- IBPS PO
- SBI CLERK
- Study Materials
- Study Kit
(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
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 Name: Assistant
No of Post: 506
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.
Call Letter for SBI PO Descriptive Test on 03.08.2014 (Only for Candidates who attended the Objective Test "27-06-2014")
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)
Institute of Banking Personnel Selection
Institute of Banking Personnel Selection
Common Written Examination (CWE)
Recruitment in POs/MTs (CWE-PO/ MT-III)
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
- Allahabad Bank
- Canara Bank
- Indian Bank
- Syndicate Bank
- Andhra Bank
- Central Bank of India
- Indian Overseas Bank
- UCO Bank
- Bank of Baroda
- Corporation Bank
- Oriental Bank of Commerce
- Union Bank of India
- Bank of India
- Dena Bank
- Punjab National Bank
- United Bank of India
- Bank of Maharashtra
- Punjab & Sind Bank
- Vijaya Bank
- Bharatiya Mahila Bank
- IDBI Bank
- Any other bank or financial institution
(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)
|151||81||45||23||300||Minimum- 20 years
Maximum- 28 years
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
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/
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.
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.
State Bank of India
(Download) Admit Card For Assistant Clerical Cadre Examination 2014
Courtesy : SBI
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.
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.
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.
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.
State Bank of India: Extension in Registration Date for Assistants in Clerical Cadre for J&K Candidates
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.
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.
Institute of Banking Personnel Selection
Final Result Clerical Cadre 2013
List of candidates scheduled to join the bank on 04.08.2014
(Notification) IBPS - RRB III: Recruitment of Officers (Scale-I, II & III) & Office Assistants Exam - 2014
Institute of Banking Personnel Selection
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:
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:
Punjab National Bank
Joining Schedule of Management Trainees in JMG scale-I selected through CRP-III
All the candidates are to report on the scheduled date of joining sharp at 10.00A.M at the allocated venue for completing joining formalities and subsequent training.
Banking and Financial News – 23 June 2014
Money in Swiss banks: (Mint)
India moves up to 58th rank in terms of foreign money lying with Swiss banks.
India accounts for 0.15% of an estimated $1.6 trillion total global wealth held in Switzerland’s banking system.
Indian money in Swiss banks is Rs.14,000 crore (2.03 billion Swiss francs).
We are each of us angels with only one wing, and we can only fly by embracing one another. ~ Lucretius
Courtesy : Mint
Banking and Financial News – 20 June 2014
Train fares hiked (NDTV Profit) –
- • From June 25, rail passenger fares will increase by 14.2 per cent and freight rates by 6.5 per cent.
- • The fare hikes come ahead of the Rail Budget 2014 to be presented by current Railway Minister Sadananda Gowda next month.
- • Currently, the Railways is facing severe financial crunch with subsidy on passenger fares touching Rs. 26,000 crore.
Sebi revises guidelines for alternative investment funds (Mint) - To usher in more transparency, the capital market regulator—Securities and Exchange Board of India (Sebi)—has revised certain guidelines for alternative investment funds, including stricter disclosure requirements. Alternative investment funds (AIFs) are basically funds established or incorporated in India for the purpose of pooling in capital from Indian and foreign investors for investing as per a pre-decided policy.
Banking and Financial News – 19 June 2014
Sebi relaxes IPOs, OFS norms to boost primary markets (Mint) -
Securities and Exchange Board of India (Sebi)—has relaxed norms for initial public offerings (IPOs) and offers for sale (OFS) to encourage more companies to sell shares and attract retail investors.
Companies with a post-issue capital of less than Rs.4,000 crore will have to sell a 25% stake or stocks worth Rs.400 crore, whichever is lower, to the public in an initial share sale.
A minimum 10% of the OFS issue size to be reserved for retail investors, those who bid for amounts less than Rs.2 lakh.
All listed companies, including state-run companies will have to reduce promoter holding to 75% within three years.
Go confidently in the direction of your dreams! Live the life you’ve imagined. ~ Henry David Thoreau
Courtesy : Mint
Banking and Financial News – 18 June 2014
Arun Jaitley unveils anti-inflationary measures to contain price rise (Mint)
State governments asked to crack down on hoarders and fixing minimum export prices for onions and potatoes to discourage exports and increase local supply.
The wholesale price inflation (WPI) accelerated in May at the quickest pace since December.
States have been asked to delist certain items, which are usually procured through agriculture produce marketing committees (APMC), so that they come into the open market.
Former Chief Justice RC Lahoti chosen arbitrator in Vodafone tax dispute (Mint) - India has named former Supreme Court chief justice R.C. Lahoti as the arbitrator in the Rs.20,000-crore tax dispute with Vodafone Group Plc. The tax dispute between the Indian government and Vodafone arose over the capital-gains tax related to the telecom company’s 2007 acquisition of Hutchison Whampoa Ltd’s Indian telecom assets.
Banking and Financial News – 17 June 2014
Payments banks to come soon: RBI – (Mint)
India’s first payments bank, which will provide deposit and payment services but not extend loans, will be ready soon.
Payments banks, which will bring financial services to unbanked areas of the country, can start operations with a capital of just Rs.50 crore.
All their money will be invested in safe government securities.
They will be required to comply with all RBI guidelines for commercial banks.
Existing banks may be permitted to create subsidiaries to operate payments banks.
Payments banks may be created by converting prepaid payment issuers (PPIs). PPLs provide cards that customers can use to make payments with the money stored in them. E.g. Itz Cash Card Ltd, Oxigen Services (India) Pvt. Ltd and Airtel mCommerce Services Ltd.
Entry of payments banks is seen as a step closer to moving towards a differentiated banking licence regime, where the central bank issues licences to new banks to undertake specific banking operations.
Tax Administration Reforms Commission Recommendations (The Hindu)
(Headed by Parthasarathi Shome)
Retrospective amendments to tax laws should be avoided.
Income Tax return should include Wealth Tax details.
Separate budget allocation to ensur time bound tax refund.
Passbook scheme for TDS (Tax deducted at source)
Abolish post of Revenue Secretary- allocate Revenue dept functions to CBDT (Central Board of Direct Taxes) & CBEC (Central Board for Excise & Customs) and both these boards to eventually merge into Central Board of Direct & Indirect taxes.
Broaden the use of PAN (Permanent Account Number)
Without trust, honesty & loyalty all your friendships will turn to dust, be a friend worth having, be a light in the sky. ~ Anonymous
Courtesy : Mint , The Hindu
Banking and Financial News
Forex Reserves (The Hindu) – stands at US$ 313.536 b on 13 Jun 2014.
Panel suggests exempting NRIs’ non-repatriable investments from FDI limits
(The Hindu) - A panel headed by finance secretary Arvind Mayaram and set up in 2013 to rationalize the definition of FDI and foreign institutional investment (FII) has suggested.
- treating non-repatriable investments by non-resident Indians (NRIs) as domestic investment,
- exempting it from foreign direct investment (FDI)-related conditions,
- simplifying the classification of foreign investment with a carve-out for NRIs within it “in view of their special status”.
- that foreign investment of 10% or more through eligible instruments made in an Indian-listed company be treated as FDI, while such investment by way of equity shares, compulsorily convertible preference shares or debentures amounting to a less than 10% stake be treated as FPI.
- Foreign investment in an unlisted company, irrespective of threshold limit, may be treated as FDI.
RBI Allows Foreigners to Access Forex Futures, Eases Norms for Banks
(NDTV Profit) - RBI has set a limit of $10 million on banks' proprietary positions in exchange-traded currency futures and also allowed foreign portfolio investors to hedge their currency risk without any underlying up to the same limit. "An FPI (foreign portfolio investor) cannot take a short position beyond $10 million at any time and to take a long position beyond $10 million in any exchange, it will be required to have an underlying exposure," the release said.
Banking and Financial News – 16 June 2014
De-jargoned: Talking ATMs - RBI on 21 May notified all scheduled commercial banks to deploy only “talking ATMs” starting 1 July and also provide a plan to convert all the existing ATMs into talking ATMs with Braille keypads. Talking ATMs is a part of the set of directives issued by the central bank to make ATMs friendly for differently-abled users. Other directives include building ramps for wheelchair users, lower-height ATMs, and providing magnifying glasses for those with poor vision. (liveMint)
Beliefs have the power to create and the
power to destroy. ~ Tony Robbins
Banking and Financial News – 13 June 2014
Forex Reserves Up at $312.5 Billion as of June 6 - After declining for two consecutive weeks, India's forex reserves rose by $203.2 million to $312.585 billion in the week to June 6 on the back of gain in currency assets.
Pilot Scheme to allow drawals from semi-closed mobile wallets – RBI has kicked off a pilot project that will allow a few mobile payment providers to test cash withdrawal facilities for a small portion of their semi-closed mobile wallet users. Sender’s and Receiver’s wallets will be seeded with Aadhar number. On the transfer of money, Receiver, who does not have a bank account, goes to an mRUPEE outlet, establishes his identity and draws the cash. (The Hindu)
Recruitment in Clerical Cadre - 2013
SBI PO TEST – Banking Awareness – Practice Test II
01. A borrower who has availed of a loan from the Bank, is not a Consumer, as per the Consumer Protection Act. Yes / No ?
02. What is the date for complete implementation of Basel III norms by banks in India?
03. What is a Whiteline ATM ?
04. In March 2014, which bank introduced for the first time in India, a facility which allows a person not holding an ATM card, to withdraw cash from its ATMs?
05. As of March 2014, which Bank proposed to issue Basel III compliant bonds in overseas markets, the first such issue out of India ?
06. Approximately, how much is India’s Foreign Exchange Reserves? Pick the correct option.
A. $ 1 trillion B. $ 600 billion C. $ 300 billion D. $ 150 billion
07. When Foreign Investors buy large number of shares in the Indian Stock Exchanges, what happens to the value of the Indian Rupee ? (Pick the correct option.)
A. Not Affected B. Increases C. Decreases D. Can’t say
08. In terms of value, Crude Oil is India’s biggest Import. Which item is currently the second? (Pick the correct option.)
A. Machineries B. Gold C. Nuclear Fuel D. Arms & Ammunition for Defense
09. As per RBI instructions on Basel III norms, how much is the Capital Adequacy Ratio required to be achieved by Indian Banks, on the date of complete implementation?
10. As per current RBI guidelines, what is the time norm for classifying as NPA, a loan where the borrower has not paid installment or interest? (Pick the correct option.)
A. 30 days B. 60 days C. 90 days D. 180 days
Q 11 – Chose the correct option. As per the newly enacted Companies Act 2013, which is to be effective from the 1st April 2014, the Boards of Directors of the companies should include
State Bank of India
(How To Apply) Recruitment For the Post of Assistants in Clerical Cadre 2014
GUIDELINES FOR FILLING ONLINE APPLICATION: (Pre-requisite for applying online: Candidates should have valid email ID which should be kept active till the declaration of results). This will help him/her in getting call letter/interview advices etc. by e-mail). Candidates are required to register themselves online through Bank’s website www.statebankofindia.com or www.sbi.co.in After registration candidates are required to pay fee through either online (using Debit/Credit card /Internet banking) or off line mode
OPTION-I: PAYMENT OF FEE (OFFLINE):
Candidates should first scan their photograph and signature as detailed under guidelines for scanning the photograph and signature.
Candidates to visit Bank's website www.statebankofindia.com or www.sbi.co.in and open the appropriate Online Application Format available under recruitment link.
Fill the application carefully. Once the application is filled complete (candidates are advised to take printout of the application before submission of application and check its correctness carefully. If any discrepancy observed, they may edit. After edition/correction they should submit the application), candidates should submit the data. No change/ edit will be allowed after submission of the application. In the event of the candidates not able to fill the data in one go, they can save the data already entered. When the data is saved, registration number and password will be generated by the system and displayed on the screen. Candidates should note down the registration number and password. Email & SMS indicating the Registration number and Password will be sent. They can reopen the saved data using registration number and password and edit the particulars, if needed. EDIT facility will be available for three times only. Candidates to take a printout of the system generated fee payment challan immediately. The registration at this stage is provisional. The system generated fee payment challan form will be required to be presented at any branch of SBI with the requisite fee. On payment of fee, registration of online application will be complete.
Fee Payment: Fee payment will be accepted from 2nd working day after registration and can be made within three working days (subject to last date for fee payment) at any branch of State Bank of India. Candidates who have registered online on the day before last day or last day of registration and opted for offline fee payment will be required to remit fee on or before last day stipulated for offline fee payment, positively. System generated fee payment challan will be used for depositing fee. Once fee paid, the registration process is completed.
Candidates will receive registration confirmation by SMS/e-mail after two working days from the date of payment of fees. Please ensure to furnish correct Mobile number / e-mail address to receive the registration confirmation.
Note: There is also a provision to reprint the submitted application containing fee details, after three days of fee payment.
OPTION-II: PAYMENT OF FEES: [ONLINE PAYMENT]:
FOLLOW STEPS i) to iii) GIVEN UNDER OPTION-I ABOVE. However fee payment challan will not be generated and fee payment will have to be made online through payment gateway available thereat.
After ensuring the correctness of the particulars of the application form candidates are required to pay fees through the payment gateway integrated with the application, following the instructions available on the screen. No change/edit will be allowed thereafter.
The payment can be made by using MASTER/VISA debit/ credit cards or Internet Banking by providing information as asked on the screen. Transaction charges for online payment will be borne by the candidates.
On successful completion of the transaction, e-receipt and application form will be generated; you may take its printout for your record. If online transaction fails i.e online transaction is not completed successfully (even amount debited to your account), please register again and pay the fee online.
Note: There is also a provision to reprint the eReceipt and Application form containing fee details, at later stage. Once e-receipt/ application containing fee details is generated, registration is confirmed.
Banking and Financial News – 10 June 2014
KYC Norms Revised - Single address proof enough to open new bank account: RBI - People wanting to open a bank account will now just need to submit a declaration detailing their current address. No proof is required to be submitted for such address for correspondence. This address may be verified by the bank through ‘positive confirmation’ such as acknowledgment of receipt of (i) letter, cheque books, ATM cards; (ii) telephonic conversation; (iii) visits; etc. RBI asked banks to revise their know-your-customer (KYC) rules with immediate effect. Any change in the local address of the customer should be intimated to the bank “within two weeks of such a change”, RBI said. (liveMint)
Nabard cuts lending rate to banks by 20 bps - The National Bank for Agriculture and Rural Development (Nabard) has reduced the interest rate at which it lends to banks by 20 basis points (bps. One basis point is one-hundredth of a percentage point. Banks will now get loans for three years up to below five years at 9.7% interest per annum while funds for five years will be available at 9.5%.
Banks taking loans aggregating more than Rs.500 core in a single tranche will further receive a 10 bps cut in interest rates.