets the lowest tariff that any country gets, and reductions in tariffs to one country are provided also to others.


9. What is Gold Standard?
A monetary system in which both the value of a unit of the currency and the quantity of it in circulation are specified in terms of gold. If two currencies are both on the gold standard, then the exchange rate between them is approximately determined by their two prices in terms of gold.


10. What is Balance on capital account?
A country’s receipts minus payments for capital account transactions.


11. What is Balance on current account ?
A country’s receipts minus payments for current account transactions. Equals the balance of trade plus net inflows of transfer payments.


12. What is a Balanced budget ?
A government budget surplus that is zero, thus with net tax revenue equaling expenditure. A balanced budget change in policy or behavior is one in which a component of the government budget, usually taxes, is adjusted as necessary to maintain a balanced budget.


13. What is balanced growth of an Economy?
Growth of an economy in which all aspects of it, especially factors of production, grow at the same rate.


14. What is a Bank rate
The interest rate charged by a central bank to commercial banks for very short term loans.


15. What is a Repo?
Repo is “Repurchase Agreement. An agreement to sell a security for a specified price and to buy it back later at another specified price. A repo is essentially a secured loan.


16. What is Repo Rate?
Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive. On March 4, 2009 it was 5% in India (please check the latest figure by RBI)


17. What is CRR Rate in India?
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.


18. What is a Reverse Repo Rate?
Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. Banks are always happy to lend money to RBI since their money are in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates. It can cause the money to be drawn out of the banking system. Due to this fine tuning of RBI using its tools of CRR, Bank Rate, Repo Rate and Reverse Repo rate our banks adjust their lending or investment rates for common man. On March 4, 2009 Reverse Repo Rate is 3.5% (please check latest rate by RBI)


19. What is SLR Rate?
SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit.



20. How is SLR determined?
SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. .



21. What is the Need of SLR?
With the SLR (Statutory Liquidity Ratio), the RBI can ensure the solvency a commercial bank. It is also helpful to control the expansion of Bank Credits. By changing the SLR rates, RBI can increase or decrease bank credit expansion. Also through SLR, RBI compels the commercial banks to invest in government securities like government bonds..


22. What is the main use of SLR?
SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficiently.


23. What is Inflation in India?
Increase in the overall price level of an economy, usually as measured by the CPI /WPI or by the implicit price deflator. Inflation is as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. Inflation happens when there are less Goods and more buyers, this will result in increase in the price of Goods, since there is more demand and less supply of the goods..



24. What is Deflation?
A fall in the general level of prices. Unlikely unless the rate of inflation is already low, it may then be due either to a surge in productivity or, less favorably, to a recession. Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period.


25. What is a Barter economy?
An economic model of international trade in which goods are exchanged for goods without the existence of money. Most theoretical trade models take this form in order to abstract from macroeconomic and monetary considerations.


26.What is Basel I?
Also known at Basel Capital Accord, this was an agreement in 1988 by the Basel Committee of central bankers to measure the credit risk of commercial banks and set minimum standards for bank capital in order to reduce the likelihood of international repercussions due to bank failures.


27.What is Basel II?
The Basel II Framework describes a more comprehensive measure and minimum standard for capital adequacy that national supervisory authorities are now working to implement through domestic rule-making and adoption procedures. It seeks to improve on the existing rules by aligning regulatory capital requirements more closely to the underlying risks that banks face. In addition, the Basel II Framework is intended to promote a more forward-looking approach to capital supervision, one that encourages banks to identify the risks they may face, today and in the future, and to develop or improve their ability to manage those risks. As a result, it is intended to be more flexible and better able to evolve with advances in markets and risk management practices.
The efforts of the Basel Committee on Banking Supervision to revise the standards governing the capital adequacy of internationally active banks achieved a critical milestone in the publication of an agreed text in June 2004.


28.What is a Beggar thy neighbor policy?
For a country to use a policy for its own benefit that harms other countries. Examples are optimal tariffs and, in a recession, tariffs and/or devaluation to create employment.


29. What is a Bill of Lading?
This term is normally used in shipping industry. The receipt given by a transportation company to an exporter when the former accepts goods for transport. It includes the contract specifying what transport service will be provided and the limits of liability.


30. What is the use of color boxes in WTO category of subsidies?
Used with a color, a category of subsidies based on status in WTO: red=forbidden, amber or orange=go slow, green=permitted, blue=subsidies tied to production limits. Terminology seems only to be used in agriculture, where in fact there is no red box.


31. What is a fiscal deficit?
A deficit in the government budget of a country and represents the excess of expenditure over income. So this is the amount of borrowed funds required by the government to meet its expenditures completely.
India’s fiscal deficit widened to Rs. 541.58 billion in April, 2009 as compared to Rs. 329.39 billion rupees in April 2008.


32. What is Black Money ?
Black Money is the unaccounted money concealed from the tax authorities. The black money runs a parallel economy adversely affecting the distribution of wealth & income in the economy.

The total amount of black money globally is estimated between $2.1 and 2.5 trillion. This is roughly about seven percent of the world’s GDP.
33.What is a Black Market?
A black market is an illegal market, in which something is bought and sold outside of official government-sanctioned channels. Black markets tend to arise when a government tries to fix a price without itself providing all of the necessary supply or demand. Black markets in foreign exchange almost always exist when there are exchange controls.

34.What is a blue chip company? Why it is blue color only used in such companies?
A blue chip is concerned with stocks & shares of company, which are well established and whose purchase is considered extremely safe. Due to stable earnings and no extensive liabilities these companies are called blue chip companies.
The term blue chip comes from casinos, where blue chips stand for counters of the highest value. Most blue chip stocks pay regular dividends, even when business is faring worse than usual.

35.What is a direct Tax?
A direct tax is that which is paid directly by someone to taxing authority. Income tax and property tax are examples of direct tax. They are not shifted to somebody else.


36.What is an Indirect Tax?
This type of tax is not paid by someone directly to the authorities and it is actually passed on to the other in the form of increased cost. They are levied on goods and services produced or purchased. Excise tax, Sales tax, VAT are indirect taxes.

37.What are LDCs or Least Developed Countries?
Least Developed Countries (LDCs) are countries which as per United Nations show the lowest indicators of socioeconomic development.
They have lowest Human Development Index ratings of all countries in the world.
A country which has three-year average Gross national Income per capita of less than US $750 is tagged as LDC. a LDC must have an income of $ 900 to escape this tag. Besides if thse countries show human resource weakness based on indicators of nutrition, health, education and adult literacy and also or economic vulnerability based on instability of economy . Currently UN has tagged 49 countries in LDC. India is not an LDC.

38.What are Middle Income Countries ?
Middle-income countries (MICs) are the 86 countries that fall into the middle-income range set by the Bank’s World Development Indicators. They account for just under half of the world’s population; are home to one-third of people across the globe living on less than $2 per day; and are found in all six of the Bank’s geographical regions. They cover a wide income range, with the highest income MIC having a per capita income 10 times that of the lowest.

39.What is Policy of Laissez Faire?
Laissez Faire is a French term and means no interference. It is a doctrine that states that government generally should not intervene in the marketplace.

40.What is the difference between Monopoly and Monopsony ?
In monopsony only one buyer faces many sellers. So this is called Buyer’s Monopoly. It is a rare situation in today’s economy.
In monopoly one seller faces many buyers. As the only purchaser of a good or service, the “monopsonist” may dictate terms to its suppliers in the same manner that a monopolist controls the market for its buyers.



41.What is the main function of Competition Commission of India?
CCI is an independent body which become operational w.e.f. May 20, 2009 and is responsible for investigating the mergers, market shares & conditions besides regulating firms. CCI will ultimately replace the Monopolies and Restrictive Trade Practices Commission (MRTPC) ofIndia.



42.What is Lead Bank Scheme?
Lead bank scheme was introduced around 40 years ago and recently it was in the news as a high level committee chaired by RBI Deputy Governor Usha Thorat was constituted to review and revitalize this scheme. The scheme aims at facilitating credit delivery to the farfetched areas ofIndia. There are members of the committee from NABARD and SIDBI. Thus the scheme focuses upon financial inclusion.
The Opinion of this committee is that full financial inclusion is possible only if it makes a facility of opening of no frill accounts backed by other specialized services.


43.What are Nostro & Vostro Accounts ?
A nostro account is maintained by an Indian Bank in the foreign countries for a facility of easy clearing of their transactions. For instance, if the bank pays a demand drawn on it by its correspondent bank, there is no delay because the foreign corresponded bank would already have credited the nostro account of the paying bank while issuing the demand draft.
A vostro account is maintained by a foreign bank in India with their corresponding bank.


44.From which country India imports maximum?
From China. Import from China was $ 24.16 billion in 2008-09, which got doubled in 3 years. This is 10.3 % of all the imports of India.


45.What is Gold Standard?
A system of setting currency values whereby the participating countries commit to fix the prices of their domestic currencies in terms of a specified amount of gold.



46.What is a Free Float Exchange Rate system?
An exchange rate system characterized by the absence of government intervention. Also known as a clean float.


47.What are Special Drawing rights SDR?
SDR are new form of international reserve assets, created by the International Monetary Funds in 1967. The value of SDR is based on a portfolio of widely used currencies and they are maintained as accounting entries and not as hard currency or physical assets like Gold.


48.What are the requirements to open a New Branch in Rural Area?
Since 2006, RBI has approved the opening of new branches only on the condition that at least half of such branches are opened in under-banked areas as notified by the regulator.
The opening of branches by banks is governed by the provisions of Section 23 of the Banking Regulation Act, 1949. In terms of these provisions, banks cannot open a new place of business inIndia or abroad or change otherwise than within the same city, town or village, the location of the existing place of business without the prior approval of the ReserveBank of India (RBI). Thus, it is mandatory for RRBs to seek prior approval/ license from Rural Planning and Credit Department (RPCD) of RBI before opening of new branches/offices.
RRB should fulfill the following conditions to become eligible for opening of new branch/es.
1. It should not have defaulted in maintenance of SLR and CRR during the last two years.
2. The RRB should be making operational profits, its net worth should show improvement 3. Its net NPA ratio should not exceed 8 per cent.


49.What is concept sustainable Development?
Meeting the needs of the present without compromising the ability of future generations to meet their needs is called sustainable development. This concept is popular in present context of development.


50.What is the meaning of Financial Inclusion?
Today is is well recognized that large population of India is out of reach of the formal banking services. Financial inclusion is the concept which has been floated to bring the most of the rural population / area under the net of the financial and banking services.


51. What is SATMO?
SATMO is Satellite Money Order Service introduced by Postal Department Govt. of India on December 16, 1994. However this scheme could not make its headway due to functional complicacies.


52. What is “Vande Mataram Scheme” ?
Vande mataram schem is a nationwide programme aimed at improving ante and post-natal care–which was launched on February 9, 2004. The scheme envisages free ante and post-natal check-ups, tips to avoid nutritional problems and anemia and counseling on small family norm and is a major initiative in Public Private partnerships during emergency.


53. What is Golden Handshake Scheme?
Golden handshake scheme is a Govt. of India scheme introduced as a Voluntary retirement Scheme (VRS) in Industrial Policy Resolution 1991 for reducing the pressure of extra employees on public sector enterprises.


54. What is India Brand Equity Fund?
This is a scheme to promote Indian Brands in Overseas Markets with the primary objective of brand promotion and not export promotion. To make the “Made in India” label a symbol of quality, competitive price, reliability and service to the customer & to project India as a reliable supplier of quality goods and services. It was established on July 11, 1996.


55. What is Jago Grahak Jago”?
The Consumer Awareness Scheme for the XI Plan amounting to a total of Rs. 409 crores has been approved by the Cabinet Committee on Economic Affairs on 24.01.08. This scheme has been formulated to give an increased thrust to a multi media publicity campaign to make consumers aware of their rights. The slogan ‘Jago Grahak Jago’ is part of the publicity campaign undertaken in the last few years.
‘Jago Grahak Jago’ has become the focal theme through which issues concerning the functioning of almost all Government Departments having a consumer interface can been addressed. To achieve this objective joint campaigns have been undertaken/are being undertaken with a number of Government Departments.


56. What is a revolving credit?
Revolving credit is a type of credit that does not have a fixed number of payments. Corporate revolving credit facilities are typically used to provide liquidity for a company’s day-to-day operations.The credit cards are examples of revolving credit. They are renewed automatically until the notice of cancellation is receieved. The time of repayment is specified.


57. What is Gender Budgeting?
Gender budgeting is the process of conceiving, planning, approving, executing, monitoring, analyzing and auditing budgets in a gender-sensitive way. Gender Budgeting is actually an attempt to women upliftment without any sex discrimination while formulating the policies and making allocation for them.
Gender Budgeting is a process that entails incorporating a gender perspective at various stages- planning/ policy/ programme formulation, assessment of needs of target groups, allocation of resources, implementation, impact assessment, reprioritization of resources.
Gender Responsive Budget and Gender Mainstreaming are outcomes of Gender Budgeting.


58. What is Soft Currency?
Soft currency is opposite of hard currency and it indicates a type of currency whose value may depreciate rapidly or that is difficult to convert into other currencies. Soft currency can be in the form of paper, electronic or debt-based “IOUs” which have in the past been used in place of hard currency. This currency has limited convertibility into gold and other currencies.


59. What are factors of production?
The resources and the inputs which are required to produce a good or service is called factor of production. The basic categories are land labor and capital.


60. What is the principle of Diminishing returns?
This principle says that if one factor of production is fixed and constant additions of other factors are combined with this, the marginal productivity of variable factors will eventually decline. According to this relationship, in a production system with fixed and variable inputs (say factory size and labor), beyond some point, each additional unit of the variable input yields smaller and smaller increases in output. Conversely, producing one more unit of output costs more and more in variable inputs.

Saturday, January 7, 2012

BE THOROUGH WITH THE FOLLOWING!!!


1.  FINANCIAL INCLUSION
The Reserve Bank of India has set up a commission (Khan Commission) in 2004 to look into financial inclusion and the recommendations of the commission were incorporated into the mid-term review of the policy (2005–06). In the report RBI exhorted the banks with a view of achieving greater financial inclusion to make available a basic "no-frills" banking account. In India, Financial Inclusion first featured in 2005, when it was introduced, that, too, from a pilot project in UT of Pondicherry, by K C Chakraborthy, the chairman of Indian Bank. Mangalam Village became the first village in India where all households were provided banking facilities. In addition to this KYC (Know your Customer) norms were relaxed for people intending to open accounts with annual deposits of less than Rs. 50,000. General Credit Cards (GCC) were issued to the poor and the disadvantaged with a view to help them access easy credit. In January 2006, the Reserve Bank permitted commercial banks to make use of the services of non-governmental organizations (NGOs/SHGs), micro-finance institutions and other civil society organizations as intermediaries for providing financial and banking services. These intermediaries could be used as business facilitators (BF) or business correspondents (BC) by commercial banks. The bank asked the commercial banks in different regions to start a 100% financial inclusion campaign on a pilot basis. As a result of the campaign states or U.T.s like Pondicherry, Himachal Pradesh and Kerala have announced 100% financial inclusion in all their districts.

2.  Business Facilitator Model: Eligible Entities and Scope of Activities
Under the ';Business Facilitator'; model, banks may use intermediaries, such as, NGOs/ Farmers' Clubs, cooperatives, community based organisations, IT enabled rural outlets of corporate entities, Post Offices, insurance agents, well functioning Panchayats, Village Knowledge Centres, Agri Clinics/ Agri Business Centers, Krishi Vigyan Kendras and KVIC/ KVIB units, depending on the comfort level of the bank, for providing facilitation services. Such services may include (i) identification of borrowers and fitment of activities; (ii) collection and preliminary processing of loan applications including verification of primary information/data;  (iii) creating awareness about savings and other products and education and advice on managing money and debt counselling;  (iv) processing and submission of applications to banks;  (v) promotion and nurturing Self Help Groups/ Joint Liability Groups; (vi) post-sanction monitoring;  (vii) monitoring and handholding of Self Help Groups/ Joint Liability Groups/ Credit Groups/ others; and (viii) follow-up for recovery.
As these services are not intended to involve the conduct of banking business by Business Facilitators, no approval is required from RBI for using the above intermediaries for facilitation of the services indicated above.
3.  Business Correspondent Model:  Eligible Entities and Scope of Activities
Under the 'Business Correspondent' Model, NGOs/ MFIs set up under Societies/ Trust Acts, Societies registered under Mutually Aided Cooperative Societies Acts or the Cooperative Societies Acts of States, section 25 companies, registered NBFCs not accepting public deposits and Post Offices may act as Business Correspondents. Banks may conduct thorough due diligence on such entities keeping in view the indicative parameters given in Annex 3.2 of the Report of the Internal Group appointed by Reserve Bank of India (available on RBI website: www.rbi.org.in) to examine issues relating to Rural Credit and Micro-Finance (July 2005). In engaging such intermediaries as Business Correspondents, banks should ensure that they are well established, enjoying good reputation and having the confidence of the local people. Banks may give wide publicity in the locality about the intermediary engaged by them as Business Correspondent and take measures to avoid being misrepresented.
In addition to activities listed under the Business Facilitator Model, the scope of activities to be undertaken by the Business Correspondents will include (i) disbursal of small value credit,  (ii) recovery of principal / collection of interest  (iii) collection of small value deposits (iv) sale of micro insurance/ mutual fund products/ pension products/ other third party products and  (v) receipt and delivery of small value remittances/ other payment instruments.
The activities to be undertaken by the Business Correspondents would be within the normal course of the bank's banking business, but conducted through the entities indicated above at places other than the bank premises. Accordingly, in furtherance of the objective of increasing the outreach of the banks for micro-finance, in public interest, the Reserve Bank hereby permits banks to formulate a scheme for using the entities indicated above.

4.  How is repo rate different from bank rate?

Both are basically the same. The Bank rate is the rate at which commercial banks, which are temporarily short of cash, can borrow from the Central Bank.The repo rate enables holders of Securities, principally commercial banks, to acquire funds from the Central Bank by selling the securities and at the same time agreeing to repurchase them at a later date at a predetermined price.
Increases in these rates indicate a desire for a contraction in credit while decreases reflect a relaxation of interest rate policy.

5.  Following RBI’s Deregulation 5 Indian Banks raised Interest Rates on NRE Deposits

Reserve Bank of India deregulated non-resident external (NRE) deposits on 16 December 2011 allowing banks  to offer higher interest rates to dollar-denominated accounts. Reserve Bank freed the rates on non-resident external accounts, offering interest as high as 9.6% per annum.
Following RBI’s deregulation five Indian banks, including HDFC Bank and Yes Bank on 23 December 2011 raised their interest rates on such deposits in order to lure foreign money.
The Reserve Bank of India's move to deregulate interest rates on non-resident external (NRE) rupee deposits and ordinary non-resident accounts encouraged banks to attract dollars.
Private lender Yes Bank increased the interest rates on fixed deposits held by non-resident Indians (NRIs) to 9.6 per cent from 3.82 per cent. The new rate is being offered on term deposits of 15 months 15 days to 16 months. The bank also raised savings bank rate by 200 basis points to 6 per cent.
Lakshmi Vilas Bank revised the rate of interest for NRE term deposits with effect from December 22. Deposits under the maturity slab of one year to below two years will in fact attract 10 per cent from 3.82 per cent previously. Deposits of 2 years to below three years will fetch 8 per cent against 3.51 per cent and three years and above 7 per cent against 3.64 per cent.
IndusInd Bank increased the interest rates on NRE deposits to 9.25 per cent from 3.82 per cent.
Similar steps were also taken by banks like Federal Bank, HDFC Bank, State Bank of Travancore (SBT).
The new rates are effective from 24 December for fresh deposits as well as those being renewed on maturity.

6.  Small Accounts

'Small account' means a savings account in a banking company where-
(i) the aggregate of all credits in a financial year does not exceed rupees one lakh;
(ii) the aggregate of all withdrawals and transfers in a month does not exceed rupees ten thousand; and
(iii) the balance at any point of time does not exceed rupees fifty thousand

REQUIREMENTS:
1.  Self declaration of address
2.  Photograph of the person

RBI has also expanded the definition of 'officially valid document' as contained in clause (d) of Rule 2(1)of the PML Rules to include job card issued by NREGA duly signed by an officer of the State Government or the letters issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number.

7.  IMPACT OF BASEL III ON INDIAN BANKS
Q.  How will these norms impact Indian banks?
According to RBI governor D Subbarao, Indian banks are not likely to be impacted by the new capital rules. At the end of June 30, 2010, the aggregate capital to risk-weighted assets ratio of the Indian banking system stood at 13.4%, of which Tier-I capital constituted 9.3%. As such, RBI does not expect our banking system to be significantly stretched in meeting the proposed new capital rules, both in terms of the overall capital requirement and the quality of capital. There may be some negative impact arising from shifting some deductions from Tier-I and Tier-II capital to common equity.
8.  What are Basel I and Basel II norms?
While Basel I framework was confined to the prescription of only minimum capital requirements for banks, the Basel II framework expands this approach not only to capture certain additional risks in the minimum capital ratio but also includes two additional areas, viz. Supervisory Review Process and Market Discipline through increased disclosure requirements for banks. Thus, Basel II framework rests on the following three mutually- reinforcing pillars:
Pillar 1: Minimum Capital Requirements — prescribes a risk-sensitive calculation of capital requirements that, for the first time, explicitly includes operational risk along with market and credit risk.
Pillar 2: Supervisory Review Process (SRP) — envisages the establishment of suitable risk management systems in banks and their review by the supervisory authority.
Pillar 3: Market Discipline — seeks to achieve increased transparency through expanded disclosure requirements tor banks.
9.   RETAIL BANKING
Retail banking is banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include: savings and transactional accounts, mortgages, personal loans, debit cards, credit cards, and so forth
Retail banking is a key component of the banking industry. Retail banks only work with consumers, not businesses. Retail banks allow consumers to purchase homes, cars and consumer products by providing mortgages and loans. In this way, they provide needed liquidity to keep the economy growing.

10.  Virtual banking

Internet based financial institution that offers deposit and withdrawal facilities, and other banking services, through automated teller machines or other devices, without having a physical (brick and mortar) walk-in premises.

11.  SHADOW BANKING

The shadow banking system is the infrastructure and practices which support financial transactions that occur beyond the reach of existing state sanctioned monitoring and regulation. It includes entities such as hedge funds, money market funds and structured investment vehicles. Investment banks may conduct much of their business in the shadow banking system (SBS), but they are not SBS institutions themselves. The core activities of investment banks are subject to regulation and monitoring by central banks and other government institutions - but it has been common practice for investment banks to conduct many of their transactions in ways that don't show up on their conventional balance sheet accounting and so are not visible to regulators or unsophisticated investors.[1] For example, prior to the financial crisis, investment banks financed mortgages through off-balance sheet securitizations and hedged risk through off-balance sheet credit default swaps.




Thursday, January 5, 2012

IBPS CWE FOR SPECIALISED OFFICERS IN PSBs


IBPS has just today issued exam notification for Common Written Exam (CWE) 2012 for recruitment of Specialist Officers in 19 Indian PSU banks. Online submission of application form starts tomorrow (30.12.2011) and the last date for the same is 21.01.2012. 
This blog post touches upon the salient points in the IBPS CWE notification to help you apply for the same as well as to archive it for future aspirants of Specialist Officers i.e. for IBPS Specialist Officers CWE 2013/2014, so that they can know what this exam is and prepare themselves accordingly.
In another blog article titled IBPS Specialist Officers CWE exam pattern, sample papers & books, I would provide you the prep materials for the exam.
Before wasting time further let us know what is IBPS Common Written Exam.
What is IBPS CWE for Specialist Officers:
IBPS (Institute of Banking Personnel Selection) is organizing the first ever Common Written Exam (CWE) for recruitment of Specialist Officers from the field of IT/Agriculture/Law/HR/Marketing & Rajbhasha. The exam is being called as “Common” as it is being held combinedly for recruitment in 19 PSU banks, list of which is as under:
Allahabad Bank, Andhra Bank Oriental, Bank of Baroda, Bank of Commerce, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India, Vijaya Bank.
If you would like to join the Indian banking industry as a professional, here is your golden chance, since through this single exam you can get jobs in as many as the 19 Indian banks given above.
But point to note here is IBPS CWE by alone does not give you that bank job – it is only the first step for selection. Subsequent to appearing in IBPS CWE, you have to apply for each bank individually with your IBPS CWE score when the recruitment notification comes out for that bank. Bank is going to shortlist the candidates based on IBPS CWE score and than call your for further selection process of GD/Interview.
In other words, what these PSU banks have done through IBPS CWE is – they have got rid of the written exam for each individual bank. 

IBPS had already held CWE for PO & MT positions on 18.09.2011, the result for which was declared on 12th December 2011. Banks have just now started issuing recruitment notification for PO positions.
Eligibility for IBPS CWE for Specialist Officers.
What are the post for which you can apply and what are their eligibility? Following gives you the same IBPS CWE post-wise:
Eligibility for IT Officer (Scale-I)
Age Eligibility: Min.: 20 Yrs, Max: 35 yrs.
Educational Qualification: Degree in Computer Science/ Computer Applications/ Information Technology/ Electronics/ Electronics & Telecommunications/ Electronics & Communication/ Electronics & Instrumentation. OR
Post Graduate Degree in Electronics/Electronics & Tele Communication/Electronics & Communication/Electronics & Instrumentation/Computer Science/ Information Technology/ Computer Applications from a recognised University/ Institution. OR
Graduate from a recognized university having passed DOEACC ‘B’ level.
Eligibility for IT Officer (Scale-II)
Age Eligibility: Min.: 21 Yrs, Max: 40 yrs.
Educational Qualification: Same as above for IT Officer (Scale-I) 
Experience: 1 year.
Eligibility for Law Officer (Scale I)
Age Eligibility: Min.: 20 Yrs, Max: 35 yrs.
Educational Qualification: A Bachelor Degree in Law (LLB)
Eligibility for Law Officer (Scale II)
Age Eligibility: Min.: 21 Yrs, Max: 40 yrs.
Educational Qualification: A Bachelor Degree in Law (LLB)
Experience: 3 years experience of practice at Bar or Judicial service and/or Law Officer in the Legal Dept. of a reputed Bank or the Central/State Government or of a Public Sector Undertaking with practice at Bar.
Eligibility for Agricultural Field Officer (Scale I)
Age Eligibility: Min.: 20 Yrs, Max: 35 yrs.
Educational Qualification: Degree in Agriculture or allied specializations such as Horticulture/Animal Husbandry/Veterinary Science/ Dairy Science/ Agri. Engineering/ Fishery Science/Pisciculture/ Agri Marketing & Cooperation etc. from recognized university.
Eligibility for Technical Officer (Scale I)
Age Eligibility: Min.: 20 Yrs, Max: 35 yrs.
Educational Qualification: Degree in Engineering in Civil/ Electrical/ Mechanical/ Production/ Metallurgy/ Electronics/ Electronics & Telecommunication/ Computer Science/ Information Technology/ Textile/ Chemical etc./ B.Pharm.
Eligibility for HR/Personnel Officer (Scale I)
Age Eligibility: Min.: 20 Yrs, Max: 35 yrs.
Educational Qualification: Graduate from a recognized university and Post Graduate degree or diploma recognized by AICTE in Personnel Management / Industrial Relations/ HRD/Social Work / Labour Law OR Degree/Diploma in Business Administration/ Management with specialization in HRD from a recognized University.
Eligibility for Rajbhasha Adhikari (Scale I)
Age Eligibility: Min.: 20 Yrs, Max: 35 yrs.
Educational Qualification: A post Graduate Degree in Hindi with English as a subject at the degree level OR A post graduate degree in Sanskrit with English and Hindi as subjects at the degree level.
Eligibility for Marketing Officer (Scale I)
Age Eligibility: Min.: 20 Yrs, Max: 35 yrs.
Educational Qualification: MBA (Marketing) / 2 years PGDBA / PGDBM or any other equivalent degree or diploma with specialization in Marketing from a recognized University/ Institution.
Exam centres for IBPS CWE 2012 for Specialist Officers:
The wriiten exam would be held in the exam centres of following 24 towns/cities:
Ahmedabad, Bangaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Dehradun, Guwahati, Hyderabad, Jaipur, Jammu, Kavarrati, Kolkata, Lucknow, Mumbai, New Delhi, Panaji, Patna, Port Blair, Puducherry, Raipur, Ranchi, Shimla, Thiruvananthapuram.
Important dates for IBPS CWE 2012 for Specialist Officers:
Start date for Online Registration: 30.12.2011
Payment of Application Fees/ Intimation Charges 29.12.2011 to 20.01.2012
Last date for Online Registration: 21.01.2012
Last date for Editing Application Details: 23.01.2012
Download of Call letter for Written Examination: 28.02.2012 onwards.
IBPS CWE 2012 Exam Date:11.03.2012
Call letter for IBPS CWE 2012 for Specialist Officers:
Your call letter/admit card for the written exam (scheduled to be held on 11.03.2012) have to be downloaded from this IBPS CWE website from 28.02.2012 onwards. No physical copy of the Call letter for IBPS CWE 2012 would be sent to you. To download the call letter for IBPS CWE 2012 for Specialist Officers, you have to log-in with your registration Number and Password/Date of Birth.
IBPS CWE 2012 for Specialist Officers Online Form:
You can apply only online for IBPS CWE 2012 from 30.12.2011 to 21.01.2012.. There is no offline form.
How to apply online has been described in detail in section “J. How To Apply” in page-6 of the Notification.
Hope with above information you can apply confidently IBPS CWE 2012 for Specialist Officers. As told to you in the beginning, this information is being archived so that examinees of IBPS Specialist Officers CWE 2013/2014 can know about the eligibility and the application process. How do you prepare for this exam? Please visit my next blog article titled: IBPS Specialist Officers CWE exam pattern, sample papers & books for the same

GROUP DISCUSSION-TIPS FOR PREPARATION


Group Discussion (GD) forms an integral part of the selection process in IT companies & competitive exams but there is a possibility to conduct GD in the public sector bank recruitments too.On request from readers,we are posting the tips to crack group discussions.

 What is Group discussion?
A team of 4 - 8 candidates is formed by panelists & a topic is given to each team on which the discussion has to happen.There are no specific methods to conduct the event but it helps to know about the conversational, team building & judgmental skills possessed by an applicant.
With the results of IBPS common written exam out, GD may be held for bank probationary officer or management trainee posts to filter the competition before the interview stage.
Here are some important points that an evaluator would look in you,

Starting the discussion: There is a strong feeling in GD that a person who speaks first has better chances for getting selected.
  • Before starting, make sure to have some basic knowledge about the topic.
  • Giving the introduction allows you to begin the discussion from any point & set a tone for others to follow.
  • There is no use in being the first speaker & giving irrelevant details
  • Starting the talk alone does not enable selection, but fetches you more marks.
Communication: This is one of the main parameter that shall be looked at.
  • Practice saying sentences to yourself & ask ‘Am I understandable?
  • Speak slowly.Speaking fast will increase rate of mistakes.
  • Even though you are well versed in the topic, it will be worthless if not expressed properly.
  • Use simple, easy to understand words without any grammatical errors while forming sentences.
  • Read English newspapers or watch english news channels for proper usage of sentences.
Listen:I have spoken.Let me take rest’ is the mindset of many candidates.
  • By listening to others, you can provide a new viewpoint, reply for a question or disagree with the other person`s argument.
  • Repeating the same thoughts already said can be avoided.
  • Do not sit quietly after your turn.Increase your marks through active participation in the conversations.

What Not to Do:

  • Don't dominate the discussion.Give chance to everyone.
  • Do not interrupt the other member`s speech.Wait till they complete
  • Stick to the topic & provide ideas only related to it in your speech
  • In trying to prove your point, don't provide false news
  • Do not keep quiet for long.It sends a wrong signal to the selector.

How to Prepare for GD:

The topics for group discussion is not taken from textbooks but from the real world. It could a recent news story or a recently debated issue in parliament or even about a film.
  • Preparing for GD is similar to general awareness preparation.
  • GK books, English news magazines & editorials in newspapers are some good sources of current events. We personally recommend candidates to read the centre pages of ‘The Hindu’ for news analysis.
  • Before the GD – note down headlines of the entire week with short notes of each. This helps in knowing about the recent developments.

INTERVIEW QUESTIONS AND ANSWERS-Banking


26.  What are self help groups?
Self Help Groups are homogenous groups of persons who have joined for mutual help, mutual benefit and mutual confidence to each other, mostly from the same locality.  Generally consists of 5-20 members, an un-registered one. 

27.  What do you mean by SHG linkage?
The process of making loans available from banks to an SHG is called linkage.  This is usually done after six months of its existence, only when they get through a process called ‘grading.’

28.  What is the main difference between a attachment order and a garnishee order?
An attachment order is issued by revenue/IT authorities.  The credit balances at the time of receipt of the order including future credits are attachable.  Whereas, a garnishee order is issued by any court of law for attaching the credit balance in the accounts of the judgement debtor at the time of receipt of the order.  That means, future credits are not attachable.

29.  What do you mean by Margin Money?
It is a form of assistance by way of subsidy to certain categories of loans such as loans to SHGs, PMRY etc., wherein this amount can be treated as margin to a loan.  The margin money will be kept as term deposit with the banking without paying any interest.  No interest will be charged for the corresponding portion of loan also.  It will be adjusted to the loan after a minimum of 3 years from the date of grant of loan if the total repayment period of the loan is 5 years, after 4 years if it is 7 years etc.,  If the loan becomes ‘bad’, it can be adjusted even before the completion of the lock-in period. It is an one time assistance, available only for new units.

30.  What do you mean by margin to a loan?
The portion or share out of the total financial outlay or project cost of a loan to be born by the loanee is called the margin

Monday, January 2, 2012

PO INTERVIEW


21.  Are you overqualified for this job?
Actually, the academic qualification of a person has nothing really to play a part in the day to day banking activities.  In a bank, all the new recruiters are alike, irrespective of their qualifications and all of them have to study the banking procedures from the very beginning.  I believe, the effective communications skills, knowledge in computer operations and the banking knowledge I gained over the years if coupled with the practical banking experience can make me a successful, responsible officer.
22.  What are your outside interests?
I don’t have much of such interests really to speak of.  I was fully engaged in banking/bank related studies for the last two years.  I watch sensex on a regular basis.
23.  How do you feel when you have to report things to an younger fellow?
Age is not a matter in reporting things.  As the younger fellow is senior to me in banking service, it is my duty to report matters entrusted to me to him.  I don’t find any difficulty, in fact I appreciate him being able to come to such a covetous post at an younger age.
24.  Looking back, what would you do differently in your life?
It’s been a good life, rich in learning and experience, and the best it yet to come.  For me. every experience in life whether good or bad,  is a lesson it its own way.
25.  Can you work under pressure?
Absolutely….

Sunday, January 1, 2012

CORPORATION BANK-PO-2012-APPLY NOW!!


Corporation Bank PO Recruitment 2012 Details:

Name of the Post – Scale – Number of Vacancies

Probationary Assistant Manager – JMGS-I – 355

There are total 355 vacancies (SC-45, ST-23, OBC-93, General-194; out of which OC-9, VI-10 and HI-18) under Corporation Bank PO recruitment 2012.

Corporation Bank PO Eligibility Criteria:

Corporation Bank PO Age Limit:

Minimum – 20 years and Maximum 30 years

Corporation Bank PO Educational Qualification:

Candidates should have a degree of graduation from a recognized university or equivalent with minimum 55% marks (50% for SC/ST/OC/VI/HI).

IBPS Score for Corporation Bank PO Recruitment 2012:

Category – Each Subject – Aggregate Marks

General – 25 – 151

SC/ST– 21 – 126

OBC – 21 – 141

PWD – 21 – 106

Computer knowledge in MS Office is essential to apply for Corporation Bank Probationary Officers recruitment 2012.

Application Fee for Corporation Bank 355 PO Recruitment 2012:
Category – Fee
SC/ST/PWD – Rs. 50
For all Others – Rs. 200

Candidates can make payment of application fee through http://www.corpbank.com/uploadedfiles/custom/10_52_510_6632044.pdf  Challan Form visiting CBS branches of Corporation Bank or through NEFT at any Bank Branch.

Selection Procedure for Corporation Bank PO Recruitment 2012:

Selection for the post of Probationary Assistant Manager will be made on the basis of merit ranking after adding the marks obtained by IBPS CWE 2011 for MT/PO.

There are total 100 marks in interview. Candidates have to score minimum 40 marks (35 marks for SC/ST/OBC/VI/HI/OC) to qualify in the interview.

Corporation Bank 355 PO Recruitment 2012 Important Dates:

Opening Date of Online Registration: 3rd January, 2012

Last Date of Online Registration (including far-flung areas): 17th January, 2012

Eligibility Criteria as on: 1st July, 2011

Candidates should read the details of Corporation Bank recruitment 2012 before applying for 355 Probationary Officers to know more about recruitment details, application fee, pay scale, probation period, eligibility criteria, IBPS score, age limit, educational qualification, relaxation, reservation, selection procedure, general instructions etc. at: http://www.corpbank.com/uploadedfiles/custom/Corp-Prabationary-Asst-Manager-English-Page2-281211-4.pdf in PDF file.

There are no details about Corporation Bank PO interview dates 2012 yet. Details of Corporation Bank PO call letter 2012 will also be updated through the official website.

SBI-CLERICAL 2012


SBI hаνе declared thе Notification fοr thе notifications fοr thе posts οf Clerical cadre. SBI іѕ going tο arrange thе Regular recruitment fοr North Eastern circle along wіth a special Recruitment drive fοr SC/ST/OBC Category candidates. If уου belong tο one οf thеѕе categories thеn SBI hаνе given уου very gοοd opportunity mаkе thе career іn thе Banking sector. Thе details οf thіѕ SBI Clerical Recruitment 2012 сουld bе found іn thіѕ article.
Advt. NO.: CRPD/CR/2011-12/05
Nο. οf Posts fοr SBI Clerk Recruitment: Fοr SC/ST/OBC Candidates οnlу(аll circles): 2500 Total
Fοr Regular recruitment fοr North Eastern Circle: 600 Post Total
Pay Scale fοr SBI Clerk Positions: Rs.7,200-19,300/-, Approx Rs. 14,177/- per month.
Age Limit fοr SBI Clerical cadre Recruitment: A candidates age mυѕt bе between 18 years tο 28 years аѕ οn 01/11/2011. (Age relaxation аrе applied according tο rules)
Educational Eligibility fοr SBI Clerical Recruitment 2012: At lеаѕt 12th pass wіth 60% mаrkѕ οr Graduate.
Selection Process: Written Test followed bу Interview.
Application fee: Fοr SC/ST/PWD/XS Candidates Rs. 50/- Total
Fοr General/ OBC Category Candidates Rs. 350/- Total
Application Mode fοr SBI Clerical Recruitment 2011-12: Applications wουld bе accepted via Online mode οnlу. Thе link іѕ available аt thе еnd οf thе article tο apply online fοr SBI Clerk Recruitment. Note: Yου mυѕt hаνе уουr scanned Signature аnd photograph аt time οf mаkіng online application.
Application fee сουld bе paid online via MASTER/VISA debit/ credit cards οr Internet Banking. Fee сουld аlѕο bе paid via CBS Challan form аt аnу οf thе SBI Bank Branches іn India.
Last date tο apply online: 20/01/2012
Written Exam wουld bе conducted οn Date: 18/03/2012
Fοr Detailed eligibility criteria, Application process, Reservation аnd Age Relaxation Information аbουt SBI Clerical Recruitment, Please read thе online Notification frοm SBI attached аt thе еnd οf thіѕ article.
Link fοr SBI Bank clerk recruitment 2012 online Notification: Link
Apply online fοr SBI Clark recruitment 2011-12: Apply here

SYNDICATE BANK-PO-2012

Syndicate Bank Recruitment 2012 – Online Apply for 1750 PO Vacancies: Syndicate Bank invites online applications from eligible candidates who hold a valid scorecard issued by IBPS for the recruitment of 1750 Probationary Officer vacancies. The qualified candidates in the IBPS PO common written examination may apply through online from 02-01-2012 to 16-01-2012. The information regarding age limit, educational qualification, how to apply, no of vacancies, selection procedure and other details of Syndicate Bank are mentioned below…
Syndicate Bank vacancy Details:
Total no of Posts: 1750 Posts
Name of the Posts:
1. Probationary Officers JMG Scale I
Age Limit: Candidates age is minimum 21 years and maximum 30 years as on 01/07/2011. Age relaxation is as per govt rules.
Educational Qualification: Any Degree from a recognized university, and should be qualified in the Common Written Examination conducted by IBPS.
Application Fee: Rs-200/- for General/OBC candidates and Rs-50/- for others. Fee is to be paid in the form of challan download from the website http://www.syndicatebank.in  or can also be paid through internet banking.
Selection Process: Selection will be made on basis of personal interview
How to Apply: Candidates can apply through online application mode from the website http://www.syndicatebank.in from 02/01/2012 to 16/01/2012.
Instructions for Online Applying:
1. Before online apply candidates pay the application fee through challan download from the bank website at any branch of syndicate bank in CBS Account No. 01113170000188 on account of SYNDICATE BANK PROBITONARY OFFICERS RECRUITMENT PROJECT 2011-12, or can also pay through internet banking with IFSC code: SYB0000111
2. After fee payment candidates will obtain the counterfoil copy of the challan duly receipted by the Bank with Branch Name, Trans ID, and Date of Deposit.
3. Now candidates should visit the bank website and click online application and fill the details in carefully at the appropriate places.
4. After submission of online application candidates take printout of online application form for future reference.
5. Candidates should submit the print out of receipted application fee challan , and printed online application Form at the time of Personal Interview.
Important Dates:
Opening date for Online Apply Link: 02-01-2012
Last date for Online Apply: 16-01-2012
Dates for making payment of Fees: 02-01-2012 to 16-01-2012
For more details about age limit, no of vacancies, how to apply, experience, application fee, selection process, pay scale and other details of Syndicate Bank Recruitment 2012 is mentioned at the link given below…

Click here for Syndicate Bank PO Advt

Click here for Challan
Click here for Online payment of Challan