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Tips & Strategy to Crack IBPS, Bank PO Exam

A bank probationary officer or Bank PO is a post which is just one step short of becoming a bank manager. It is the gate way to the managerial life which can lead to one of the highest positions of the bank i.e., the General Manager. The first stage of becoming probationary officer is to crack the written exam. Almost all Banks have a similar pattern for this Exam. Generally, there is an objective test followed by a descriptive one. The candidates are required to adopt the right strategy to crack the exam to avoid last minute panic.

Swift Enabled Branches in India

Abhyudaya Co-Operative Bank Ltd.

Clerk

Salary : Rs.325 20/5 425 25/5 550 30/5 700 35/6 910 40/6 1150 45/5 1375 50/5 1625

Age Limit: Above 18 years - Below 30 years

Education :

• Any Graduate from a Recognized University.
• Proficiency in Marathi language is desired.
• Knowledge of English is required.

Selection Procedure :

The selection of the candidates shall be made on the basis of the Online Test/Examination and interview.

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Allotment of Training Centre : Recruitment For the Post of 750 Assistant Administrative Officer, LIC India - 2013

The candidates who have been advised to appear for Pre-Recruitment Medical Examination under Group “A” are hereby allotted Training Centers for training, subject to their being found medically fit for appointment in the Pre-Recruitment Medical Examination. It is once again emphasized that

The Reserve Bank of India will soon come out with major reforms in the banking sector that will allow foreign banks to enter India in a big way and even take over domestic lenders, Governor Raghuram Rajan has said.

"That is going to be a big big opening because one could even contemplate taking over Indian banks, small Indian banks and so on," Rajan told a Washington audience on Saturday.

New! Executive director of Punjab National Bank

Shri Gauri Shankar has been appointed as Executive director of Punjab National Bank w.e.f. 07.10.2013. Prior to joining Punjab National Bank as Executive Director, Shri Gauri Shankar was General Manager at Bank of India and served the Bank for over 3 decades. A double graduate in Science and Commerce, Shri Gauri Shankar has vast experience in domestic and international operations. His forte has been finance, strategy & planning and HR development. While in Bank of India, Shri Gauri Shankar served as Zonal Manager and General Manager, National Bank Group and also worked in Bank’s Overseas Centres at Jakarta and Singapore.

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West Indies Tri-Nation Series

India on 11 July 2013 won the West Indies Tri-Nation Series 2013 – Final after defeating Sri Lanka with 1 wicket at Queen’s Park Oval, Port of Spain in Trinidad. Mahendra Singh Dhoni captained the Indian Side in the tri-nation series, whereas, AD Mathews was the captain of the Sri Lanka. Kohli captained the Indian side in the second, third and fourth match after Dhoni suffered from a hamstring injury in the first match against and was out from the series in second, third and fourth match.

Match Report Final

• After winning the toss, India chose to field first.

• Sri Lanka batted first in the final match and scored 201 runs at the fall of 10 wickets in 48.5 overs

• India scored 202 with 1 wicket and two balls remaining to win the series

• Player of the match MS Dhoni (India)

• Player of the series B Kumar (India)

Series Report 1st Match

• Batting first Sri Lanka scored 208 in 48.3 overs

• West Indies chased the score in 37.5 overs at the loss of 4 wickets

• West Indies won by 6 wickets (with 73 balls remaining)

2nd Match

• India scored 229at the loss of 7 wickets in 50 overs, whereas, West Indies chased the score in 47.4 overs at the loss of 9 wickets.

3rd Match

• Sri Lanka batted first and scored 348 with 9 wickets remaining in 50 overs and India was bowled out at 187 in 44.5 overs. Sri Lanka won the match by 161 runs.

4th Match

• India scored 311 at the loss of 7 wickets in 50 overs. West Indies lost the match as it was able to score 171 runs as the loss of all wickets in 34 overs. As per Duckworth–Lewis method a game of 39 overs was played and the target given to West Indies was 274.

• India won by 102 runs (Duckworth–Lewis method)

5th Match

• Sri Lanka batting first scored 219 runs at a loss of 8 wickets in 41 overs, whereas, West Indies was able to score only 190 runs at a loss of 9 wickets in 41 overs. The match was played as per Duckworth–Lewis method and the target given to West Indies was 230 runs in 41 overs.

• Sri Lanka won by 39 runs (Duckworth–Lewis method)

6th Match

• India was able to score 119 runs at a loss of 3 wickets in 29 overs; Sri Lanka scored 96 with no wickets remaining at the end of 24.4 overs. A target of 178 runs was given to Sri Lanka to chase as per Duckworth–Lewis method.

• India won by 81 runs (Duckworth–Lewis method)

ICC’s Latest ODI Ranking

India continues to reign at the top of the table in International Cricket Council’s latest ODI ranking released on 25 July 2013. With 122 rating points, India is the number one team followed by Australia with 114 and England with 112 points. The latest ODI rankings were released by the ICC in Dubai. Among the batsmen, South Africa’s Hashim Amla replaces countryman AB Devilliers at the top. India’s Virat Kohli has maintained his position at number three while skipper Dhoni is at number six. At the June ICC Board meeting, it was also decided that the annual update to the Test, ODI and T20I rankings should now take place on 1 May each year, rather than 1 August, since this better aligns with the current international calendar.This change has been incorporated in the latest update, and has been backdated to 1 May 2013.

ICC’s Latest Test Ranking

As per the latest ICC Test rankings issued on 8 July 2013, India moved to second spot while South Africa led the ranking. England was placed at third position. South Africa gained seven rating points making its tally to 135 points. India scored 116 points. Although England won its last two test series against India it was placed below India in ranking due to its less consistent performances in other recent series particularly against Pakistan, New Zealand and South Africa. England needs to win by a margin of 3-0 in the upcoming Ashes series against Australia to get the second position. The annual ICC test ranking ensures that it continues to reflect recent form of all the Cricket teams, with past results being cast off. The recent ICC Board meeting decided that the annual update to the Test, ODI and T20I rankings would now be finalised on 1 May 1 each year instead of 1 August because it aligns better with the current international calendar.

Shane Warne Retired from All Forms of Cricket

Shane Warne, the spin legend retired from all forms of cricket officially. He announced retiring from Twenty20 League, thereby ending the overall competitive cricket career. In the year 2007, the 43-year old Shane Warne quit the Test cricket with 708 wickets. He had remained active in the domestic Twenty20 leagues.

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Institute of Banking Personnel Selection

Details of Vacancies to be filled By IBPS's Banks

Further process of provisional allotment under CWE SPL-II, against available post- wise and category-wise vacancies (as on 30.09.2013 which have been given in Annexure A) for in 2013-14 in Participating Organisations, has been completed. Provisionally allotted candidates are being intimated individually at the email address and mobile number recorded with IBPS at the time of online registration for CWE SPL-II.

Provisional allotment has been done based on merit-cum-preference keeping in view the spirit of various guidelines issued by Govt. of India/Others from time to time, administrative exigency etc. A candidate belonging to reserved category, selected on the basis of norms as applicable to General category, has been treated at par with a General category candidate for drawing up the merit list. Such a candidate has not been adjusted against a reserved post. However his/her allotment to an Organisation has been done by treating him/her as if he/she has qualified as a reserved category candidate.

In the event of two or more candidates having obtained the same score, merit order is decided as per date of birth (the candidate senior in age is placed before the candidate junior in age).

Cutoff : Table of Post Wise & Category Wise Minimum Score (2nd Allotment)

Mamnoon Hussain

Mamnoon Hussain was elected as the 12th President of Pakistan on 30 July 2013. 73-year old Mamnoon Hussain belonged to the PML-N Party.
He will be administered the oath on 9 September 2013. Mamnoon Hussain succeeded Asif Ali Zardari. Mamnoon Hussain competed against the ex-judge Wajihuddin Ahmed of Pakistan Tehreek-e-Insaf party. Raza Rabbani of Pakistan People’s Party was withdrawn as a competitive candidate.

KK Paul

Former Delhi police Chief, KK Paul on 8 July 2013 took over as the new Governor of Meghalaya, after he was administered the oath of office and secrecy by the Chief Justice of Meghalaya High Court, T Meena Kumari at a simple function held at the Durbal Hall of the Raj Bhavan in Shillong.

A.R. Rather

Abdul Rahim Rather, the Finance Minister of Jammu and Kashmir on 21 July 2013 appointed as the new Chairman of GST Panel by the Empowered Committee of States’ Finance Ministers on GST. Abdul Rahim Rather preceded Sushil Kumar Modi who had resigned from the post after a split in the JD (U)-BJP Government in Bihar, in which he was the Deputy Chief Minister and the Finance Minister.

(Result) Recruitment For the Post of 750 Assistant Administrative Officer, LIC India - 2013

The following candidates are advised to contact the Divisional Offices noted against their name on any working day from 10th October 2013 to 19th October

Arundhati Bhattacharya took over as the chairperson at the State Bank of India (SBI) on Monday. She succeeds Pratip Chaudhuri, who retired as chairman on September 30.

Bhattacharya, the first woman to head SBI, takes charge at a time when India’s largest bank is fighting worsening asset quality. As on June 30, gross non-performing assets (NPAs) at SBI stood at R60,891 crore, up 29% from a year ago. As a ratio to total assets, gross NPAs stood at 5.56%. The bulk of asset quality concerns during the April-June period came from its small and medium enterprises and mid-corporate segments.

2.2 Billion Year Old Fossils discovered

The latest study led by geologist Gregory Retallack of University of Oregon has presented the evidence for life on the earth, which dates back to 2.2 billion years, back. The team of Retallack in their study has mentioned about the 2.2 billion year old fossils of size of about the match stick head, which were connected in bunches by threads. The fossil was discovered from the ancient soil of South Africa and has been named Diskagma Buttonii, which means disc-shaped fragments of Andy Button. To verify and document and verify that the Diskagma buttonii was a fossil, X-ray imaging was performed. As a result of the X-ray imaging the researchers described the fossils as the strange, little hollow urn-shaped structures with a terminal cup and basal attachment tube.

Diskagma Buttonii fossils bear resemblance with three living organisms of present time. The organisms are:

• Leocarpus fragilis found in Oregon’s Three Sisters Wilderness

• Lichen Cladonia Ecmocyna gathered near Fishtrap Lake in Montana

• Fungus Geosiphon pyriformis from near Darmstadt, Germany

It is also similar to the 2.8 billion year old Thucomyces lichenoides fossil in morphology and size. The Thucomyces lichenoides were also discovered in South Africa. The two fossils can be differentiated just with the chemical composition of each-other, which is completely different. The discovered fossil is four times as old as the previous fossilized evidence of land life, and nearly half as old as Earth itself. At present, it is unclear that what exactly the discovered fossils are as the ancient fossil resembles with the modern soil organism called Geosiphan. Geosiphan is a fungus with a central cavity filled with symbiotic Cyanobacteria. At present, a 0.3 to 1.8 mm long fossil represents the benchmark for the age of the land dwelling known fossil. Fossil soils that act as the host of the fossils are considered as evidence that marks for the rise of the amount of oxygen in the atmosphere at about 2.4 billion to 2.2 billion years ago. This is widely referred as the Great Oxidation Event. And at the time, when the latest discovered fossil, Diskagma Buttonii existed the air on earth rose about 5 percent oxygen, which is comparatively lower than the 21 percent oxygen content of present time. But, before the Great Oxidation Event, there hardly existed any oxygen on earth. The researchers believe that the fossils are the only promising candidate that supports the existence of the oldest known eukaryote. These were the organisms with cells that contained complex structures, and had a nucleus, within membranes. The research was published in a journal Precambrian Research.

India is expected to top the list of countries receiving remittances this year too. According to World Bank estimates, the country is expected to receive $71 billion by way of remittances in 2013 against $70 billion last year.

National Textile Corporation Inaugurated

The Union Minister of Textiles, K Sambasiva Rao on 22 July 2013 inaugurated the New Bhopal Textile Mills of National Textile Corporation (NTC) in Bhopal. The mill was taken for the purpose of revival as well as modernisation along with the BurhanpurTapti Mills in Burhanpur.

It is important to note that textiles sector is the second biggest employment generator in India after agriculture. According to the approved scheme of Board for Industrial and Financial Reconstruction (BIFR), in the first phase, National Textile Corporation Limited replaced 16848 spindles and commissioned 25200 new spindles in the year 2008 at the cost of 26.42 Crores Rupees. This led to an increase in the monthly production from 1800 kilograms per day to 5000 kilograms per day. This meant that despite providing Modified Voluntary Retirement Scheme (MVRS) to surplus workers, around 380 workers started getting wages every day. The National Textile Corporation Limited (New Delhi) also approved the second phase of modernisation for the New Bhopal Textile Mill.

In its second phase, the Head Office approved sanction of 81 crore Rupees, which will help in modernisation of the machines. This would eventually help in increasing the production from 5000 kilograms per day to 14000 kilograms per day. This implies that from present sustenance of 380 workers, the mill will be able to sustain the 650 workers every day. The mill has also obtained ISO Certification.

Background

Under Nationalisation Act 1974, National Textile Corporation Limited (Madhya Pradesh) took over seven mills which were making losses. The Bhopal Textile Mills was one of these. Because of high labour cost as well as old machinery, all these mills were running into losses continuously. The seven mills were registered under BIFR. Under approved scheme of BIFR, five of these seven mills were closed as unviable units and the remaining two mills i.e. New Bhopal Textile Mills in Bhopal and BurhanpurTapti Mills in Burhanpur were scheduled for modernisation as well as revival.

Disinvestment of State Trading Corporation and ITDC

The Cabinet Committee on Economic Affairs (CCEA) on 11 July 2013 approved the disinvestment of government stake in State Trading Corporation (STC) and ITDC. The disinvestment is supposed to bring around 30 crore Rupees to the exchequer. The disinvestment is required through Cabinet nod to divest 5 per cent stake in India Tourism Development Corporation (ITDC) and 1.02 per cent in STC through the Offer for Sale (OFS) route.

The government is expecting the sale of 5 per cent stake or 42.88 crore shares in ITDC to fetch 23.58 crore Rupees. The Government is also planning to acquire about 10 crore rupees through disinvestment of 1.02 per cent, or 6.13 crore shares, in STC. It is important here to note that the government currently holds 92.11 per cent stake in ITDC and 91.02 per cent stake in STC. The stake is meant to help both the companies meet the minimum 10 per cent public holding norm of market regulator SEBI.

It is mandated for the government to bring down its stake in STC and ITDC to 90 per cent by 8 August2013. Shares of STC were trading 5.75 per cent lower at Rs 99.20 on the BSE in afternoon trade.
SEBI gets more Powers

The Union government on 17 July 2013 approved a proposal to amend SEBI Act for providing more powers to the market regulator to crack down on Ponzi schemes. As per the approval, SEBI will be given powers to conduct search and seizure operations and access call data records. Amendments to the Sebi Act and other relevant regulations were finalised after detailed consultations with the Securities and Exchange Board of India (SEBI).

Power to be given to SEBI with the approval

• • SEBI regulator will get direct powers to carry out search and seizure operations and for attachment of assets, as part of efforts to crackdown on ponzi schemes.

• • The SEBI would have powers to seek information, such as telephone call data records, from any persons or entities in respect to any securities transaction being probed by it.

SEBI since many years has been seeking a revamp of regulations as well as consent for a long time, given the changing nature of the securities market in general, and newer tools being used by manipulators to take gullible investors for a ride, in particular.

Review of Monetary Policy for 2013-14 released

RBI released the First Quarter Review of Monetary Policy for 2013-14 on 30 July 2013. The highlights are as following:

• The repo rate was kept unchanged at 7.25 percent.

• Reverse repo remains at 6.25 percent.

• Cash reserve ratio unchanged at 4.00 percent

• Keeps Marginal Standing Facility rate at 10.25 percent.

• Bank rate stands at 10.25 percent.

Considerations behind the Policy Move

• The policy stance in this review was informed by two considerations.

• First, the need for continuous vigil and preparedness to pro-actively respond to risks to the economy from external developments, especially those stemming from global financial markets.

• Second, managing the trade-off posed by increased downside risks to growth and continuing risks to inflation and inflation expectations.

Monetary Policy Stance

Accordingly, the four broad contours of RBI’s monetary policy stance are as following:

• First, to address the risks to macroeconomic stability from external shocks;

• Second, to continue to address the heightened risks to growth;

• Third, to guard against re-emergence of inflation pressures; and

• Fourth, to manage liquidity conditions to ensure adequate credit flow to the productive sectors of the economy.

Securities Laws (Amendment) Ordinance 2013 promulgated

Pranab Mukherjee, the President of India on 18 July 2013 promulgated the Securities Law Amendment Ordinance 2013. The ordinance would grant Securities and Exchange Board of India (SEBI), the powers to regulate any pooling of funds under an investment contract involving a corpus of 100 crore rupees or more and attach assets in case of non-compliance. The ordinance was promulgated by the President following the powers granted to him by Clause 1 of Article 123 of Constitution. The Chairman of SEBI would have powers to authorize the carrying out of search and seizure operations, as part of its efforts to crack down on ponzi schemes. With President’s approval of the Ordinance, SEBI has received the power to seek information, such as telephone call data records, from any persons or entities in respect to any securities transaction being investigated by it. Establishment of Special Courts enabled by this Ordinance would fast-track the resolution of pending SEBI related cases.

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Institute of Banking Personnel Selection

(Admit Card) Online Exam Call letter for the post of Probationary Officer-2013

(Result) Recruitment For the Post of 750 Assistant Administrative Officer, LIC India - 2013