New Delhi: State-owned Central Bank of India on Friday said it will cut interest rates on housing and other loans by up to 0.5 per cent from September 1. "We have decided to reduce the rate of interest on the car loans. We have decided (to cut)... housing loan rate by 25 to 50 basis on houses between Rs 30-35 lakh. These will be effective from September 1," Central Bank...
04:23 AM, Aug 25, 2012
Chennai: Key UPA partner DMK on Thursday requested the Centre to hold talks with the agitating bank unions to resolve the issues amicably as their two-day nation-wide strike severely affected banking operations. Party chief M Karunanidhi said the unions were protesting against Banking Laws Amendment Bill and outsourcing of jobs among others. "I request the Central government to hold talks with the representattives of the associations to ensure their protest...
06:17 PM, Aug 23, 2012
New Delhi: Normal operations in public sector banks, including cheque clearances and fund transfers, were on Thursday hampered for the second day because of the strike called by unions to protest against reforms in the sector and outsourcing of non-core services to private sector. "The strike is total success all over the country. Banking services have been affected," All India Bank Employees' Association (AIBEA) General Secretary CH Venkatachalam said. Normal...
11:20 AM, Aug 23, 2012
Singapore: India and Pakistan have agreed to allow two banks each from both the countries to set up branches across the border, Governor of the State Bank of Pakistan, Yaseen Anwar said on Wednesday. "We have held discussions with the Reserve Bank of India and both sides have agreed to issue a full banking licence to two banks of each country," Anwar said on the sidelines of a conference organised...
07:15 PM, Aug 22, 2012
Mumbai: Bank employees in India began a two-day strike on Wednesday to protest against proposed reforms that would ease mergers and allow more private capital, including foreign investment, in the banking sector. The strike will involve about one million employees and affect 70,000 bank branches of state-run and some private and foreign banks including the country's biggest lender, State Bank of India. "The strike will be a total success. We...
09:47 AM, Aug 22, 2012
New Delhi/Mumbai: A section of the public sector banking employees will go on two-day all-India strike from Wednesday to protest against financial sector reforms and outsourcing of jobs. Private sector banks and ATMs, however, will continue to work, Indian Banks Association (IBA) said, adding the impact of the two-day strike will be minimal on consumers. The United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions of employees...
08:13 PM, Aug 21, 2012
Patna: Bihar government has decided against depositing funds in 21 public and private sector banks for their failure to provide loans to borrowers on the four-point criteria, Deputy Chief Minister Sushil Kumar Modi said on Tuesday. These 21 banks, including Axis Bank and ICICI Bank, have scored qualification marks of 25 points out of 100 fixed by the state government, he said. The points are meant to assess their performance...
05:21 PM, Aug 21, 2012
New Delhi: The government on Saturday said banks are fully prepared to help farmers in mitigating the impact of drought in some areas, including re-scheduling of loans. After reviewing performance of public sector banks, Finance Minister P Chidambaram said agriculture credit is likely to cross Rs 6 lakh crore this fiscal against the target of Rs 5.75 lakh crore. Besides, he said, 11.5 Kisan Credit Cards (KCC), which are debit...
04:26 AM, Aug 19, 2012
New Delhi: In a bid to revive investment across the board, Finance Minister P Chidambaram on Saturday asked banks to cut interest rates and keep EMIs at affordable levels to encourage sale of consumer durables that will restart the engine of manufacturing. After a review meeting with the chiefs of public sector banks against the backdrop of slowdown in the economy, he also announced rescheduling of farm loans in drought...
08:29 PM, Aug 18, 2012
Mumbai: Global banks that ship increasingly sensitive and sophisticated work overseas to save costs will be forced to step up oversight of back office operations after industry scandals point to lapses involving offshore units in India. What started a decade ago as call centres staffed by young Indians faking Western accents to sell credit cards and field routine queries has grown into a core function for banks, handling work from...
06:14 PM, Aug 11, 2012
Mumbai: Reserve Bank Deputy Governor KC Chakrabarty on Saturday said MNC banks must play their roles in the nation's development. "You (foreign banks) must participate in the development process of the country if you (foreign) want to think big," Chakrabarty said. Speaking to reporters on the sidelines of an ICAI function, he further said that foreign banks have been given sufficient time (of five years) to raise their priority sector...
01:04 AM, Jul 22, 2012
Kottayam: Public sector bank employees will go on a two-day nation-wide strike from July 25 to protest against government's moves to grant banking licences to private business houses and closing down of rural branches. A letter containing the demands had been given to the authorities including Indian Banks Association on March 26, but no decision was taken, United Forum of Bank Unions convenor AC Joseph told media today. He said...
02:46 PM, Jul 17, 2012
IBPS sends printed score cards to every qualifying candidate. The score card is sent by Registered or Speed Post at the candidate's address. Candidates must take care while filling the address in their online application as the same address is used for sending the score cards. VALIDITY OF CWE SCORE CARD IBPS score cards are valid for one year. The date is counted from the date of issue of the...
04:02 PM, Jul 10, 2012
Eligibility criteria Please note that the eligibility criteria specified is the basic criteria for applying to various Public Sector Banks. However merely applying for CWE/ appearing for the examination does not imply that a candidate will necessarily be eligible for employment in all or any of the 19 Public Sector Banks as each Bank will stipulate its own eligibility/ qualifying criteria. Nationality/Citizenship A candidate must be either: - A citizen...
02:40 PM, Jul 10, 2012
Eligibility criteria (As on 1st August in the year of examination) Please note that the eligibility criteria specified is the basic criteria for applying to various Public Sector Banks. However, merely applying for CWE or appearing for the examination does not imply that a candidate will necessarily be eligible for employment in all or any of the 19 Public Sector Banks as each Bank will stipulate its own eligibility/qualifying criteria....
01:40 PM, Jul 10, 2012
The Institute of Banking Personnel Selection (IBPS) conducts the Common Written Examination (CWE) as a qualifying exam for jobs in 19 public sector banks in India. The PO exam is conducted for Probationary Officer / Management Trainee posts. However, beside the exam score, the candidates need to meet certain eligibility criteria. These criteria cover age limitations, nationality, and educational qualifications. Eligibility criteria (as on 1st July in the year of...
12:55 PM, Jul 10, 2012
Bank Types: Nationalized Banks IBPS or Institute of Banking Personnel Selection acquired independent status in 1984. The credit to the initiative goes to the Reserve Bank of India (RBI) and the Nationalized Banks. Dr Manmohan Singh, who was the governor of RBI at the time, became the first Chairman of the Governing Board of IBPS. Prior to 1984, the institute was a unit of National Institute of Bank Management (NIBM)...
12:37 PM, Jul 10, 2012
New Delhi: Amidst a growing global scrutiny of overseas funds deposited in Swiss banks, the quantum of total foreign assets managed by them has dipped by nearly 300 billion Swiss francs (about Rs 20 trillion) since 2008. Also, the share of foreign client assets in Swiss banks dropped to 51 per cent of their total asset under management at the end of 2011 - the lowest in four years. The...
04:56 PM, Jul 09, 2012
The State Bank of India (SBI) has five Associate Banks, all use the same logo of a blue circle and all the associates use the "State Bank of" name, followed by the regional headquarters name: State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Mysore State Bank of Patiala State Bank of Travancore SBI Associate Banks conduct a combined written examination (which is separate from the...
05:32 PM, Jul 06, 2012
Post: Manager (Law) Age Limit: 35 Years Essential Qualification: Graduation with Bachelors degree in Law Relevant full time post qualification experience: Minimum 5 years experience with reputed National or International Law firm(s) of Advocates/Solicitors Post: Manager Age Limit: 35 Years Essential Qualification: M.A. in Economics (minimum 55%) with Economics and M.Phil in related area/ MBA (Finance) from a reputed institution. Should hold a proficiency certificate in MS-Office. The candidate should...
03:31 PM, Jul 06, 2012
