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

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)

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

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

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

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

]]> http://www.indianbanks.org/banking-jobs/state-bank-india-clerical-recruitment-2012/feed/ 0 http://www.indianbanks.org/banking-jobs/syndicate-bank-probationary-officers-recruitment-2012/ http://www.indianbanks.org/banking-jobs/syndicate-bank-probationary-officers-recruitment-2012/#comments Mon, 02 Jan 2012 04:58:01 +0000 admin http://www.indianbanks.org/?p=4656 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.

YES Bank was the first bank in the country to raise the savings deposit rate, after it was deregulated in late October. The bank had increased the interest rate by 200 basis points to six per cent. The lender said for deposits below Rs 100,000, it would continue to pay six per cent interest.

According to Rana Kapoor, founder, managing director and chief executive of YES Bank, the lender recorded a 30 per cent rise in savings deposit balances in the last two months, after it increased the savings deposit rate. “We will build on this momentum and accelerate further. It is critical to our strategy,” he said.

YES Bank’s savings deposits accounted for only two per cent of its total deposit base as of September-end. Low-cost current account and savings account deposits accounted for 11 per cent of total deposits. At the end of the July-September quarter, the bank’s deposit base stood at Rs 44,076 crore.

In October, the Reserve Bank of India had deregulated the savings deposit rate, the last bastion of administered rate regime. All banks were paying a uniform rate of four per cent on savings deposits till then.

Earlier this week, Karnataka Bank had raised its savings deposit rate by 100 basis points to five per cent. Three other private sector banks, Kotak Mahindra Bank, IndusInd Bank and Ratnakar Bank, along with Saraswat Bank, had raised their savings deposit rates.

Public sector banks, including the country’s largest lender, State Bank of India, and large private lenders like ICICI Bank, HDFC Bank and Axis Bank have not raised their savings deposit rate, as these said savings deposit accounts were typically used for transactional purposes.

Even banks that have raised the rates are not in a hurry to revise their savings deposit rate anytime soon. “We are pretty comfortable with our current rate. We have seen significant traction in our new account acquisitions after we raised the savings rate in November. Beyond a point, rates have to be seen along with other features and services being offered, as savings accounts are predominantly transaction accounts. At this point, we don’t see a real need to react,” said Rajeev Ahuja, head of strategy and financial markets, Ratnakar Bank. The bank offers 5.5 per cent interest on its savings deposits.

Kotak Mahindra Bank said it had no immediate plans to raise its savings deposit rate further. The bank pays six per cent interest on deposits above Rs 100,000 and 5.5 per cent for deposits up to Rs 100,000. “We have not decided on a further hike in our savings deposit rate,” said K V S Manian, group head of consumer banking, Kotak Mahindra Bank.

IndusInd Bank said the balances in its savings accounts had shown good growth after it raised the rate and there was no immediate plan to raise the interest rate on these accounts.

(BS)

]]> http://www.indianbanks.org/banking-news/bank-ups-savings-deposit-interest-intensifies-rate-war/feed/ 0 http://www.indianbanks.org/banking-jobs/dena-bank-business-correspondent-coordinators-jobs-2011/ http://www.indianbanks.org/banking-jobs/dena-bank-business-correspondent-coordinators-jobs-2011/#comments Fri, 23 Dec 2011 05:17:03 +0000 admin http://www.indianbanks.org/?p=4646 Dena Bank Ahmedabad, Applications are invited for post of Business Correspondent Coordinators on contract basis. Vacancy in Gujarat State and Union Territory of Dadra & Nagar Haveli and Union Territory of Daman

How To Apply: Application forms can be downloaded from official website and please apply to the concerned Regional Offices on or before 31.12.2011.

Detailed Info: Click Here

The Reserve Bank of India (RBI) on Thursday said it would take all the necessary steps to ease liquidity constraints in the money market.

RBI has been buying back government securities to ease the liquidity situation, after having raised key policy rates 13 times since March 2010. So far, RBI has bought back securities worth about Rs 25,000 through open market operations (OMOs). Also, upcoming advance tax payments by companies are likely to add to the liquidity constraint in the market, given companies have to pay advance taxes for the third quarter by December 15.

“In order to ease the situation, so far, we have carried out open market operations for Rs 25,000 crore. We would take all necessary steps to see that liquidity is eased. We are aware of the advance tax payment situation. We will take that into account while assessing the liquidity situation,” said RBI Governor, D Subbarao, at a press conference after its central board meeting in Kolkata.

According to RBI’s guidance, liquidity should remain remain between plus/minus one per cent of net demand and time liabilities, which translates into about Rs 60,000 crore. “In the last few weeks, it has gone beyond that, which means there is liquidity constraint across the system, or for certain banks,” Subbarao said.

In its last policy statement, RBI had hinted at a pause in its hawkish policy stance.

“Further rate action, whether it would be paused, depends upon any unanticipated development. Certa-inly, supporting growth remains our objective,” Subbarao said.

Since November 24, banks have been drawing an average of Rs 1 lakh crore daily from RBI, at a repo rate of 8.5 per cent under the liquidity adjustment facility (LAF). “Whatever instruments we have, OMO and LAF are there…If anything else is required, we would do that for liquidity management,” he added.

There has been a debate over the use of the cash reserve ratio (CRR) as a tool to manage liquidity. The CRR, currently at six per cent, is the proportion of deposits banks need to set aside with the central bank as cash.

“The consideration that goes into a CRR cut, or CRR action, has to be kept in mind. The consideration fundamentally is CRR is not just a liquidity tool, but also a monetary policy signal. And, we are, as of now, still in a situation in which inflationary pressures are high. For the moment, while we want to address the liquidity situation, we don’t want to do it in a way that compromises our monetary stance. So, the use of these tactical measures like OMOs is clearly the way we are going to go,” Subir Gokarn, deputy governor, RBI had said at the bankers’ meeting yesterday.

On the possibility of a cut in CRR in the next RBI policy statement, Subbarao was cautious, saying, “I cannot really react to what the market is expecting outside the context of the policy. Whatever we might decide, on the CRR or otherwise, you would have to wait for our mid-quarter statement.” RBI would meet on December 16 to review its monetary policy. To ease inflation, RBI has been raising key policy rates over the last one year.

(BS)

Minimum Educational Qualification: Graduation from a recognized University having completed a regular  10+2+3 course securing at least 50% marks in Science Streams or 45 % marks in other streams. Candidates
should be proficient in computer operations.

Application Fee: Rs.250/- for General Candidates, Rs.50/- for SC/ST Candidates. The Application fees can be paid in any of the branches of The South Indian Bank Ltd.  after producing the print out of the challan form which will be generated after the successful registration of online application.

How To Apply: Eligible Candidates Apply online through Bank’s website www.southindianbank.com from 07/12/2011 to 24/12/2011. System generated print out of the applications submitted online (Passport-size photograph pasted thereon) should be accompanied by self-attested copies of  following mark lists and certificates to prove the age and qualifications. Please submit the application in an envelope super scribed as “Application for the post of pro.clerks -Kerala and Tamilnadu – Application ref  ID – ……(please fill in)……..” and send   to “Asst.General Manager (Personnel), The South Indian Bank Ltd., Head Office, SIB House, Mission Quarters,Thrissur-680 001,Kerala” along with self attested copies of mark lists and certificates to prove qualification and age. The last date for receipt of application is 31/12/2011. Written Exam Date: 29/01/2012.

Detailed Advertisement: http://www.southindianbank.com/UserFiles/Kerala-Tamilnadu%282011-12%29_notification.pdf

Qualification: Graduation in any discipline with minimum 60% marks from any recognized University or other institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of UGC Act 1956.

How To Apply: Eligible candidates are advised to apply online between 11.00 AM on 07.12.2011 and 5.00 PM on 26.12.2011 only through the Bank’s website  www.federalbank.co.in.

Detailed Information: http://federalbank.co.in/General_Notifications_RecruitmentofOfficers.aspx

Application Fee: The fee for SC/ST/PWD  is towards postage only and for others,  the fee includes postal charges of Rs.50/-. For all others (including OBC) – Rs.500/-. Requisite application fee is to be paid at any of the branches of  SYNDICATE BANK only, by means of a Payment Challan (Prescribed format).

How To Apply: Candidates are required to apply online  through websitehttp://registration.sifyitest.com/sybanknov11/index.php from 25.11.2011 to 15.12.2011. The date of the online Examination is tentatively fixed as 22.01.2012.

Detailed Information, Payment Challan: http://www.syndicatebank.in/scripts/Recruitment.aspx

Remuneration: Rs.50000/- per month plus actuals on travelling and stay as per Bank norms plus upto 20000/-  per month towards secretarial and office  expenses to be reimbursed on certificate basis.

How To Apply: The applications should be prepared strictly in the prescribed format provided on A4 size paper and sent along with the required documents reach to “Deputy General Manager, State Bank of India, Project Finance SBU, Voltas House,2nd floor, J N Heredia Marg, Ballard Estate, Fort, Mumbai – 400001.” By Post / Courier. Please write  “APPLICATION FOR  CONSULTANTS: APPLICATION CODE  – AA”on the envelope. The last date for receiving the application at the Bank including from far flung areas is 17th December 2011.

Further Detailed info and Application Form: http://www.sbi.co.in

How To Apply: Candidates are required to apply online from 22nd November 2011 to 14th December 2011.

Detailed Info: http://vijayabank.com/vijaya/vijaya/internet-en/menus/announcements/RecruNoticeMainPage.html

“We can confirm the Reserve Bank of India is agreeable to the transfer of our retail and commercial businesses in India to HSBC. We continue to work closely with HSBC and the regulators to complete the transfer in a manner that is in the best interest of our clients and employees,” RBS said in an e-mailed statement.

The deal, announced in July, 2010, was part of RBS’ plan to retreat from some of its business in foreign markets. HSBC had agreed to pay premium of up to $95 million over the tangible net asset value of the businesses, once the deal was completed. The actual price, however, would depend on the quality of assets. The transaction was scheduled to be completed by September 30.

RBI, however, has not approved the deal yet. According to sources, the banking regulator was not comfortable with RBS selling its branches to HSBC, though the lender would continue its wholesale banking operations in India. Sources said the banks were re-working the structure of the deal.

Currently, HSBC has 50 branches in India, the second-most among foreign banks in the country. RBS has 31 branches.

HSBC has maintained the bank continues to “engage positively with the regulator” for this transaction. In an interview with Business Standard, Naina Lal Kidwai, country head for HSBC in India, said the regulatory approval was taking time due to the unprecedented nature of the deal.

RBS said India would continue to remain the third-largest employment centre for the group globally. “India remains one of the top three priority markets in the Asia-Pacific region for the RBS Group…Our commitment to India remains focused. We have been, and will continue to, invest strategically in India across our ‘go forward’ businesses,” it said.

(BS)

Application Fee: Rs.300/-. Application will be on-line and payment will be received by all the branches of Bank of India only by a Challan printed through system.

How to Apply: Eligible Candidates are required to apply online through official website on or before 30/11/2011.

Detailed Information: http://www.bankofindia.com/UserFiles/File/SSPS.doc

How To Apply: Interested candidates fulfilling the eligibility criteria may apply through Saraswat Bank o­nline recruitment form. The last date for receipt of application is 7th November 2011.

For Detailed Info: Click Here

OnlineApplication Form: http://www.saraswatbank.com/recruitment.jsp

How To Apply: Candidates are required to apply online through official website up to 25/11/2011. online submission of application start from 05/11/2011.

Detailed Info: https://www.centralbankofindia.co.in/upload/Adv-rnp.pdf

Mumbai-based Bank of Baroda (BoB) posted an increase of 14.4 per cent in net profit at Rs 1,166 crore in the quarter ended September, provisioning for bad loans more than doubled to Rs 298 crore as compared to same quarter, last year. “Increase in NPAs was seen from all sectors and geographies,” said M D Mallya, chairman and managing director. He said Rs 663 crore worth of assets were restructured quarter and 10-11 per cent of the total restructured portfolio slipped into NPAs in July-September.

All government banks were mandated to shift to an automatic NPA recognition system by the end of September. Also, adding to the pressure on banks’ asset quality was the monetary tightening by Reserve Bank of India as it raised policy rates 13 times since March, 2010.

Higher provisioning dragged Bangalore-based Canara Bank’s net profit 15.4 per cent, to Rs 852.2 crore during the reporting period. The higher provisioning was because the bank has migrated all accounts to the automated NPA recognition system. “We have taken a hit on our net profit mainly because of higher provisions towards NPAs to the tune of Rs 553 crore, higher by 3.5 times over the corresponding quarter,” S Raman, chairman and managing director, said.

New Delhi-based Oriental Bank of Commerce which has seen provisioning for bad loans and writeoffs more than double to Rs 485 crore in July-September this year, reported 58 per cent decline in net profit to Rs 167 crore.

An increase in bad loans also weighed on Corporation Bank which reported 14 per cent rise in net profit at Rs 401.11 crore. The gross NPAs of the bank rose 1.32 per cent at end-September from 1.05 per cent in the same period of the previous year. According to the management, the major source of addition to bad loans were small and medium enterprises and the agriculture sector.

Led by a higher yield on advances and lower provisioning, Kolkata-based UCO Bank posted a 94 per cent rise in net profit to Rs 231 crore for the quarter ended September 30, against Rs 119 crore in the same period last year.

Dena Bank reported 20.8 per cent rise in net profit at Rs 193.58 crore for the quarter ended September 2011. Its net interest income was up 16.43 per cent at Rs 514.9 crore.

United Bank of India posted a 13.7 per cent rise in net profit to Rs 124.77 crore for the quarter ended September against Rs 109.7 crore in the same period last year. The bank’s slippages more than doubled at Rs 623 crore in the last quarter, against Rs 203 crore in the same period last year. “More than 50 per cent of the slippages are on account of mid-corporate accounts; the rest is contributed by small ticket advances,” said Bhaskar Sen, MD and chairman.

(BS)