Eligibility criteria Nationality A candidate must be either: - a Citizen of India or - a subject of Nepal or - a subject of Bhutan or - a Tibetan Refugee who came over to India before 1st January 1962 with the intention of permanently settling in India or - a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United...
03:24 PM, Jul 06, 2012
The State Bank of India is the countrys oldest bank and a premier in terms of balance sheet size, number of branches, market capitalization and profits. Earlier known as the Imperial Bank of India, it got its current name in 1955 after its nationalisation by the government of India. The State Bank of India provides a range of banking products through its vast network of branches in India and overseas,...
03:00 PM, Jul 06, 2012
Computer terminologies and abbreviations are frequently askedd in Bank PO and other bank exams like the Specialist Officer exam. Here is an extensive list of short-forms or abbreviations related to computers and IT: ACE: Access Control Entry ADSL: Asymmetric Digital Subscriber Line AGP: Accelerated Graphics Port AI: Artificial Intelligence ALGOL: Algorithmic Language ALU: Arithmetic Logic Unit ANSI: American National Standards Institute API: Application Program Interface APIPA: Automatic Private Internet Protocol...
02:43 PM, Jul 06, 2012
Mumbai: Embattled Kingfisher Airlines on Thursday won more time from lenders to develop a turnaround plan while its bankers moved ahead with the sale of two properties to recover a small fraction of what they are owed. Kingfisher, controlled by liquor baron Vijay Mallya, has never made a profit in a struggling Indian airline industry and has seen its domestic market share fall from second to last among the six...
01:40 AM, Jul 06, 2012
New Delhi: Trouble seems to be mounting for the king of good times, Vijay Mallya. The banks could start selling non-core assets of Kingfisher Airlines once they start the recovery proceedings. However, the Kingfisher Airlines rubbished the reports terming them as wrong and false. It said, "It is wrong and false to claim or state that banks have started recovery proceedings after a meeting of the consortium of bankers today....
08:36 PM, Jul 05, 2012
Bank Type: Nationalized Banks Bank Name: Bank CWE (IBPS) Job Profile: Clerk EXAM PATTERN 1. Reasoning: 50 questions of 50 marks 2. English Language: 50 questions of 50 marks 3. Numerical Ability: 50 questions of 50 marks 4. General Awareness: 50 questions of 50 marks 5. Computer Knowledge: 50 questions of 50 marks Total: 250 marks EXAM SYLLABUS 1. ENGLISH LANGUAGE Vocabulary: Synonyms, Antonyms, Homonyms, Word Formation, Sentence Completion Comprehension:...
05:50 PM, Jul 05, 2012
Bank Type: Nationalized Banks Bank Name: Bank CWE (IBPS) Job Profile: Specialist Officer EXAM PATTERN For Law Officer and Rashtabhasah Adhikari 1. Reasoning: 50 questions of 50 marks 2. English Language: 50 questions of 25 marks 3. General Awareness: 50 questions of 50 marks 4. Test of Professional Knowledge: 50 questions of 75 marks Total marks: 200 For IT Officer, Agriculature Officer, Technical Officer, HR Officer and Marketing Officer 1....
05:26 PM, Jul 05, 2012
IBPS stands for the Institute of Banking Personnel Selection which conducts a Common Written Exam (CWE) to recruit Bank POs. Bank Type: Nationalized Banks Bank Name: Bank CWE (IBPS) Bank Exam: Bank CWE (IBPS) Job Profile: Probationary Officer / Management Trainee EXAM SYLLABUS 1. ENGLISH LANGUAGE (25 marks, 50 questions) Vocabulary: Synonyms, Antonyms, Homonyms, Word Formation, Sentence Completion Comprehension: Theme detection, Deriving Conclusion, Passage Completion Error Detection and Rearrangement: Passage...
04:46 PM, Jul 05, 2012
Probationary Officer (PO)/Management Trainee (MT) A Probationary officer (PO) or a Management Trainee (MT) is the first level to enter the banking world. He or she reports to immediate seniors who evaluate his performance in the tasks assigned to him. Initially, a Probationary Officer can be assigned any work from a wide gamut of ongoing banking activities. Normally the probation period is of two years in which the officer is...
04:20 PM, Jul 05, 2012
A Specialist Officer in a bank is appointed for specialised roles in various departments, according to their expertise and educational background. Some of the Specialist Officer positions in Banks are: Information Technology Officer Agriculture Field Officer Rajbhasha Adhikari Law Officer Technical Officer HR/Personnel Officer Marketing Officer ...
04:14 PM, Jul 05, 2012
A Probationary officer (PO) or a Management Trainee (MT) is the first level to enter the banking world. He or she reports to immediate seniors who evaluate his performance in the tasks assigned to him. Initially, a Probationary Officer can be assigned any work from a wide gamut of ongoing banking activities. Normally the probation period is of two years in which the officer is exposed to different types of...
04:08 PM, Jul 05, 2012
Central Banks A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. The primary function of a central bank is to provide the nation's money supply, but more active duties include controlling interest rates (monetary policy), and acting as a lender of last resort to the banking sector during times of...
03:26 PM, Jul 05, 2012
In the next five years, commercial banks will have to recruit almost 7.5 lakh people. There are 6 different Bank categories based on their ownership, functions, and national/regional/rural focus. They are Central, Nationalized, Grameen, Cooperative, Private and Foreign Bank types. IBPS CWE (Common exam for all nationalized banks except SBI) and SBI Exams are the most popular exams. Every year more than 30 lakh people appear of these exams. Bank...
03:23 PM, Jul 05, 2012
New Delhi: Amid a global crackdown against alleged black money in secret accounts of Swiss banks, their bankers are selling a new safe-haven idea to their rich clients from India and other countries -- the high-value 1,000 franc notes to be stored in safe deposit boxes. These boxes -- kept inside the premises of Swiss banks -- are also said to be being used to stash gold, diamond, paintings and...
11:41 AM, Jul 02, 2012
Mumbai: In a surprise move, country's largest bank SBI on Saturday increased interest rates on select fixed deposits by 0.25 per cent. Deposits under Rs 15 lakh for a period of three years but less than five years will fetch an interest rate of 9 per cent, up from 8.75 percent, State Bank of India (SBI) said in a statement issued. The revised interest rate will be applicable from July...
06:34 PM, Jun 30, 2012
Washington: To attack the financial underpinnings of Taliban militants, the US on Friday slapped sanctions against a pair of informal money-exchange networks in Afghanistan and Pakistan for alleged terrorist financing. The Department of Treasury slapped sanctions against two exchange houses - Haji Khairullah Haji Sattar Money Exchange (HKHS) and Roshan Money Exchange (RMX) - which principally operate in Afghanistan and Pakistan, for storing or moving money for the Taliban. It...
10:50 PM, Jun 29, 2012
Brussels: European leaders agreed on Friday to create a single supervisory body for euro zone banks and to allow them to be recapitalized directly by the currency area's rescue fund without adding to government debt. European Council chairman Herman Van Rompuy said the aim was to create a supervisory mechanism involving the European Central Bank by the end of this year, and to break the "vicious circle" between banks and...
11:31 AM, Jun 29, 2012
Brussels: European leaders have agreed to use the continent's permanent bailout fund to recapitalize struggling banks, and agreed to the idea of a tighter union in the long term. The bank decision at overnight meetings in Brussels on Friday was aimed at helping Spain, which sought a (EURO)100 billion rescue to help its troubled banks and is facing rising borrowing costs. EU President Herman Van Rompuy called it a "breakthrough...
09:08 AM, Jun 29, 2012
Mumbai: The Reserve Bank of India on Thursday said the country's banking sector has emerged resilient after a series of stress tests it conducted on the lenders. "The stress tests carried out on banks, incorporating a range of shocks, revealed deterioration in their capital position as compared with the baseline scenario, but the banking system remained resilient even under extreme stress scenarios," the apex bank said in its Financial Stability...
11:08 PM, Jun 28, 2012
New Delhi: Cyber criminals may have attempted to siphon off anywhere between 60 million euros and 2 billion euros in fraudulent transfers from at least 60 banks globally, a McAfee and Guardian Analytics study said. The study highlighted a highly sophisticated, multi-tiered, global financial fraud ring that is comprised of at least a dozen groups use active and passive automated transfer systems to steal high value amounts from high balance...
10:00 PM, Jun 26, 2012
