Posts Tagged ‘SBI’

01.11
15

Finding Glorious Opportunities As Clerks In Reputed Banks Of Pnb, J&k And Sbi Clerk Recruitment 2013

by como ·

Another very important aspect of getting into the bank jobs is the progressive career growth that is assured through such recruitments. People like entering into such job profiles, which have the potential to provide the right amount of impetus to let the candidates move forward in life. As clerks, such an opportunity to grow in life is bestowed on the recruits and that too from a very early phase of life.

People, who are inducted in various nationalised banks of the country, are eligible for the clerical positions starting from 18 years of age to a maximum of 28 years of age. The age limit is quite young if other professional placements are considered and from such young age, going into higher divisions and gradually rising up the ladder of success is an achievement. It is because of this reason that many people are encouraged to find their names in the final selection list of reputed banks like J&K, or PNB or SBI, the latter being the most famous and the largest nationalised bank in the country. It is therefore obvious that SBI clerk recruitment 2013 will be highly sought after.

Although SBI is a nationalised bank, it conducts its recruitment by itself and therefore people can look up for SBI clerk recruitment 2013 through internet, newspapers and employment news channels. If they are able to cross the hurdles of written tests and interviews, then people will be recruited into the clerical positions and then they can get hold of good salary and thereby work their way up in the banking careers. But before the good things come up their way, people need to prepare themselves for the upcoming recruitment portfolios as they would be doing for the SBI clerk recruitment 2013.

There are other nationalised and privatised banks, where positions of clerks will be coming out through various advertisements. In these ads, people will find that the recruitment into clerical positions in the nationalised banks like Jammu & Kashmir bank, PNB and other will be through the IBPS written exams, which are conducted twice in a year. For the posts of clerks in the Jammu & Kashmir bank, interested candidates can go through the process of Jammu & Kashmir bank recruitment 2013 by first appearing in the common written test and then applying for these recruitment advertisements.

Similarly for the clerical positions in the PNB, interested people will have to pass through the hurdles of written exam of the IBPS and then send their applications when the PNB recruitment 2013 is advertised. To be finally selected into these nationalised banks, people will have to give a combined effort towards the written exams as well as for the interviews so that they can gain access to good careers in the banking industry. The path ahead is going to be interesting as well as prospective as people make efforts and get rewarded with growth in their lives as well as careers.

08.12
13

Sbi Hike Home Loan Interest Rates

by como ·

Although the bank will continue with its 8% teaser rate which the SBI had introduced more than a year ago for the first year, it has increased rates for the subsequent years, effective April 1. The hike in home loan rates by SBI was triggered by the recent increase in its cost of funds.
Till March 31, SBI had two schemes The Easy Home Loan (up to Rs 50 lakh) and Advantage Home Loan (above Rs 50 lakh). From April 1, both the schemes have been merged and extended for a month,” an SBI spokesperson confirmed to TOI. The rates applicable for new loans sourced from April 1 till April 30 are 8% for the first year, 9% for the second and third years and floating rate at 1.75% below SBAR (SBI’s equivalent of prime lending rate, or PLR) thereafter,” the spokesperson added.
So in effect, the home loan rates for the second and the third years have gone up by 50 basis points (100 basis points=1%), from 8.5% earlier to 9% now. While fourth year onwards, at the current structure, the interest rate will be at 10% per annum, since currently SBAR is at 11.75%. Earlier, from the fourth year onward, the floating rate was at 2.75% below the SBAR and the effective rate was 9%.

Under the new rate structure (assuming a 10% rate from the fourth year), on a 20-year loan of Rs 30 lakh, a customer would have to shell out about Rs 3.9 lakh over the tenor of the loan. Thus the effective rate that the customer would be paying over the 20-year period is 9.5%.
Explaining the rationale for hiking rates on home loans, the SBI spokesperson said it mainly reflected the increased cost of funds from April 1 stemming from the new methodology for paying interest in savings bank accounts on daily balances.” In April 2009, Reserve Bank of India (RBI) had mandated all the banks in India to move to a new methodology of calculating interest rates on savings bank accounts that would add interest on a daily basis. This is a significant departure from the earlier practice of calculating interest rate on minimum balance after the tenth of every month.
For sometime now, with the annual rate of food inflation hovering around 20% level and the yields on benchmark 10-year government securities around the 8% mark, bankers and home finance veterans were talking about the possibility of a hike in interest rate in the economy. And now with SBI, the country’s largest bank, hiking housing loan interest rates, industry players are almost sure that interest rates have bottomed out in the current cycle.
Lately a number of banks and financial institutions, including the country’s home loan pioneer HDFC, have withdrawn their home loan products at 8% or at a slightly lower rates, and are moving to a more sustainable interest rate structure.

12.29
12

Multiple Vacancies Hallmarking 2013 Recruitment In Ssb, Ssc And State Bank

by como ·

These government jobs can be in the railways, health sector, postal department, general administration and many other places, which work in concert to run the government. Even banking jobs are also considered to be quite stable with good pay scale, commensurate to government departments. Armed forces form one other important job provider to the countrymen in India. this is a huge sector for employment generation because of the multiple branches that are associated with the defence departments.

SSC recruitments for govt posts

In order to fill up the vacancies in various government departments in Group C and D positions, the SSC or Staff Selection Commission is given the task of carrying out the recruitment process. With the SSC recruitment 2013, huge number of positions would be filled up in the Government of India. These are all central government jobs, with pay scales as per the central scale. Like previous years, there will be plenty of positions on offer for the candidates, and if they satisfy the eligibility criteria, then they can apply for these positions. Through the SSC recruitment, there are positions such as paramedical staff, stenographers, clerks, data entry operator, technical assistants, and many others, for graduates as well as for undergraduates. Many candidates are eyeing these vacancy recruitment advertisements because of the large number of posts in different government departments. Such huge vacancies have been coming up because of the efforts of the government to fill up all the posts and also because of the continuous phases of retirement from different departments. Whenever the recruitment drive is done through the SSC, a large number of vacancies are published at one go, as is being done presently for the Assistant Grade III in FCI, which amounts to about 6545 posts.

Strengthening SSB through recruitment drives

The recruitment drive for the SSB or Sashastra Seema Bal, which is a unit of the armed forces in the country, is also done in large numbers. This is a unit which is responsible for the guarding of the borders of the country, and also participate in rescue missions during disasters. To keep the force strong and working, there are regular intakes of new recruits, in posts ranging from the officers such as commandants to the head constables or the sub ordinate staffs. In SSB recruitment 2013, a lot of candidates will be taken into the Sashastra Seema Bal for further strengthening the work force of this section of the armed forces.

SBI as prospective employer

SBI or State Bank of India is the largest nationalised bank in the country, with branches almost in all the cities in the country. In the State Bank recruitment 2013, there will be more than 20,000 recruits to be taken up into the SBI branches as well as other associated banks. Such a huge intake of candidates would be done to fill up the incumbent vacancies arising out of the setting up of about 1200 new branches and because about 30 percent of employees would be retiring in the next 3 years.

The year 2013 would be a great opportunity for the aspiring candidates to join government services as well as banking jobs. In nationalised banks and through SSC exams, these posts can be filled up, provided candidates are interested and alert about the publishing of these recruiting advertisements.