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(e-Admit Card) Online Examination for the Post of Assistants in RBI - 2014

Reserve Bank of India

Call letters for Online Examination for the Post of Assistants in RBI

Exam Name: Assistants

Year: 2014

Organization: RBI

Jobs: 
Bank/Organisation: 
General: 

General Awareness & Computer Questions Asked in SIDBI Online Exam (2 SEP 2014)

General Awareness & Computer Questions Asked in SIDBI Online Exam (2 SEP 2014)

1. Who is the first woman director of Reliance group? -Nita Ambani
2. Who was the first Indian governor of RBI? -C D Desmukh
3. Commercial paper use in as an? – It is typically issued by large banks or corporations to cover short-term receivables and meet shortterm financial obligations
4. RRB is a type of? -Rural bank
5. What is the changed limit of FDI in insurance sector? - 49% FROM 26%
6. What is the full form of BBPS? - BHARAT BILL PAYMENT SYSTEM
7. When we write any program in a language we are supposed to be doing? - CODING
8. What is the full form of TCP/IP? - Transmission Control Protocol/Internet Protocol
9. What is the current computer generation? - 5th Generation
10. What is the full form of ESOP? Employee Stock Ownership Plan
11. Who is the author of the book ‘The Accidental Prime minister? Sanjaya Baru
12. The drawee of a cheque is? DRAWEE is the bank which is assigned to pay the PAYEE
13. Who is the watchdog of Indian market? SEBI
14. What is the full form of CRAR? Capital to risk assets ratio
15. What is the Award associated with Indian cinema field? Dada Saheb Phalke award (among options)
16. What is the full form of DICGC? Deposit Insurance and Credit Guarantee Corporation
17. 1 may is foundation day of which state? Maharashtra and Gujarat
18. Dilwara temple is located in which state? Rajasthan
19. What is the full form of REIT? – Real Estate Investment Trust
20. Which firm got recently banking license? – IDFC & Bandhan
21. Who were the founders of World Wide Web? - Robert Cailliau & Tim Berners-Lee
22. Apex board for controlling agriculture and rural development – NABARD
23. Who was the first governor of RBI ?– Sir Osborne Smith
24. Where is the Permanent secretariat of SAARC? – Kathmandu
25. Who is Lalgudi Jayaram ? – Indian Carnatic violinist, vocalist and composer
26. Which company raised $1bn recently in fresh funding? – Flipkart
27. Commercial paper can be issued by company having minimum net worth? not less than Rs. 4 Cr
28. Origin of the concept of Microfinance was in which country? Bangladesh
29. Which can be said as “Buy now, pay now” card? – Debit Card
30. The 21st Common Wealth Games will be held in – Queensland, Australia
31. The CAR is related to? – Risk weighted Assets
32. Asset reconstruction companies related with — Non Performing Assets (NPAs)
33. What is the full form of SFIO? - Serious Fraud Investigation Office
34. What is the full form of MSF? - marginal standing facility
35. What is the full form of MIMD? —Multiple instruction Multiple Data
36. What is the full form of PIN? - Personal Identification Number
37. A question each on Open market operation , mortgage and FCNR bonds
38) IFRS- International Financial Reporting Standards

Bank/Organisation: 
General: 

(Apply Online) Probationary Officers in Associate Banks of State Bank of India

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State Bank of India

RECRUITMENT OF PROBATIONARY OFFICERS IN ASSOCIATE BANKS OF STATE BANK OF INDIA

:: Apply Online ::

(i) PHOTOGRAPH IMAGE :

  • Photograph must be a recent passport size colour picture.
  • The picture should be in colour, against a light-coloured, preferably white, background.
General: 

(How To Apply) Probationary Officers in Associate Banks of State Bank of India

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State Bank of India

RECRUITMENT OF PROBATIONARY OFFICERS IN ASSOCIATE BANKS OF STATE BANK OF INDIA

HOW TO APPLY

GUIDELINES FOR FILLING ONLINE APPLICATION:

Candidates will be required to register themselves online first through Bank’s website www.statebankofindia.com or www.sbi.co.in. After which candidates are required to pay the requisite application fee through one of the following modes:

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

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

(Eligibility) Probationary Officers in Associate Banks of State Bank of India

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State Bank of India

RECRUITMENT OF PROBATIONARY OFFICERS IN ASSOCIATE BANKS OF STATE BANK OF INDIA

ELIGIBILITY CRITERIA : (AS ON 01.09.2014)

(A) Essential Academic Qualifications :

Graduation in any discipline from a recognised University or any equivalent qualification recognised as such by the Central Government.

Candidate having integrated dual degree (IDD) certificate should ensure that the date of passing the IDD is on or before the eligiblity date.

(Selection Procedure) Probationary Officers in Associate Banks of State Bank of India

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State Bank of India

RECRUITMENT OF PROBATIONARY OFFICERS IN ASSOCIATE BANKS OF STATE BANK OF INDIA

SELECTION PROCEDURE :

Phase-I

Examination consisting Objective Tests for 200 marks and Descriptive Test for 50 marks.

The Objective Test will be online. Immediately after the online Objective Test, Descriptive Test will be administered. Questions relating to Descriptive Test will be available on computer (Online) and candidates will have to write the answers on the answer sheet (Offline) provided to them on Paper/Pen mode.

(i) Objective Test: The Objective Test with 2hours duration consists of 4 Sections with 50 marks each (Total 200 marks) as follows:

a) Test of English Language (Grammer, Vocabulary, Comprehension etc.)
b) Test of General Awareness, Marketing & Computers
c) Test of Data Analysis & Interpretation
d) Test of Reasoning (High Level)

General: 

(Notification) Recruitment of Probationary Officers in Associate Banks of State Bank of India - 2014-15

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State Bank of India

RECRUITMENT OF PROBATIONARY OFFICERS IN ASSOCIATE BANKS OF STATE BANK OF INDIA

Applications are invited from eligible Indian Citizens for appointment as Probationary Officers (POs) in Associate Banks of State Bank of India. Candidates selected are liable to be posted anywhere in India.

VACANCIES DETAILS:

ANK

VACANCIES

SC    ST OBC*  GEN TOTAL VH  OH
SBBJ  45 71 81 153 350 15 08
SBH  112 157 253 378 900 38 18
SBM  70 69 126 235 500 14 16
SBP 07 56 13 24 100 14 02
SBT 181 180 270 505 1136 15 15
TOTAL 415 533 743 1295 2986 96 59
IBPS HINDI - आई. बी. पी. एस.: 

(Written Result) Recruitment of Probationary Officers (PO) in State Bank of India (Phase - I) Held in June / July 2014

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State Bank of India

Recruitment of Probationary Officers in State Bank of India
Result of the Written test (Phase - I) Held in June / July 2014
Roll Numbers of Candidates Shortlisted for Phase - II

Phase - II (i.e. Group Discussion and Interview) will commence from 08-10-2014. Candidates shortlisted are being advised by way of SMS and e-mail seperately. Candidates are advised to visit Bank's website www.sbi.co.in or www.statebankofindia.com to download Call-Letter for GD-cum-Interview and Bio-Data Form from 15-09-2014 onwards.

Exam Name: SBI PO

Year: 2014

Phase: Written test (Phase - I)

Bank/Organisation: 
General: 

(Online Exam Call letter) IBPS RRB Officers (Scale-I, II & III) - 2014

Institute of Banking Personnel Selection

Download Online Exam Call letter for IBPS RRBs Phase III- Officers (Scale-I, II & III)

Exam Name: IBPS RRB Officers (Scale-I, II & III)

Year: 2014

IBPS / SBI Special TX: 

(Online Exam Call letter) IBPS RRB Office Assistant - 2014

Institute of Banking Personnel Selection

Download Online Exam Call letter for IBPS RRB Office Assistant

Exam Name: IBPS RRB Office Assistant

Year: 2014

IBPS / SBI Special TX: 

(Result) LIC Recruitment of Assistant Administrative Officers (Actuarial) - 2014

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Life Insurance Corporation

RESULT: RECRUITMENT OF ASSISTANT ADMINISTRATIVE OFFICERS (ACTUARIAL)

ON THE BASIS OF THE ONLINE TEST AND INTERVIEW HELD FOR RECRUITMENT TO THE POST OF ASSISTANT ADMINISTRATIVE OFFICER (ACTUARIAL), CANDIDATES WITH THE FOLLOWING ROLL NUMBERS HAVE BEEN SHORTLISTED FOR PRE RECRUITMENT MEDICAL EXAMINATION.

Bank/Organisation: 
General: 

(Notification) IBPS CWE Clerks- IV Examination - 2014

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Institute of Banking Personnel Selection

RECRUITMENT IN CLERICAL CADRE IN PARTICIPATING ORGANISATIONS (CWE Clerks- IV)

The online examination for the next Common Recruitment Process (CRP) for selection of personnel for Clerical cadre Posts in the Participating Organisations listed below is tentatively scheduled in December 2014.

Any eligible candidate, who aspires to join any of the Participating Organisations listed at (A) as a Clerk or in a similar post in that cadre, is required to register for the Common Recruitment Process (CWE Clerks -IV). Candidates who appear and are shortlisted in the examination, will subsequently be called for a Common Interview to be conducted by the  Participating Organisations and co-ordinated by the Nodal Bank with the help of IBPS. Depending on the State/UT wise vacancies to be filled in during the financial year 2015-16 based on the business needs of the Participating Organisations and as reported to IBPS, candidates shortlisted will be provisionally allotted to one of the Participating Organisations keeping in view the spirit of Govt. Guidelines on reservation policy, administrative  convenience, etc. The validity for CWE Clerks-IV will automatically expire at the close of business on 31.03.2016 with or without giving any notice.

ELIGIBILITY CRITERIA

Nationality / Citizenship:

A candidate must be either -

(i) a Citizen of India or
(ii) a subject of Nepal or
(iii) a subject of Bhutan or
(iv) a Tibetan Refugee who came over to India before 1st January 1962 with the intention of permanently settling in India or
(v) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India,

Age (As on 01.08.2014):

Minimum: 20 years Maximum: 28 years i.e. a candidate must have been born not earlier than 02.08.1986 and not later than 01.08.1994 (both dates inclusive)

Educational Qualifications:

A Degree (Graduation) in any discipline from a University recognised by the Govt. Of India or any equivalent qualification recognized as such by the Central Government.

The candidate must possess valid Mark-sheet / Degree Certificate that he/ she is a graduate on the day he / she registers and indicate the percentage of marks obtained in Graduation while registering online.

Computer Literacy: Operating and working knowledge in computer systems is mandatory i.e. candidates should have Certificate/Diploma/Degree in computer operations/Language/ should have studied Computer / Information Technology as one of the subjects in the High School/College/Institute.

Proficiency in the Official Language of the State/UT (candidates should know how to read/ write and speak the Official Language of the State/UT) for which vacancies a candidate wishes to apply is preferable. (Some questions may be put at the time of interview to ascertain the candidate’s familiarity with the Official Language of the State/UT)

PARTICIPATING ORGANISATIONS

  • Allahabad Bank
  • Corporation Bank
  • Syndicate Bank
  • Andhra Bank
  • Dena Bank
  • UCO Bank
  • Bank of Baroda
  • Indian Bank
  • Union Bank of India
  • Bank of India
  • Indian Overseas Bank
  • United Bank of India
  • Bank of Maharashtra
  • Oriental Bank of Commerce
  • Vijaya Bank
  • Canara Bank
  • Punjab National Bank
  • Central Bank of India
  • Punjab & Sind Bank
  • Any other bank or financial institution
IBPS / SBI Special TX: 
Jobs: 
General: 

(Joining Information) List of Selected Candidate for the Post of Manager (Mechanical Engineer) in MMG Scale-II in PNB Bank

Punjab National Bank

List of Selected Candidate For The Post of Manager (Mechanical Engineer) in MMG Scale-II and his Joining Schedule. Interviews Conducted on 26 & 27may 2014

Bank/Organisation: 
General: 

(Cut-off) RBI Officers Grade 'B' (General) Exam - 2014

(Cut-off) RBI Officers Grade 'B' (General) Exam - 2014

Phase I Cut-Off Marks

IBPS / SBI Special TX: 
Bank/Organisation: 

(Notification) RBI : Assistant Examination - 2014

Reserve Bank of India

Recruitment for the post of Assistant

The Reserve Bank of India invites applications from eligible candidates for 506 posts of “Assistant” in various offices of the Bank. Selection for the post will be through a country-wide competitive Online Examination and Interview.

Post Detail:

Post Name: Assistant

No of Post: 506

Pay Scale:

Selected Candidates will draw a starting basic pay of ` 8,860/- per month (i.e. ` 8,040/- plus two advance increments admissible to graduates only) in the scale of ` 8,040 – 410 – 9270 – 500 – 11,270 – 550 – 13,470 – 650 – 15,420 – 720 – 16,140 – 990 – 20,100 (20 years) and other allowances, viz. Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc., as admissible from time to time. At present, initial monthly Gross emoluments for Assistants is approximately ` 22,732/-

Educational Qualifications (as on 06-08-2014):

i) At least a Bachelor’s Degree in any discipline with a minimum of 50% marks (pass class for SC/ST/PWD candidates) in the aggregate and the knowledge of word processing on PC.
ii) A candidate belonging to Ex-servicemen category should either be a graduate from a recognized University or should have passed the matriculation or its equivalent examination of the Armed Forces and rendered at least 15 years of defence service.
iii) Candidates applying for post in a particular state should be proficient in the language of the state i.e. know to read, write, speak and understand the language.

Jobs: 
Bank/Organisation: 
General: 

Call Letter for SBI PO Descriptive Test on 03.08.2014 (Only for Candidates who attended the Objective Test "27-06-2014")

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State Bank of India

Call Letter for Probationary Officers Descriptive Test on 03.08.2014

(Only for Candidates who attended the Objective Test in the Afternoon Session on 27-06-2014)

IBPS Probationary Officer (PO) Exam Notification 2014 (CWE PO/MT-IV)

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Institute of Banking Personnel Selection

Common Written Examination (CWE)
Recruitment in POs/MTs (CWE-PO/ MT-IV)

The online examination for the next Common Recruitment Process for selection of personnel for Probationary Officer/ Management Trainee posts in the Participating Organisations listed below is tentatively scheduled in
October 2014.

PARTICIPATING ORGANISATIONS

  1. Allahabad Bank
  2. Canara Bank
  3. Indian Bank
  4. Syndicate Bank
  5. Andhra Bank
  6. Central Bank of India
  7. Indian Overseas Bank
  8. UCO Bank
  9. Bank of Baroda
  10. Corporation Bank
  11. Oriental Bank of Commerce
  12. Union Bank of India
  13. Bank of India
  14. Dena Bank
  15. Punjab National Bank
  16. United Bank of India
  17. Bank of Maharashtra
  18. ECGC
  19. Punjab & Sind Bank
  20. Vijaya Bank
  21. Bharatiya Mahila Bank
  22. IDBI Bank
  23. Any other bank or financial institution
IBPS / SBI Special TX: 
General: 

(Jobs) Bank of Baroda : Recruitment of 300 Probationary Officers in Junior Management Grade/Scale-I - 2014

1 year Post Graduate Diploma in Banking and Finance course in Baroda Manipal School of Banking

(Jobs) Bank of Baroda : Recruitment of 300 Probationary Officers in Junior Management Grade/Scale-I - 2014

We are looking for young, qualified, mobile and active minds who can be imparted with the necessary knowledge and skills required to be good all-round bankers through the 1 year Post Graduate Diploma in Banking and Finance course in Baroda Manipal School of Banking.

On successful completion of the course within the stipulated time period, the candidate would be offered appointment in the bank as Probationary Officers in Junior Management Grade / Scale-I.

Candidates shall be selected through selection process consisting of online exam followed by Group Discussion and Personal Interview. Admission to the 1 year full-time post graduate diploma course in Banking and Finance from Manipal University to be conducted at the Baroda Manipal school of Banking comes with the assurance of a full-fledged Banking career with Bank of Baroda on successful completion of the course.

Number of Student intake per batch

Age (As on 16.07.2014)

Unreserved OBC SC ST Total
151 81 45 23 300 Minimum- 20 years
Maximum- 28 years
Bank/Organisation: 
General: 

Union Budget 2014 Highlights & Key Features

Union Budget 2014 Highlights & Key Features

The Current Economic Situation And The Challenges

  • The state of world economy has been the most decisive factor affecting the fortunes of every developing country.

  • The world economy has been witnessing a sliding trend in growth, from 3.9 percent in 2011 to 3.1 percent in 2012 and 3 percent in 2013.

  • The economic situation of major trading partners of India, who are also the major source of our foreign capital inflows, continues to be under stress. United States has just recovered from long recession, Euro zone, as a whole, is reporting a growth of 0.2
    per cent, and China’s growth has also slowed down.

  • The economic challanges faced by our country are common to all emerging economies.Despite these challanges, we have successfully navigated through this period of crisis.

  • Apart from embarking on the path of fiscal consolidation, the objectives of price stability, self sufficiency in food, reviving the growth cycle, enhancing investments, promoting manufacturing, encouraging exports, quickening the phase of implementation of projects and reducing a stress on important sectors were the goals set in 2012-13.
     

State of Economy

  • Deficit and Inflation

  • Investment

  • Foreign Trade

  • Manufacturing

  • growth.

  • Infrastructure

  • Exchange Rates

  • GDP Growth

  • UPA’s record of Growth

Report Card of 2013-14

  • De-controlling sugar, gradual correction of diesel prices, rationalization of railway fares, were some of the courageous and long over due decisions taken by the Government.

  • Applications were invited for issue of new bank licences.

  • DISCOMS, mostly sick are being restructured with generous central assistance.

  • 12.8 lakhs land titles covering 18.80 lakh hectare were distributed under the Scheduled Tribes and Other traditional Forest Dwellers Act.

  • The oppressive colonial law of 1894 was substituted with the Right to Fair Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement Act.

  • National Food Security Act was passed assuring food to 67 percent of the population/
    households.

  • The new companies Act replaced a law of 1956 vintage.

  • The PFRDA Act was passed to establish a statutory regulator for the New Pension Scheme.

Economic Initiative

  • Centrally Sponsered Schemes were restructured into 66 Programs for greater Synergy.

  • Funds under these programs will be released as Central assistance to State Plan, thus giving greater authority and responsibility. As a result, Central assistance to plans of States & UTs will rise substantially from `136,254 crore in BE 2013-14 to `338,562 crore in 2014-15.

  • Record Capital expenditure of ` 257,641 crores in 2013-14 by public sector enterprises.

  • About 50,000 MW of Thermal and Hydel Power capacity is under construction after receiving all clearances and approvals. 78,000 MW of power capacity have been assured coal supply.

  • Liberalised FDI policy in tele-communication, pharmaceuticals, civil aviation, power trading exchange, and multi brand retail to attract large investment.

  • Approval to establish 2 semi conductor wafer fab units.

  • Approval of IT modernization project of Department of Post.

  • Kudankulam Nuclear Power Plant Unit-I achieved criticality and is generating 180 Milliion Units of power.

  • Fast breeder Reactor at Kalpakkam and 7 Nuclear Power Reactors under construction.

  • National Solar Mission to add 4 Ultra Mega Solar Power Projects each with the capacity of over 500 MW in 2014-15.

  • Ministry of MSME will create the ‘India Inclusive Innovation Fund’ to promote grass root innovations with social returns to support enterprises in the MSME sector with an initial contribution of `100 crore to the corpus of the fund.

Social Sector Initiative

  • A Venture Capital Fund to provide concessional finance to Scheduled Caste will be set up by IFCI with an initial capital of ` 200 crore which can be supplemented every year.

  • The restructured ICDS, under implementation in 400 districts, will be rolled out in remaining districts from 1.4.2014.

  • A National Agro-Forestry Policy 2014 has been approved.

  • A mechanism for marketing minor Forest produce has been introduced and an allocation of ` 444.59 crore has been made to continue the Scheme in 2014-15.

  • A new Plan Scheme with an allocation of `100 crore has been approved to promote
    community radio station

  • New technologies such as JE vaccine, a diagnostic test for Thalassaemia and Magnivisualizer for detection of Cervical cancer have been delivered to people.
    Additional Central Assistance to some States

  • A sum of `1200 crore as additional central assistance to North Eastern states, Himachal Pradesh and Uttarakhand in this financial year.

Overview of The Interim Budget

  • In order to sustain the pace of plan expenditure, it has been kept at the same level in
    2014-15 at which, it was budgeted in 2013-14.

  • Ministries/Departments which run key flagship programmes have been provided adequate funds in 2014-15 either equal to or higher than in the BE 2013-14. These include Ministries namely, Minority Affairs, Tribal Affairs, Housing & Poverty Alleviation, Social Justice & Empowerment, Panchayat Raj, Driniking Water and Sanitation, Women & Child Development, Health & Family Welfare, Human Resource Development and Rural Development.

Railways

General: 

Banking and Financial News – 27 June 2014

Banking and Financial News – 27 June 2014

Amazon Ties Up With IT Billionaire Murthy Of Infosys To Launch E-commerce Joint Venture In India (Forbes)

  • Narayana Murthy, the billionaire co-founder of Indian IT services firm, Infosys, has formalized an e-commerce joint venture with the world’s largest online retailer, Amazon, through his private investment firm, Catamaran Ventures. The deal was signed in May.

  • The JV will offer services that help offline sellers and SMBs in India to get online and to take advantage of the fast-growing online customer base in the country.

  • The joint venture named Taurus Business And Trade Services will operate in major Indian cities and towns. It will help offline sellers and small & medium businesses (SMBs) by training them in online tools so that they can improve the customer base online as well as improve footfalls and revenues.

  • Amazon’s latest venture with Catamaran is a sign that global giants are taking Indian e-commerce a lot more seriously.

General: 

Banking and Financial News – 26 June 2014

Banking and Financial News – 26 June 2014

In Vodafone Tax Dispute, a New Appeal in Supreme Court (NDTV Profit)

  • The Supreme Court has been asked to stop the government from arbitration proceedings with Vodafone in a tax case worth Rs. 20,000 crore.

  • A Public Interest Litigation or PIL says the top court should order an end to the arbitration process and ask the government to recover dues. The Supreme Court has not yet decided whether it will hear the petition.

  • In May, Vodafone Group Plc began an international arbitration against the Indian government, toughening its stance in a long-running dispute that has dented foreign investor sentiment for India.

  • The British mobile phone operator's talks with the Indian government failed to find a solution last year.

  • The tax dispute stems from Vodafone's acquisition of Indian mobile assets from Hutchison Whampoa in 2007. The deal made the British company India's largest overseas corporate investor.

  • In 2012, India's Supreme Court ruled that Vodafone was not liable for payment of any tax on the acquisition. The Indian government later that year changed the rules to enable it to tax deals that had already been concluded.

  • Vodafone rejected the tax claim and said that, even if tax was due, it should be paid for by the seller rather than the buyer.

  • Vodafone's Indian mobile services business is the country's second-biggest by users and revenue.

  • The international arbitration proceedings will take place under a bilateral investment agreement.

  • In April this year, Vodafone took full ownership of its India unit after buying the 15.5 per cent it did not already own.

  • Uncertainties over policy in India have unsettled investors, and tax claims on foreign companies have been a major concern. IBM Corp, Royal Dutch Shell Plc and Nokia Oyj are among foreign firms contesting local tax claims.

Blackstone, others gear up to list REITs as India finalises rules (Reuters)

  • Blackstone Group (BX.N) and its partner, Embassy Group, are laying the groundwork to cash in on their property holdings by setting up India's first real estate investment trust (REIT) and listing it on one of the country's stock exchanges.

  • Finance ministry is expected to clarify tax rules for REITs in the coming budget.

  • Listing REITs gives companies like Blackstone, The Xander Group, an emerging markets investor, an attractive option to exit some of their investments.

  • India issued draft regulations for REITs in 2008, but was forced to shelve the plans after the global financial crisis dried up investor interest and an economic downturn dimmed the outlook for real estate investments.

  • If REITs are approved, India will follow China, where regulators in April approved the first property trust. The absence of REITs in China and India made Singapore and Hong Kong the preferred markets for listing property assets in the region.

  • REITs, listed entities that invest mainly in leased office and retail assets and distribute most of their income to shareholders as dividends, will give developers a new avenue to raise funds by allowing them to sell finished commercial buildings to investors and list them as a trust.

General: 

Banking and Financial News – 25 June 2014

Banking and Financial News – 25 June 2014

RBI lets NBFCs work as banking correspondents (Mint)

  • RBI on Tuesday permitted banks to appoint NBFCs which do not accept deposits as their business correspondents (BCs), a move which could help extend banking services to remote areas.

  • Commercial banks hire BCs to offer basic banking services in areas where they do not have branches. As of now, banks appoint individuals, small grocery stores and private enterprises as BCs. The BCs act as agents of the parent bank.

  • NBFCs have been seeking permission to be BCs for long, claiming they are well-positioned for the task.

  • Early this year, an RBI committee headed by Nachiket Mor had recommended that the scope of BCs be expanded and suggested the possible inclusion of new entities as BCs.

  • As per the new rules, even microfinance institutions operating as NBFCs (NBFC-MFIs) can operate as BCs.

  • RBI also issued rules for appointing non-deposit taking NBFCs (NBFC-ND) as their BCs.

  • Banks and NBFCs operating as their agents, should ensure that “there is no co-mingling of bank funds and those of the NBFC-ND appointed as BC.

  • Also, there should be a specific contractual arrangement between the bank and the NBFC-ND to ensure that all possible conflicts of interest are adequately taken care of.

  • Banks should also ensure that the NBFC-ND does not adopt any restrictive practice such as offering savings or remittance functions only to its own customers and forced bundling of services offered by the NBFC-ND and the bank does not take place.

  • RBI also scrapped any existing distance criterion applied to BCs.

Kapol bank's board dissolved by RBI; (Times of India)

  • RBI on Tuesday dissolved the board of Kapol Cooperative Bank, Kalbadevi, Mumbai.

  • The RBI dissolved the bank's board because of its weak capital adequacy and high-level of non-performing assets.

  • An administrator was appointed to run the Mumbai-based urban cooperative lender.

  • Though the bank's operations have not been restricted under Section 35A of the Banking Regulation Act, 1949, it would not be able to sanction any new loans.

  • Depositors too cannot withdraw their deposits pre-maturely.

  • No restrictions or limits on withdrawal of money from current and saving accounts of account holders have been placed.

General: 

Banking and Financial News – 24 June 2014

Banking and Financial News – 24 June 2014

Black money : RBI wants banks to share details with SIT (Mint)

  • RBI seeks details about the Swiss bank accounts while Switzerland says it ‘shares India’s wish to fight tax evasion’

  • RBI instructed domestic banks to share information with the special investigation team (SIT) to track black money.

  • The government formed the SIT in May following a directive from the apex court.

  • The SIT is headed by retired Supreme Court judge M.B. Shah.

  • SIT will also include the revenue secretary, directors of the Central Bureau of Investigation, the Intelligence Bureau, Research and Analysis Wing and the Enforcement Directorate, chairman of the Central Board of Direct Taxes, and a deputy governor of the RBI.

General: 

State Bank of India: Extension in Registration Date for Assistants in Clerical Cadre for J&K Candidates

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State Bank of India

Advertisement No. CRPD/CR/2014-15/02

Vacancy in the State of Jammu & Kashmir (J&K):

The vacancies will be considered for the entire State of Jammu & Kashmir and the selected candidates may be posted to any branch/office of the  Bank in the state of J & K. The stipulation regarding knowledge of local language and the minimum period of stay will be as applicable to other States which is stated below:

  • Knowledge of local language will be an added qualification.
  • Candidates will not be entitled for inter/intra-state transfer in the first 5 years of service.

Extension of the Last Date of Registration in respect of the Vacancies of Jammu & Kashmir Up To 07.07.2014 (Registration For Other States Will Close on 14-06-2014)

  • Last date for application registration and online fee payment extended to 07-07-2014.
  • Last date for offline fee payment extended to10-07-2014.
  • For candidates who have already applied against the vacancy of another State, and now want to change the option to J & K on account of the revised stipulations applicable to the vacancies of J & K, an option to do so will be available at the time of downloading of call letters.
Jobs: 
General: 

Current Affairs For Bank, IBPS Exams - 01 July, 2014

Current Affairs For Bank, IBPS Exams

01 July, 2014

RBI committee for indices on labour to improve decision-making

  • Seeking to address data gap problems, a Reserve Bank of India panel, made a case for compilation of separate indices on producer price, labour force, urban wages and household indebtedness with a view to improving monetary policy formulation.

  • To address major data gaps in monetary policy-making, the committee recommends the compilation of various indicators, such as producer price index, services sector output and price index, labour force survey, urban wages, retail sales, construction activity survey, and surveys of household indebtedness through co-ordination with the relevant government agencies.

IBPS / SBI Special TX: 

IBPS Declared Final Result for Clerical Cadre Exam Held in November/December 2013

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Institute of Banking Personnel Selection

Final Result Clerical Cadre 2013

List of candidates scheduled to join the bank on 04.08.2014

Important Link:

IBPS / SBI Special TX: 
General: 

(Notification) IBPS - RRB III: Recruitment of Officers (Scale-I, II & III) & Office Assistants Exam - 2014

Institute of Banking Personnel Selection

Common Written Examination (CWE)
IBPS -RRB : Recruitment of Officers (Scale-I, II & III) & Office Assistants (Multipurpose)

The next Online CWE for RRBs (RRBs- CWE-III) for recruitment of Group “A”-Officers (Scale-I, II & III) and Group “B”-Office Assistants (Multipurpose) will be conducted online by the Institute of Banking Personnel Selection (IBPS) tentatively in September 2014.

This system of Common Examination for recruitment of Officers and Office Assistants (Multipurpose) has been approved by the Government of India, notified by NABARD and has the mandate of each of the RRBs.

IBPS, an autonomous body registered under Societies Registration Act 1860 and a Public Trust under Bombay Public Trust Act 1950, has been authorised to conduct the CWE, and the participating RRBs are as under:

General: 

(Result) LIC AAO Assistant Administrative Officer (Actuarial)

LIC Logo

Life Insurance Corporation

On the Basis of the Online Test Held For Recruitment to the Post of Assistant Administrative officer (Actuarial), Candidates with the Following Roll Numbers Have Been Shortlisted for Interview:

Bank/Organisation: 
General: 

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