It is expected that, for next seven to ten years, all the Banks, including both Public Sector and Private Sector, will recruit around 50000 to 70000 persons in all the cadre every year. The main reason is the huge number of retirees who joined the Bank during the year 1980s to 1990s. After that there was all most no recruitment at all. The retirements coupled with opening of new banks, including differentiated Banks like payment Banks and Small Finance Banks increased the demand for recruitment of new employees.
Retired officers of State Bank of India have started the “Best School of Banking” at Chennai- Adambakkam, near St. Thomas Rly Station. Both Morning batch of 7.00 to 8.30 A.M and weed end batches are available. 90 hours coaching with online & class room mock test. Sure success in the forthcoming SBI & IBPS and other Bank exams. Course fees for 90 hourse coaching is Rs.8000/-. They are conducting crash courses for discussing five previous years question papers which will increase the confidence level of the bank job aspirants at Rs.2000/- for 20 hours.
Finance Minister Arun Jaitley held a meeting with RBI governor Urjit Patel on how to resolve the bad loans situation in the country’s banking sector, the establishment of a ‘Bad bank’ seems not to have much takers, according to sources.
Jaitley had called the meeting to deliberate on options available to the sector and the government in resolving the situation, and while the RBI was not in favour of giving more time to big ticket loan defaulters, the Department of Financial Services made a presentation on strengthening tools to manage non-performing assets (NPA) and the resolution of stressed assets. Some of the options disussed in the meeting included Private Asset Management Companies (PAMC) and National Asset Management Companies (NAMC) to resolve such stressed assets.
Also discussed were the RBI’s various schemes for tackling the situation, including the Scheme for Sustainable Structuring of Stressed Assets (S4A), Corporate debt restructuring (CDR), Joint Lenders Forum (JLR) and Strategic Debt restructuring (SDR).
“A lot of options were discussed for early resolution of stressed assets. RBI made some suggestions and these will be taken forward and be given a concrete shape,” sources said. While not much has been finalised, the setting of a bad bank was not in much favour.
“We will have to weigh the pros and cons well before using tax payers money to set up a bad bank,” the source added.
As on September 30, 2016, gross NPAs of public sector banks rose to Rs 6.3 lakh crore as against Rs 5.5 lakh crore at the end of the June quarter. This works out to an increase of Rs 79,977 crore on a quarter-on-quarter basis.
The meeting was also attended by RBI Deputy Governor Viral Acharya and S S Mundra, besides Chief Economic Advisor Arvind Subramanian, Principal Economic Advisor Sanjiv Sanyal, Financial Services Secretary Anjuly Chib Duggal and Corporate Affairs Secretary Tapan Ray.
While Subramanian had earlier suggested setting up a ‘Bad bank’, it was Acharya who last month floated the twin concept of PAMC and NAMC for resolution of stressed assets.
State Bank of India started the recruitment process for recruiting 2403 Probationary Officers. It will be one of the toughest exams. To see the official advertisement click here
The Preliminary exam starts from 29th April, 2017
The main exam on 19.06.2017
Axis Bank Young Bankers (ABYB) Programme is an endeavour by Axis Bank to nurture industry leaders of the future by imparting domain expertise and skill set in the field of Banking.
ABYB is a one year, full time residential programme which will be conducted at two training campuses, Manipal Global Education in Bangalore and Amity Global Business School in Noida.
It is a 9 months class room training with a stipund of Rs.5000/- per month and 3 months internship at Axis Bank Branches with a stipund of Rs.12000/- per month. Assured employment with Axis Bank upon successful completion of the Program. Gross CTC of Rs. 4.12 Lakhs p.a
Age limit 25 years, Born on or after 1992
Qualification: Only graduates from any stream, with 55% and above in their FINAL year of graduation or aggregate of 55% and above in graduation
The screening will be through a two stage selection process, which is aimed at selecting candidates who are most likely to succeed at various Branch banking roles offered by the Bank. The Bank is looking for candidates with high integrity, who are dedicated towards work, with positive attitude and good communication skills. Candidates shall be selected by Axis Bank on the basis of an online Aptitude test followed by an interview.
Aptitude Test: The Aptitude test will be of 2 hour duration and will be administered online. The test will assess the proficiency of candidates in the areas of:
- Logic and Reasoning Skills
- English Language Skills
- Quantitative/Numerical Ability
- Personality Assessment
- Axis Bank reserves the right to hold a second stage of Aptitude test (if required for any reason) at its own discretion.
Personal Interview: All the applicants who successfully clear the Aptitude test will be invited for a Personal Interview. Candidates will be informed of their progress and status at each stage by email. Please do note that Axis Bank’s decision pertaining to the selection will be final and binding.
For more information visit Axis Bank site.
1 March Application Window opens
19 March Last Date of Application
1-4 AprilOnline Assessments
24-28 ApriI Interview
11-17 MayPayment of Caution Deposit Fees
6/9 JuneProgram Starts
bankexamcracking.com will soon introduce online courses for Bank exams. online courses will supplement the student’s effort to crack the bank exams with ease. Now class room coaching are available at No.37, Vellalar Street, Adambakkam (Near St Thomas Mount Rly station), Chennai 600088
Mock Tests will increase the confidence level of the Bank job aspirants. It is important to practice the question papers with a time bound manner. All can do the bank exam questions, whereas the bank will select only who complete it within the time frame given for the examination.
The coaching classes are taken by experienced Retired SBI bankers. The question paper also set by them only.
For the benefit of the Bank job aspirants, presently all the mock tests are FREE.