Reserve Bank of India Deputy Governor KC Chakrabarty has given a clean chit to private banks named in the Cobrapost expose on money laundering. The Central bank said there was no systemic issue involved in the Cobrapost allegations. ...
08:30 PM, Mar 21, 2013
Private banks are in damage control mode after their employees were shown aiding money laundering in a sting operation by online magazine Cobrapost. While ICICI Bank has suspended 18 employees pending an investigation, HDFC Bank says it has ordered a probe by independent agencies on the expose. ...
03:49 PM, Mar 16, 2013
After CNN-IBN accessed a confidential government investigation report which highlighted how several private banks were involved in conversion of black money into white, Kotak Mahindra Bank has refuted all the allegations. "We wish to clarify that no such transactions by the alleged person have been routed via Kotak Mahindra Bank," said the Kotak Mahindra group spokesperson on Friday evening. ...
08:54 PM, Mar 15, 2013
A sting operation conducted by online magazine Cobrapost across various branches of private banks has revealed how bank employees are accepting black money from customers to convert them into white money. Cobrapost Editor Aniruddha Bahal has insisted that leading private banks like HDFC Bank, ICICI Bank and Axis Bank are involved in this. He joined IBNLive readers for an interaction on the issue. ...
05:23 PM, Mar 15, 2013
A confidential government investigation report highlighting how several private banks were involved in conversion of black money into white has been accessed by CNN-IBN. ...
01:27 PM, Mar 15, 2013
A sting operation conducted by online magazine Cobrapost across various branches of private financial institutions has revealed how bank employees are accepting black money from customers to convert them into white money. ...
10:37 AM, Mar 14, 2013
Private banks operating in the country have detected and processed the maximum number of counterfeit currency instances in banking channels surpassing both public sector and foreign banks by a huge margin, an official report of the Finance Ministry has said. ...
04:50 PM, Feb 26, 2013
Around 700,000 employees and officers of the public sector, private sector and foreign banks will strike work all over India on Thursday, an official said in Mumbai on Monday. Work in 27 public sector banks, 12 old generation private sector banks and eight foreign banks shall come to a standstill due to the strike, said Vishwas Utagi, secretary, All India Bank Employees' Association (AIBEA). ...
05:34 PM, Dec 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
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
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: The Reserve Bank of India (RBI) will issue guidelines for new banking licences by the end of the current fiscal. "RBI is planning to issue the guidelines for banking licences before the close of this financial year," Finance Minister Pranab Mukherjee said on Monday during his presentation of the Budget 2011-12. In the last Budget, it was announced that the Reserve Bank of India would consider giving traditional...
12:00 PM, Feb 28, 2011
