Thursday, 16 May 2013

Canara bank joining date of IBPS Clerk2

The bank is in the process of scrutinizing the documents submitted by the candidates allotted to the Bank through CWE-II conducted by IBPS Mumbai. The list of candidates is expected to be published in canara bank site by 27/05/2013 and the tentative date of reporting will be in the 3rd / 4th week of June 2013.
For more details Click Here

Monday, 13 May 2013

Premium revenue declined in Life Insurance Sector

In the 2012-13 fiscal year the country's 23 life insurance companies faced a decline in premium income of Rs.1,07,010 crore. It was formerly in the 2011-12 fiscal year Rs 1,14,232 crore was increased. Thus in the assessment financial year, the new premium income of life insurance companies faced a decline of 6.3 percent. In Life insurance sector, the public sector company LIC leads in first place. In Last fiscal year, the company's new premium income faced 6.5 percent decline and the amount decreased from 81,514 million to 76,245 million rupees. However, in current fiscal year LIC's new premium income will expect 15 percent growth, the company's Managing Director Mr.Sarkar told.

Sunday, 12 May 2013

IDBI bank reduces deposit rate

IDBI bank reduces interest rate upto 0.15 to-0.50 percent on term deposits. Accordingly, the term deposits up to 91 days for the first six months, interest rate is reduced from 7.75 percent to 7.25 percent. Similarly from  6 months to 269 days, the interest rate for term deposits decreased to 0.15 per cent and estimated as 8.50 percent. Recently, the Reserve Bank has reduced Repo rates by 0.25 per cent. Subsequently the IDBI bank has reduced the deposit rate. It is expected that other banks also reduce interest rate and is expected to announce soon.

Indian Bank to give 66 Percent Dividend to its shareholders

Public sector Indian Bank has decided to provide 66 percent dividend to its shareholders for the past 2012-13 financial year, the Bank's Chairman and Managing Director Mr.D.M. Bhasin said. Last fiscal year, the Bank's total business increased to 2,49,136 crore rupees. This is 17.52 percent more than the previous year. However due to pension, gratuity, employees pay the bank's operating profit decreased from 3.463 million to 3.061 million rupees. Due to this bank's net profit also decreased from 1.747 million to 1.581 million. Last fiscal year, the Bank newly-launched 143 branches and the bank's total number of branches has risen to 2081. Apart from these it has also opened branches in Singapore and in Sri Lanka it has opened in Colombo and in Yazhalpanam. Last fiscal year the bank's total outstanding debt is 3.33 percent, and net outstanding loans is 2.26 percent, Mr.Bhasin added.

Saturday, 11 May 2013

India's foreign exchange reserves declined to $ 206 million

The country's foreign exchange reserves decreased 206 million dollars (11,330 million) and felled to 29.431 million dollars (16.19 lakh crore) that ended last week, the Reserve Bank statistics said which, in the previous week, 160 million dollar ( 8.800 million) was decreased and felled to 29.637 million dollars (16.30 lakh crore). In Valuation week, foreign currency assets decreased to 30 million dollars (1,650 million) and felled to 26.373 million dollars (Rs.14.50 lakh crore). Similarly, gold security too decreased to 172 million dollars and estimated  to be $ 2.397 million. This is due to variation in the value of foreign exchange reserves like US dollar against Euro, Yen, Sterling, the Reserve Bank said.

Thursday, 9 May 2013

Delhi and Mumbai lies First in High Housing prices

In country's leading 20 cities, Delhi, Mumbai lies number one in high housing prices and Chennai is ranked 18th, National Housing Bank said in a study. In the October to December quarter, housing prices in Delhi and Mumbai increased by 9.6 percent than previous quarter. In Kolkata and Patna increased by 9.4 percent.
Following this, Kochi (8.8 per cent), Surat (8.7), Bangalore (8.2), Lucknow (8), Hyderabad (7), Ludhiana (6.5), Ahmedabad (6.1), Guwahati (5.1), Bhopal (4.9), Bhubaneswar ( 2.4), Jaipur (2.4), Vijayawada (2.2), Pune (2 percent), and their states takes place. In this list Chennai lies in 18th place with 0.6 percent growth in housing prices. In this study only Faridabad and Indore cities have a setback of housing prices of respectively minus 5.1 percent and minus 1 per cent.

Wednesday, 8 May 2013

Description of the Reserve Bank in private banking license will announce soon

Private Banking licensing terms determined by Reserve Bank will be re-issued soon, Finance Department Minister announced. Last February, 22, the new banking license rules for private companies was released.RBI has numerous letters, Telephone, email and in many respects from companies, individuals regarding the proposed regulations. Considering this Reserve Bank has decided to organize them and to come to final decision. Similarly, descriptions of all the letters will soon be posted on the Web site,RBI. 
In the banking sector, in order to increase competition with public sector organizations the Central Government has granted permission for private sector companies, to start a new bank, . However, to obtain a license for a new bank norms were released on feb22. However, the rules are unclear for a company to start a new bank so none applied yet.

Sunday, 5 May 2013

IBPS declared Notice Regarding Allotment process against available vacancies of Clerical Staff in Participating Organisations for 2013-14

Finally the wait is over and IBPS has declared Maximum and Minimum marks of Clerks 2 for each category and declared this as the final decision.Based on the marks and preference the allotment is made.
Allotment process against updated available vacancies of Clerical Staff in Participating Organisations for 2013- 14 has been completed. Candidates are being intimated individually about their status at the email address and mobile number registered for CWE Clerks II. Allotment has been done based on merit-cum-preference keeping in view the spirit of various guidelines issued by Govt. of India/Others from time to time. A candidate belonging to reserved category, selected on the basis of norms as applicable to General category, has been treated at par with a General category candidate for drawing up the merit list. Such a candidate has not been adjusted against a reserved post. However his/her allotment to an Organisation has been done by treating him/her as if he/she has qualified as a reserved category candidate. In the event of two or more candidates having obtained the same score, merit order is decided as per date of birth (the candidate senior in age is placed before the candidate junior in age).
To know the cutoff marks Click Here 

Bank Of Baroda Invites Application for Probationary Officers in Junior Management Grade / Scale-I

Bank of Baroda invites application for young, qualified, mobile and active minds who can be inducted into Bank of Baroda as Probationary Officers in Junior Management Grade / Scale-I after imparting them 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.
Bank of Baroda invites young, bright graduates or students in the final year of their graduation who fulfill the eligibility criteria specified and who are interested in a Banking career with one of India’s largest and best Banks to apply for admissions 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, and which comes with the assurance of a full-fledged Banking career with Bank of Baroda on successful completion of the course.

Start date for Online Registration : 04.05.2013
Online Payment of Application Fees : 04.05.2013 to 18.05.2013
Offline Payment of Application Fees : 07.05.2013 to 22.05.2013
Last date for Online Registration : 18.05.2013
Download of Call letter for Examination : After 25.06.201
Date of Examination (Tentative) : 07.07.2013

Qualification (As on 01.09.2013)
Degree with 60% (55% for SC/ST/PWD) marks in any discipline from a recognized University
Any equivalent qualification as such recognized by Central Government. 
Students appearing in final year degree exams can also apply subject to their submitting their Final Degree Mark sheet & Provisional Certificate on or before 01.09.2013 and securing minimum percentage as stated above 

Payment of Fees is done through both Online and Offline.
- Rs. 50/- for SC/ST/PWD candidates.
- Rs. 550/- for all others

No of Vaccancies
SC - 43  ST - 23  OBC - 81  Others - 151 
Total - 300

Candidates shall be selected by BOB through a selection process consisting of an (open) online exam and offline descriptive test of English Language followed by Group Discussion and Interview.
For more information Click Here
For Online Application Click Here

Saturday, 4 May 2013

Internet usage will rise to 33 million - Survey conducted by a private company

The country's Internet usage in 2016 year will rise to 33 million and this will be 15 percent increase a private research firm's survey said. Currently, the domestic Internet Usage is around 12.50 million. Though the Business activities carried through internet is now very low it will increase at a great level in coming years. In Present condition, only high-income persons only buy goods through the website, according to research company.