Indian Banks

Bank of Baroda (Indi’s International Bank) is looking for experienced Chartered Accountants in Senior ManagementGrade/Scale – IV & Middle Management Grade/Scale – III with proven track record who are qualified Chartered Accountants with experience in Banking Industry.

Educational Qualification and Experience: Any Graduate being an Associate/ Fellow of the Institute of Chartered Accountants of India. 8 years & above working experience in a Private/ Public Sector/ Foreign/ Reputed Investment Bank preferably in Processing Corporate Credit Proposals required for Senior Management Grade/ Scale-IV.  5 years & above working experience in a Private/ Public Sector/ Foreign/ Reputed
Investment Bank preferably in Processing Corporate Credit Proposals required for Middle Management Grade/ Scale-III.

Application Fee: Rs.300/- for General and OBC Candidates. Rs.50/- for SC/ ST/ Persons with Disability (PWD).

How to Apply: Candidates are required to apply online. After take printout computer generated application. The print out of the application should be sent by Speed/ordinary post only and should reach to “The Deputy General Manager (HRM & Admin), Bank of Baroda, Baroda Corporate Centre, C-26/ G Block, Bandra – Kurla Complex, Bandra (East), Mumbai 400 051“ by 21.02.2012  (in case of Far flung areas by 28.02.2012) super scribing “Application for the post of Chartered Accountants in Grade Scale IV/III”.

Detailed Advertisement and apply online: http://www.bankofbaroda.com/recruitment.asp?artid=2393&modid=36

Popularity: 1% [?]

Equity investments have slowed, with drop in Ulips.In a last-ditch effort to match last year’s investment figures, Life Insurance Corporation of India (LIC), the largest domestic institutional investor in the country, is looking to invest Rs 80,000 crore in debt and equities during the Jan-March period of this financial year. Of this Rs 15,000-20,000 crore would be invested in equities, with the rest going to debt instruments, a top official said on Thursday.

During 2011-12, it invested Rs 1.15 lakh crore, of which Rs 25,000 crore was in equities, said LIC chairman-in-charge D K Mehrotra. “Of around Rs 90,000 crore debt investments, a large part of it has gone to government securities, whereas 25-30 per cent went in corporate instruments. Our total investment would remain close to last year’s figures,” Mehrotra added on the sidelines of a press conference.

 In 2010-11, LIC invested Rs 1.95 lakh crore, of which Rs 43,000 crore was in equities.

Equity investments by life insurers has slowed in the current financial year, largely because of the drop in sales of unit-linked insurance products, which accounted for nearly 80 per cent of the industry sales. For LIC, too, the product mix between traditional and unit-linked insurance plans (Ulips) has come to 70:30 from 55:45 earlier.

In Ulips, 90 to 95 per cent of the funds are deployed in equity, whereas for traditional plans only 10 per cent goes into equities.

During the April-November period, LIC’s premium collection dropped 18 per cent to Rs 45,759 crore. In the same period, the life insurance industry premium collection was down 19 per cent to Rs 62,429 crore largely on account of the new regulations by Irda, which had impacted the sales of unit-linked policies across the industry.

Housing Finance to raise Rs 500 cr 
LIC Housing Finance (LICHF), the mortgage financing arm of LIC, is going to raise Rs 500 crore via its maiden venture capital fund, an urban development one. LICHF has already mopped up Rs 200 crore in the first tranche and would be looking to achieve the final closure in the next seven-eight months.

“We have already raised Rs 200 crore and will start deploying soon. The fund aims to make investment in companies involved in development of mid-income affordable housing, income yielding to micro infrastructure assets including industrial and IT parks, SEZ and other allied segments through equity and equity related instruments,” said V K Sharma director and chief executive, LICHF. Both LIC and LICHF has invested Rs 50 crore each in the fund, he said.

(BS)

Popularity: 1% [?]

Central Bank of India (CBI), a leading Public Sector Bank, with Pan India Branch Network of more than 3856 branches, with total business of more than Rs.319000 Crores and driven by talented work force of 35000+ employees, is looking for Qualified and  experienced  Professionals  in Senior Management Grade Scale IV/V under Specialist Category.

Scale of Pay: The candidate shall be appointed on regular basis in SMG Scale IV/V and the Scale of Pay for Scale IV is Rs. 30,600-900/4-34200-1000/2-36200 with the total emoluments at the start of the Scale shall be Rs. 49,000/- approx. + usual perks & benefits at Mumbai. The Scale of Pay for Scale V is Rs. 36,200-1000/2-38200-1100/2-40400 with the total emoluments at the start of the Scale shall be Rs. 58,000/- approx. + usual perks & benefits at Mumbai.

Application Fee: Rs.1000/- for others and  Rs.100/- for SC/ST/PWD Candidates payable by way of Draft drawn on any Nationalized/Scheduled Bank drawn in favour of  “Central Bank of India- Recruitment of Specialist Category Officer in Scale IV/V” and payable at Mumbai.

How To Apply: Application in the prescribed format. Completed application reach to “General Manager- HRD, Central Bank of India, Chander Mukhi, 17th floor, Nariman Point Mumbai- 400 021”. The Last date of application is 25.01.2012. Superscribing “Application for the post of “Specialist Category Officer in Scale IV/V” to ….“.

Detailed Info: http://www.centralbankofindia.co.in/upload/IT%20RMD%20project.pdf

Popularity: 1% [?]

Corporation Bank (A Premier Public Sector Bank) Mangalore invites applications for the post of Probationary Assistant Managers, from Indian citizens who have taken the Common Written Examination for Probationary Officers/ Management Trainees conducted by IBPS in 2011 -12 and have a valid Score card issued by IBPS.

Essential Requirement: Minimum IBPS Score obtained in CWE for POs/MTs2011-12. General Category: Marks in each subject: 25, Aggregate Marks: 151. Reserved Categories: Marks in each subject: 21.

Application Fee: Rs.50/- for SC/ST/PWD Candidates. Rs.200/- for all others.

How To Apply: Candidates are required to apply online at  Corporation bank official website from 03/01/2012 to 17/01/2012.

Detailed Information: http://www.corpbank.com/asp/0100text.asp?presentID=2241&headID=805

Popularity: 1% [?]

Bank of India (BOI), a leading Public Sector Bank having Head Office in Mumbai, invites applications for recruitment of Specialist & General Banking & Officers in various cadre/scales. BOI Recruitment of Specialist & General Banking & Officers – Project No. 2011-12/4 Notice dated 16.12.2011.

Application Fee: Rs.500/- for General and OBC Candidates. No fee for SC/ST/PWD/ Ex-Servicemen Candidates. Application once made will not be allowed to be withdrawn and fees once paid will not be refunded on any account nor can it be held in reserve for any other examination or selection.

How to Apply: Eligible candidates are required to apply online at http://ibpsreg.sifyitest.com/boisodec11/index.php on or before 16.01.2012.  The Tentative Date of Written Test: 19.02.2012. A Print-out of the application along with a recent, passport size photograph and signature on the application is to be produced at the time of Interview / Group Discussion.

For Pay Challan: Click Here

For Detailed Notification: Click Here

Popularity: 1% [?]

State Bank of India (SBI) Clerical Recruitment and Promotion Department special recruitment drive for SC/ST/OBC Category and regular recruitment for posting at North Eastern circle. Advertisement No.CRPD/CR/2011-12/05.

Educational Qualification: Minimum 12th Standard (10 + 2) pass or equivalent qualification with a minimum of aggregate 60% marks (55% for SC/ ST/ PWD/ XS). PWD(OBC) & XS(OBC) candidates applying under Special Recruitment Drive are required to have minimum of 60% marks in 12th standard or in equivalent qualification. (OR) A degree (Graduation level) from a recognized university.

Application Fee: Rs.300 + Postal Charge Rs.50/- for General and Candidates. Rs.50/- for SC/ ST / PWD / XS candidates.

How to Apply: Candidates are required to apply online through official website from 28.12.2011 to28.01.2012. The Date of Written Examination is 18.03.2012 (Sunday).

Detailed Information:http://www.statebankofindia.com/webfiles/uploads/files/1324991067870_SBI_CLERK_RECRUITMENT_DETAI

Popularity: 1% [?]

Syndicate Bank (Head Office: Manipal-576104, Karnataka) Government of India Undertaking. Online application invited from Indian Citizens for the post of Probationary Officers (PO) total 1750 vacancies.

Qualification: Pass in graduation in any discipline with 55% or more marks in aggregate from a recognized University in India (50% or more in the case of SC/ST/PWD Candidates) or equivalent.

Application Fee: Rs.300/- for General and OBC Candidates. Rs.50/- fee for SC/ST/PWD candidates.  The fee paid by a Bank prescribed payment challan.

How To Apply: Apply Online at official Syndicate Bank website from 02/01/2012 to 16/01/2012.

Further Detailed Info and apply online: http://www.corpbank.com/asp/0100text.asp?presentID=805&headID=0 available from 02/01/2012.

Popularity: 1% [?]