Syndicate Bank Recruitment 2015 (Last Date for Submission of Application: 26-03-2015)

Syndicate Bank Recruitment 2015 – Dy General Manager Posts: Syndicate Bank, Personnel Department Division has issued notification for the recruitment of Dy General Manager (Law) in Top Executive Grade Scale – VI vacancies on regular basis. Eligible candidates can apply in the prescribed format on or before 26-03-2015. Other details like age limit, qualification, selection process, application fee, how to apply are given below…

Syndicate Bank Vacancy Details: 
Total No. of Posts: 01
Name of the Posts: Dy General Manager (Law)

Age Limit: Candidates age limit should be minimum 40 years and maximum 50 years as on 01-01-2015. Age relaxations are applicable as per rules.

Educational Qualification: Candidates should have Graduate with a Degree in Law.

Selection Process: Candidates are selected based on their performance in group discussion/ personnel interview.

How to Apply: Eligible candidates can send their application in prescribed format along with attested xerox copies of the documents to the Dy General Manager (P), Syndicate Bank, Personnel Department, Human Resource Development Division, Head Office, Manipal – 576 104, Karnataka on or before on or before 26-03-2015.

Last Date for Submission of Application: 26-03-2015.

For more details like age, pay scale, qualification & other information click on the link given below…

Click here for Recruitment Advt

Click here for Application Form

For Engineering Jobs : Click Here
For Government Jobs : Click  Here

Repco Bank Recruitment 2014 (Last Date to Apply Online: 27-11-2014)

Repco Bank Recruitment 2014 – Apply Online for 115 Jr Asst/ Clerk, PO Posts: Repco Bank has issued a notification for the recruitment of Junior Assistant/ Clerk, Probationary Officer vacancies. Eligible candidates may apply online from 12-11-2014 to 27-11-2014. For more details like age limit, qualification, selection process, application fee, how to apply are given below…

Repco Bank Vacancy Details: 
Total No.of Posts: 115
Name of the Posts:
1. Probationary Officer: 15 Posts
2. Junior Assistant/ Clerk: 100 Posts

Age Limit: Candidates age limit should be 21 – 30 years i.e must have been born not earlier than 02-11-1984 & not later than 01-11-1993 (both days including) for Sr.No:1 Post, 21 – 28 years i.e must have been born not earlier than 02-11-1986 & not later than 01-11-1993 (both days including) for Sr.No:2 Post as on 01-11-2014. Age relaxation will be applicable as per rules.

Educational Qualification: Candidates should possess Graduation or Post Graduation in any discipline with I class, 60% marks from any University recognised by UGC for Sr.No:1 Post, Graduation in any discipline from any university recognised by UGC for Sr.No:2 Post.

Selection Process: Selection will be made on the basis of online test, interview, Group discussion.

Application Fee: Candidates should pay Rs.400/- for SC/ ST/ PWD/ EXSM/ Repatriates Candidates, Rs.750/- for all others for Sr.No:1 Post, Rs.300/- for SC/ ST/ PWD/ EXSM/ Repatriates Candidates, Rs.600/- for General and all other candidates for Sr.No:2 Post through Online by using Debit Cards (RuPay/ Visa/ MasterCard/ Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.

How to Apply: Eligible candidates may apply online through the website www.repcobank.com or www.repcobank.co.in from 12-11-2014 to 27-11-2014.

Instructions to Apply Online:
1. Before applying online candidates have to scan the copies of photograph and signature.
2. Log on through the website www.repcobank.com or www.repcobank.co.in.
3. Click on the “Career” —> Select the appropriate position applied for.
4. Read the notification & instructions carefully before applying online.
5. Now click on the “For Online Registration – Click Here”.
6. Now click on the “Click here for New Registration”.
7. Enter Name, Contact details and Email-id, an unique Registration Number and Password will be displayed on the screen
8. Note down the Provisional Registration Number and Password.
9. If the candidate is unable to complete the application form in one go, he / she can save the data already entered by choosing “SAVE AND NEXT” tab.
10. Validate your details and Save your application by clicking the “Validate your details” and ‘Save & Next’ button.
11. Candidates can proceed to upload Photo & Signature in the prescribed format.
12. Click on the Preview Tab to preview and verify the entire application form before “FINAL SUBMIT” of application form.
13. Candidates can modify the details before clicking on “FINAL SUBMIT”.
14. Now click on “Payment’”Tab and proceed for payment, after verifying the details.
15. Pay the fee through the online by using credit card, debit card, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.
16. After payment of fee, an e-Receipt will be generated.
17. Now click on the “Submit” button.
18. After successful submission of application form, an unique Registration Number and Password will be displayed on the screen
19. Note down the Registration Number and Password.
20. Now candidates have to take the printout of the e-Receipt & online application form for future use.

Important Dates: 
Starting Date to Apply Online: 12-11-2014
Last Date to Apply Online: 27-11-2014
Last Date to Edit the Application Form: 27-11-2014
Last Date for Printing of Application Form: 12-12-2014
Online Payment of Fee: 12-11-2014 to 27-11-2014
Tentative Date of Online Test: 08-01-2015 and/ or 09-01-2015

For more details like pay scale, qualification & other information click on the link given below…

Click here for Recruitment Advt

Click here to Apply Online

For Engineering Jobs : Click Here
For Government Jobs : Click  Here

Syndicate Bank Recruitment 2014 - Apply Online for 400 Probationary Officer Posts (Last Date to Apply Online: 18-11-2014)

Syndicate Bank Recruitment 2014 – Apply Online for 400 Probationary Officer Posts: Syndicate Bank has issued a notification for the recruitment of 400 Probationary Officer vacancies in Junior Management Grade/ Scale-I for Admission to the 1 year full time post Graduate diploma course in Banking & Finance from Manipal University & NITTE University to be conducted at Manipal Global Education Services Pvt Ltd, Bangalore (MaGE) & Nitte Education International Pvt Ltd, Greater Noida (NEIPL). Eligible candidates may apply online from 05-11-2014 to 18-11-2014. For more details like age limit, qualification, selection process, application fee, how to apply are given below…

Syndicate Bank Vacancy Details: 
Total No.of Posts: 400
Name of the Posts: Probationary Officer (Junior Management Grade/ Scale-I)
Name of the Category:
1. UR: 202 Posts
2. OBC: 108 Posts
3. SC: 60 Posts
4. ST: 30 Posts

Age Limit: Candidates age limit should be 20 – 30 years as on 01-10-2014 i.e candidates must have born not later than 01-10-1994 & not earlier than 02-10-1984 (both dates inclusive). Age relaxation will be applicable as per rules.

Educational Qualification: Candidates should possess Degree (Graduation) with minimum 60% marks in any discipline from a recognized university of any equivalent qualification as such as recognized by Central Government.

Selection Process: Selection will be made on the basis of online aptitude test, GD/ Interview.

Application Fee: Candidates should pay Rs.50/- for SC/ ST/ PWD candidates, Rs.500/- for General candidates and others through online by using Master/ Visa Debit or Credit Cards or Internet Banking.

How to Apply: Eligible candidates may apply online through the website www.syndicatebank.in from 05-11-2014 to 18-11-2014.

Instructions to Apply Online:
1. Before applying online candidates have to scan the copies of photograph & signature.
2. Log on through the website www.syndicatebank.in.
3. Click on the “Recruitment” –> Select the appropriate position applied for.
4. Read the instructions carefully before applying online.
5. Click on the “Apply Online” —-> New Registration.
6. Fill the details carefully and an Provisional Registration Number and Password will be generated by the system and displayed on the screen
7. Candidate should note down the Provisional Registration Number and Password
8. In case the candidate is unable to complete the application form in one go.
9. He / she can save the data already entered by choosing “SAVE AND NEXT” tab
10. Candidates are advised to carefully fill and verify the details filled before clicking the final submit button.
11. Validate your details and Save your application by clicking the ‘Validate your details’ and ‘Save & Next’ button.
12. Now candidates have to scan the copies of photograph and signature.
13. Click on the preview button and verfiy the form and click on the “FINAL SUBMIT” button.
14. Now click on the‘Payment’ Tab and proceed for online payment.
15. Pay the fee through Master/ Visa Debit or Credit cards or Internet Banking.
16. On successful completion of the transaction, an e-Receipt will be generated.
17. Candidates are required to take a printout of the e-Receipt and online Application Form.
18. After completing of payment of fee, take the printout copies of application forms for future use.

Important Dates: 
Starting Date to Apply Online: 05-11-2014
Last Date to Apply Online: 18-11-2014
Online Payment of Application Fees from: 05-11-2014 to 18-11-2014
Download of Call letter for Examination: After 16-12-2014
Date of Online Test (Tentative): 27-12-2014.

For more details like pay scale, qualification & other information click on the link given below…

Click here for Recruitment Advt

Click here to Apply Online

For Engineering Jobs : Click Here
For Government Jobs : Click  Here

GIC Recruitment 2014 (Last Date for Receipt of Applications: 10-11-2014)

GIC Recruitment 2014 – Receptionist-cum-Telephone Operator Posts: General Insurance Corporation of India, Mumbai has given employment notification for recruitment of Receptionist-cum-Telephone Operator Vacancies on permanent basis. Eligible Candidates can send their application on or before 10-11-2014. Other details like age limit, educational qualification & how to apply are given below…

GIC Vacancy Details:
Total No. of Posts: 02
Name of the Posts: Receptionist-cum-Telephone Operator

Age Limit: Candidates age should be 18 to 35 years as on 30-06-2014. Age Relaxations are applicable as per rules.

Educational Qualification: Candidates should have passed H.Sc, Graduate & Telephone Operator PBX.

How to Apply: Eligible Candidates can send their applications along self attested copies of relevant documents to General Insurance Corporation of India, Mumbai on or before 10-11-2014.

Last Date for Receipt of Applications: 10-11-2014

For more details like age limit, educational qualification, how to apply & other information are available in the following link…

Click here for Recruitment Advt

For Engineering Jobs : Click Here
For Government Jobs : Click  Here

Banking terms 5

·        Diff between banking & Finance?

Finance is generally related to all types of financial, this could be accounting, insurances and policies. Whereas banking is everything that happens in a bank only.The term Banking and Finance are two very different terms but are often associated together. These two terms are often used to denote services that a bank and other financial institutions provide to its customers.

·        What is NASSCOM ?
The National Association of Software and Services Companies (NASSCOM), the Indian chamber of commerce is a consortium that serves as an interface to the Indian software industry and Indian BPO industry. Maintaining close interaction with the Government of India in formulating National IT policies with specific focus on IT software and services maintaining a state of the art information database of IT software and services related activities for use of both the software developers as well as interested companies overseas. Mr. Som Mittal – President. Chairman-Pramod Bhasin

·        What is ASSOCHAM?

The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's premier apex chamber covers a membership of over 2 lakh companies and professionals across the country. It was established in 1920 by promoter chambers, representing all regions of India. As an apex industry body, ASSOCHAM represents the interests of industry and trade, interfaces with Government on policy issues and interacts with counterpart international organizations to promote bilateral economic issues. President-Swati Piramal

·        What is NABARD?

NABARD was established by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premiere agency to provide credit in rural areas. NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.

·        What is SIDBI?

The Small Industries Development Bank of India is a state-run bank aimed to aid the growth and development of micro, small and medium scale industries in India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.

·        What is SENSEX and NIFTY?

SENSEX is the short term for the words "Sensitive Index" and is associated with the Bombay (Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986 and used the market capitalization of the 30 most traded stocks of BSE. Where as NSE has 50 most traded stocks of NSE.SENSEX IS THE INDEX OF BSE. AND NIFTY IS THE INDEX OF NSE.BOTH WILL SHOW DAILY TRADING MARKS. Sensex and Nifty both are an "index”. An index is basically an indicator it indicates whether most of the stocks have gone up or most of the stocks have gone down.

·        What is SEBI?

SEBI is the regulator for the Securities Market in India. Originally set up by the
Government of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 being passed by the Indian Parliament. Chaired by C B Bhave.

·        What is Mutual funds?

Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. The mutual fund will have a fund manager that trades the pooled money on a regular basis. The net proceeds or losses are then typically distributed to the investors annually.

·        What is Asset Management Companies?

A company that invests its clients' pooled fund into securities that match its declared financial objectives. Asset management companies provide investors with more diversification and investing options than they would have by themselves. Mutual funds, hedge funds and pension plans are all run by asset management companies. These companies earn income by charging service fees to their clients.

·        What are non-perfoming assets?

Non-performing assets, also called non-performing loans, are loans,made by a bank or finance company, on which repayments or interest payments are not being made on time. A debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments.

·        What is Recession?

A true economic recession can only be confirmed if GDP (Gross Domestic Product)growth is negative for a period of two or more consecutive quarters.

·        What is foreign exchange reserves?

Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities.However, the term in popular usage commonly includes foreign exchange and gold, SDRs and IMF reserve positions.

CLICK.....Current Affairs

Abbreviation Update

General Awareness CLICK

Bank terms 1

1. What is a Repo Rate?

A: Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive.

2. What is Reverse Repo Rate?

A: This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much money floating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates.

3. What is CRR Rate?

A: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.3

4. What is SLR Rate?

A: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers.
SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficiently.

5. What is Bank Rate?

A: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply.

6. What is Per Capita Income?

A: The national income of a country, or region, divided by its population. Per capita income is often used to measure a country's standard of living.Per capita income during 2008-09 estimated by CSO: Rs.25, 494.

7. What is Vote on Account?

A: A vote-on account is basically a statement ,where the government presents an estimate of a sum required to meet the expenditure that it incurs during the first three to four months of an election financial year until a new government is in place, to keep the machinery running.

8. Difference between Vote on Account and Interim Budget?

A: Vote-on-account deals only with the expenditure side of the government's budget, an interim Budget is a complete set of accounts, including both expenditure and receipts.

9. What is SDR?

A: The SDR (Special Drawing Rights) is an artificial currency created by the IMF in 1969. SDRs are allocated to member countries and can be fully converted into international currencies so they serve as a supplement to the official foreign reserves of member countries. Its value is based on a basket of key international currencies (U.S. dollar, euro, yen and pound sterling).

10. What is SEZ?

A: SEZ means Special Economic Zone is the one of the part of government’s policies in India. A special Economic zone is a geographical region that economic laws which are more liberal than the usual economic laws in the country. The basic motto behind this is to increase foreign investment, development of infrastructure, job opportunities and increase the income level of the people.