Sunday, April 29, 2012

In Banking Sector what do you understand by '3-6-3 Rule'?

3-6-3 Slang used to refer to an "unofficial rule" under which the banking industry once operated, which alludes to it being noncompetitive and simplistic.
The 3-6-3 rule describes how bankers would give 3% interest on depositors' accounts, lend the depositors money at 6% interest and then be playing golf at 3 pm. This alludes to how a bank's only form of business is lending out money at a higher rate than what it is paying out to its depositors.

Friday, April 27, 2012

Wednesday, April 25, 2012

India's Growth Story Dims on S&P Downgrade

Standard & Poor’s announced that it has revised its outlook on India’s long-term rating—which had been stable—to negative. According to S&P, there’s a one-in-three chance of a downgrade to India’s BBB- sovereign credit rating. The threats to India’s rating include a weakening global economy, falling growth prospects for Indian gross domestic product, and political paralysis threatening fiscal reforms. At the same time, S&P revised its outlook to negative for seven “government-related entities,” including the Export-Import Bank of India, the India Infrastructure Finance Co., the Indian Railway Finance Corp., and the Power Finance Corp.


S&P sees India’s economy growing just 5.3 percent in the new fiscal year, which runs from April to March, down from the 6 percent the country has averaged over the past five years and well below the 8 percent it enjoyed before the global financial crisis.

Important Message to Candidates of CWE-PO/MT March 12 who have paid fees by Challan

Important Message to Candidates of CWE-PO/MT March 12 who have paid fees by Challan
Candidates who have not received confirmation email or sms after paying fees in Bank Branches, are requested to send email at cwe.queries12@gmail.com with following 3 details.

Registration Number :
Bank in which Fees Paid :
Fees Paid Date :
 On verification of details submitted by you, necessary updation for Fee-Paid Status will be carried out in  IBPS system under advice to you. If the details submitted by you are found to be wrong / inaccurate, you will be informed by email accordingly by IBPS.

Saturday, April 21, 2012

रिजर्व बैंक ऑफ इंडिया के गवर्नर डी सुब्बाराव द्वारा वित्तवर्ष 2012-13 की मौद्रिक नीति घोषित

रिजर्व बैंक ऑफ इंडिया (आरबीआई) के गवर्नर डी सुब्बाराव ने वित्तवर्ष 2012-13 की मौद्रिक नीति 17 अप्रैल 2012 को घोषित कर दिया. आरबीआई ने रेपो, रिवर्स रेपो और बैंक रेट 0.5 प्रतिशत कम कर दिए.

रेपो दर 8.5 प्रतिशत से घटाकर 8 प्रतिशत और रिवर्स रेपो दर 7.5 प्रतिशत से घटाकर 7 प्रतिशत कर दिया गया. रिवर्स रेपो और बैंकों के लिए माइक्रो लोन की स्थायी सुविधा पर भी ब्याज में 0.5 प्रतिशत की कटौती की गई. नकद आरक्षी अनुपात (सीआरआर) में कोई बदलाव नहीं किया गया. यह दर 4.75 प्रतिशत है. सीआरआर जनवरी 2012 में दो बार कम किया गया था.

रिजर्व बैंक ने बैंकों के लिए फौरी उधार की सुविधा (एमएसएफ) का स्तर दोगुना कर दिया है. इससे बैंकों को केंद्रीय बैंक को उनके डिपॉजिट का दो प्रतिशत तक माइक्रो लोन उपलब्ध होगा.

आरबीआई ने वित्तवर्ष 2012-13 में विकास दर 7.3 प्रतिशत रहने का अनुमान लगाया है जबकि बजट 2012-13 में यह अनुमान 7.6 प्रतिशत का है.

रिजर्व बैंक ऑफ इंडिया ने बैंकों की गोल्ड लोन कंपनियों में एक्सपोजर की सीमा 10 प्रतिशत से घटाकर 7.5 प्रतिशत की है. इससे बैंक गोल्ड लोन कंपनियों को कम कर्ज दे सकेंगे.

रिजर्व बैंक ने वित्तवर्ष 2012-13 में आर्थिक वृद्धि दर 7.3 प्रतिशत पर रहने का अनुमान लगाया है, जबकि मार्च 2013 तक महंगाई दर 6.5 प्रतिशत के करीब रह सकती है.

मार्च 2010 से अक्टूबर 2011 के बीच लगातार 13 बार अपनी प्रमुख दरें बढ़ाने के बाद रिजर्व बैंक ने देश की विकास की गति में आ रही सुस्ती को दूर करने के लिए इन दरों में कटौती की.

लाभ: रिजर्व बैंक के कदम के बाद बैंक होम लोन पर ब्याज दरें 0.5 प्रतिशत तक कम कर सकते हैं. एसबीआई, आईडीबीआई, आईसीआईसीआई सहित सभी प्रमुख बैंक ब्याज दरें 0.5 प्रतिशत तक घटा सकते हैं.

यदि बैंक ब्याज दरों में 0.5 प्रतिशत की कटौती करे तो 20 वर्ष की अवधि वाले होम लोन पर प्रति एक लाख रुपए पर हर माह 34 रुपए बचेंगे. 20 साल की अवधि वाले 20 लाख रुपए के होम लोन की मासिक किस्त पर हर माह 680 रुपए बचेंगे. 20 साल की अवधि वाले 30 लाख रुपए के होम लोन की किश्त में 1,020 रुपए की बचत.

रेपो रेट: वह दर, जिस पर रिजर्व बैक वाणिज्यिक बैंकों को अल्पावधि कर्ज देता है.

रिवर्स रेपो रेट: वह दर, जिस पर बैंक रिजर्व बैंक के पास अपना पैसा रखते हैं.

Friday, April 20, 2012

What is 'Non-Banking Financial Company - NBFC'?

Non-banking financial companies, or NBFCs, are financial institutions that provide banking services, but do not hold a banking license. These institutions are not allowed to take deposits from the public. Nonetheless, all operations of these institutions are still covered under banking regulations.

Thursday, April 19, 2012

What is 'Non-Performing Asset - NPA '

A classification used by financial institutions that refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset.

Recruitment of Clerical Cadre 2012-13 in ANDHRA BANK

Andhra Bank invites applications for the Clerical Cadre posts, from Indian citizens who have taken the
Common Written Examination for Clerical cadre conducted by IBPS in 2011-12 and have a valid Score card
issued by IBPS.
IMPORTANT DATES:-
Payment of Application Fees:-  21.04.2012 to 05.05.2012
Opening date for Online Registration:- 21.04.2012
Last Date for Online Registration(Including for candidates from far-flung areas ):-05.05.2012



CUT OFF MARKS (TWSS), STATE-WISE, CATEGORY-WISE




State / UT
SC
ST
OBC
GEN
 ASSAM
0
142
154
156

ANDHRA PRADESH

133
107
159
159
Bihar
0
0
190
190
Chhattisgarh
144
135
165
165
Dadra Nagar Haveli
0
0
0
120
Gujarat
165
144
166
166
GOA
0
112
0
121
Haryana
159
0
162
166
Karnataka
120
107
120
120
 KERALA
163
0
176
176
Himachal Pradesh
152
0
161
165
Maharashtra
155
130
156
157
MP
168
154
176
180
Jharkhand
0
147
180
180
Puducherrry
0
0
148
148
Punjab
146
0
0
162
Delhi
158
127
167
171
Odisha
144
120
166
166
Rajasthan
161
159
174
175
Uttar Pradesh
165
0
176
179
West Bengal
169
0
153
182
Tamil Nadu   
144
0
163
163
 TRIPURA
109
0
0
125
Uttarakhand
155
0
165
176
For more detail click here andhra bank

Wednesday, April 18, 2012

Monetary Policy Statement for 2012-13 Press Statement by Dr. D. Subbarao Governor, RBI

RBI have decided to:
1. reduce the repo rate under the liquidity adjustment facility (LAF) by 50 basis points. The repo rate will accordingly drop from 8.5 to 8.0 per cent.

2. Consequent to this, the reverse repo rate under the LAF, determined with a spread of 100 basis points below the repo rate, gets calibrated to 7.0 per cent. Similarly, the marginal standing facility (MSF) rate, which has a spread of 100 bps above the repo rate, stands adjusted to 9.0 per cent.

3. In order to provide greater liquidity cushion, RBI also decided to raise the borrowing limit of scheduled commercial banks under the marginal standing facility (MSF) from one per cent to two per cent of their net demand and time liabilities (NDTL).


The decision to ease the monetary policy has been informed by two broad considerations.

I.Growth decelerated significantly to 6.1 per cent in the third quarter of last year, although it is expected to have recovered moderately in the fourth quarter. Based on current assessment, the economy is clearly operating below its post-crisis trend.

II. Consideration that shaped the policy decision is the decline in inflation. Headline WPI inflation which remained above 9 per cent for nearly two years has moderated significantly to below 7 per cent by March 2012. More importantly, non-food manufactured products inflation has dropped from a high of 8.4 per cent in November 2011 to 4.7 per cent in March 2012, actually coming below 5 per cent for the first time in two years.

Risk Factors:- Highlight the risks to our indicative projections of growth and inflation for 2012-13:

First, a major risk to our growth and inflation projections stems from the outlook for global commodity prices, especially of crude oil. Although upside risks to oil prices from the demand side are limited, geo-political tensions are a concern. Any disruption in supplies is likely to lead to further increase in crude oil prices.

The second risk emanates from the fiscal situation. Even though the Budget has proposed a reduction in the fiscal deficit in the current year, there are several upside risks. Any slippage in the fiscal deficit will have implications for inflation.

Third, the large Government borrowing budgeted for 2012-13 has the potential to crowd out credit to the private sector. If that happens, the supply response required to accelerate growth could be inhibited.

Fourth, the financing of the current account deficit will continue to pose a major challenge.

And finally structural imbalances in protein-rich foods persist, and consequently, food inflation is likely to remain under pressure.

Importance & Objectives of Sales Promotion

The main purpose of sales promotion is to accelerate sales through special selling efforts. Sellers use incentive type promotions to attract new customers, to reward loyal customers and to increase repurchase rates of occasional users. At the salesmen level, the objective of sales promotion is to achieve more sales. At the retailer's level, the purpose is to sell a particular product of a manufacturer. At the consumers level, the main aim is to enable them to buy more of a product more frequently and to introduce new uses for the product. A good sales promotional programme will remove the consumers dissatisfaction with respect to retail selling.

Objectives of Sales Promotion
1. To increase the buying response at the customers level.
2. To attract new customers
3. To ensure dealer effectiveness
4. To make aware the public about the new product and its advantages
5. To capture the major share of the market
6. To meet the competition of other firms
7. To effect off season sales to boost sales
8. To create brand image
9. To create additional talking points about the products to sales persons.
10. To remove customer's dissatisfactions.
11. To bridge the gap between advertising and personal selling.
12. To maintain communications with large market segments
13. To create a favourable attitude towards the product
14. To stock more at the level of traders.

Tuesday, April 17, 2012

CLERICAL RECRUITMENT PROJECT - 2011-12 In Bank of Maharashtra

Bank of Maharashtra a leading public sector bank with headquarters in PUNE had invited online applications from the Successful candidates in the IBPS Clerk Exam. 2011 for the 543 clerk vacancies across its branches all over the country.This notification is a good news for all those candidates who hail from Maharashtra as more than Half of the Vacancies are for the students of Maharashtra.

Important Dates
Online Registration will commence from : 17th April, 2012
Online Registration will conclude on : 10th May, 2012

IBPS State Cut OFF:

State / UT
SC
ST
OBC
GEN
 ASSAM
0
141
155
156
ANDHRA PRADESH

161
161
171
176
ARUNACHAL PRADESH

0
105
0
136
Chhattisgarh


CHANDIGARH
151


0
136


0
155


166
156


171



Gujarat
0
0
161
166
GOA
0
0
131
136
Haryana
161
0
171
176
Karnataka
141
136
145
146
 KERALA
0
0
175
176
Himachal Pradesh
0
0
0
171
 J & K
0
0
0
161
MIZORAM

0
111
0
131
Maharashtra
135
126
141
150
MP
160
141
161
171
MANIPUR

0
125
0
126
MEGHALAYA

0
120
0
121
 NAGALAND
0
130
0
131
Punjab
156
0
166
171
New Delhi
156
156
161
166
Rajasthan
161
161
166
171
Uttar Pradesh
166
0
175
176
West Bengal
0
0
171
176
SIKKIM (East Sikkim) 

0
0
0
121
Tamil Nadu       
156
0
165
166
 TRIPURA
116
0
0
121
Uttarakhand
156
0
0
171
For more detail click here bankofmaharashtra Clerical-Recruitment-Project-2011-12-notification