Puduvai Bharathiar Gramin Bank Recruitment

Puduvai Bharathiar Gramin Bank invites applications from Indian citizens, for the post of Officer in Junior Management (Scale I) Cadre and Office Assistant (Multipurpose) from Indian citizens who have been declared qualified at the On-line CWE for RRBs conducted by IBPS during September/  October 2013.

Location: Pondichery

Sponsor Bank: Indian Bank

Click here for Advt.

Apply online:


Important Dates:

Start and Last date of Reg. 19.12.2013 and 06.01.2014 

23:38 - By Unknown 0

How to justify a GAP in IBPS Interview

Many candidates are worried about the gap in their education or the GAP in their work experience. As per our experience, if you have a substantial GAP in your education qualification or work experience, then this might be one of the probable question which can be asked to you during your interview.

In some case, there are genuine reasons for a GAP like - Marriage (in case of married ladies), accident or some family problem or any other similar problem. In such cases, it is better to tell interviewers about actual reason.

But in most of the cases, a GAP is created as candidates in a dedicated manner prepare for competitive exams and many a times, they join a Coaching Institute for Preparation by leaving there jobs.

In such cases, We feel, the best way to answer this question is - to be honest and tell them frankly that you were preparing for  IBPS or bank jobs (if you do not have any other genuine reason for GAP). As soon as you say this, their next question generally is - did you join a coaching institute for this. We suggest that you should never say in the interview that you joined a coaching for preparation, as generally interviewers perceive this negatively.

Rather,you should say that I prepared myself. If you belong to a poor background, you can also tell them that you can not afford a coaching that is why you are preparing on your own.

They might also ask you - which books did you refer for your preparation? So, be ready with the list of books.

So, go prepared with a story justifying your GAP. Do not feel bad about this GAP, as most of the candidates have a GAP between jobs or educational qualifications. At the same time, do not be clueless if someone asks you about the same.

In the same sequence, they might ask you - why you do you want to join a Bank or why a government job? We will answer these two queries in our next post.

23:38 - By Unknown 0

About Lokpal Bill, Why it's Important

The Lokpal Bill, 2011, also referred to as The Lokpal and Lokayuktas Bill, 2011, is an anti-corruption law in India which "seeks to provide for the establishment of the institution of Lokpal to inquire into allegations of corruption against certain public functionaries and for matters connecting them".

The bill was tabled in the Lok Sabha on 22 December 2011 and was passed by the house on 27 December 2011 as The Lokpal and Lokayuktas Bill, 2011. The bill was subsequently tabled in the Rajya Sabha on 29 December 2011.

 After a marathon debate that stretched until midnight of the following day, the vote failed to take place for lack of time. On 21 May 2012, the bill was referred to a Select Committee of the Rajya Sabha for consideration. The bill was passed in the Rajya Sabha on 17 December 2013 after making certain amendments to the earlier Bill and in the Lok Sabha on 18 December 2013.

The Lokpal will be a three-member body with a chairperson who is or was a chief justice or Supreme Court judge, and two members who are or have been high courts judges or chief justices. Implementation of the Lokpal bill will hopefully reduce corruption in India.


A look at the salient features of Jan Lokpal Bill:

1. An institution called LOKPAL at the centre and LOKAYUKTA in each state will be set up

2. Like Supreme Court and Election Commission, they will be completely independent of the governments. No minister or bureaucrat will be able to influence their investigations.

3. Cases against corrupt people will not linger on for years anymore: Investigations in any case will have to be completed in one year. Trial should be completed in next one year so that the corrupt politician, officer or judge is sent to jail within two years.

4. The loss that a corrupt person caused to the government will be recovered at the time of conviction.

5. How will it help a common citizen: If any work of any citizen is not done in prescribed time in any government office, Lokpal will impose financial penalty on guilty officers, which will be given as compensation to the complainant.

6. So, you could approach Lokpal if your ration card or passport or voter card is not being made or if police is not registering your case or any other work is not being done in prescribed time. Lokpal will have to get it done in a month's time. You could also report any case of corruption to Lokpal like ration being siphoned off, poor quality roads been constructed or panchayat funds being siphoned off. Lokpal will have to complete its investigations in a year, trial will be over in next one year and the guilty will go to jail within two years.

7. But won't the government appoint corrupt and weak people as Lokpal members? That won't be possible because its members will be selected by judges, citizens and constitutional authorities and not by politicians, through a completely transparent and participatory process.

8. What if some officer in Lokpal becomes corrupt? The entire functioning of Lokpal/ Lokayukta will be completely transparent. Any complaint against any officer of Lokpal shall be investigated and the officer dismissed within two months.

9. What will happen to existing anti-corruption agencies? CVC, departmental vigilance and anti-corruption branch of CBI will be merged into Lokpal. Lokpal will have complete powers and machinery to independently investigate and prosecute any officer, judge or politician.

10. It will be the duty of the Lokpal to provide protection to those who are being victimized for raising their voice against corruption.


Back ground. 

The word was derived from the Sanskrit words "Lok" (people) and "Pala"(protector/caretaker), meaning 'Caretaker of People'.

The term Lokpal was coined in 1963 by Laxmi Mall Singhvi, a Member of Parliament during a parliamentary debate about grievance mechanisms.

The Administrative Reforms Commission (ARC) headed by Morarji Desai submitted an interim report on "Problems of Redressal of Citizen's Grievances" in 1966. In this report, ARC recommended the creation of two special authorities designated as 'Lokpal' and 'Lokayukta' for redress of citizens' grievances.

Note: Maharashtra was the first state to introduce Lokayukta through The Maharashtra Lokayukta and Upa-Lokayuktas Act in 1971.

Presently, there are no Lokayuktas in the states of Andra Pradesh, Arunachal Pradesh, Jammu and Kashmir, Manipur, Meghalaya,Mizoram, Nagaland, Sikkim, Tamil Nadu, Tripura and West Bengal.


Why it's Important?

Corruption is an emotional issue in India, where at least 12 whistle-blowers were killed and 40 assaulted after seeking information under a new Right to Information Act aimed at exposing local graft, according to data compiled by Bloomberg L.P. from January 2010 through mid-October 2011.

The legislation became the most powerful tool for fighting wrongdoing in politics and business, with 529,000 requests filed in the year through March.

This year, India ranked 94th in the Corruption Perceptions Index of Transparency International.

A recent survey estimated that corruption in India had cost billions of dollars and threatened to derail growth. India lost a staggering $462 billion in illicit financial flows due to tax evasion, crime and corruption post-Independence, according to a report released by Washington-based Global Financial Integrity.

23:37 - By Unknown 0

Notification Released for IBPS PO III Interview

Interviews for Candidates Successful in IBPS PO III Written Exam will begin from January 02, 2014.

Please Follow the link below to read detailed notification for the same:

Click Here

04:50 - By Unknown 0

Banking Buzzwords Expected Questions for 14 and 15/Dec/2013 IBPS Clerk III exam

1. What is a Government Security?

Ans: A Government security is a tradable instrument issued by the Central Government or the State Governments. It acknowledges the Government’s debt obligation.
Such securities are short term (usually called treasury bills, with original maturities of less than one year) or long term (usually called Government bonds or dated securities with original maturity of one year or more).

2. Treasury Bills (T-bills)?

Ans: Treasury bills or T-bills, which are money market instruments, are short term debt instruments issued by the Government of India and are presently issued in three tenors, namely, 91 day, 182 day and 364 day. Treasury bills are zero coupon securities and pay no interest.

3. What are the Open Market Operations (OMOs)?

Ans: OMOs are the market operations conducted by the Reserve Bank of India by way of sale/ purchase of Government securities to/ from the market with an objective to adjust the rupee liquidity conditions in the market on a durable basis.

For Ex: When the RBI feels there is excess liquidity in the market, it resorts to sale of securities thereby sucking out the rupee liquidity. Similarly, when the liquidity conditions are tight, the RBI will buy securities from the market, thereby releasing liquidity into the market.

4. What are the various types of financial markets?

 The financial markets can broadly be divided into money and capital market.

A. Money Market: The money market provides investment avenues of short term tenor. Money market transactions are generally used for funding the transactions in other markets including Government securities market and meeting short term liquidity mismatches.

By definition, money market is for a maximum tenor of up to one year. Within the one year, depending upon the tenors, money market is classified into:

i. Overnight market or Call money - The tenor of transactions is one working day.

ii. Notice money market – The tenor of the transactions is from 2 days to 14 days.

Iii. Term money market – The tenor of the transactions is from 15 days to one year.

B. Capital Market: Capital market is a market for long-term debt and equity shares.

In this market, the capital funds comprising of both equity and debt are issued and traded. This also includes private placement sources of debt and equity as well as organized markets like stock exchanges.

5. Commercial Paper (CP)?

Ans: Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note.

Corporate, primary dealers (PDs) and the all-India financial institutions (FIs) that have been permitted to raise short-term resources under the umbrella limit fixed by the Reserve Bank of India are eligible to issue CP.

Period: CP can be issued for maturities between a minimum of 7 days and a maximum up to one year from the date of issue.

6. Certificate of Deposit (CD)

Ans: Certificate of Deposit (CD) is a negotiable money market instrument and issued in dematerialized form or as a Usance Promissory Note, for funds deposited at a bank or other eligible financial institution for a specified time period.

Period: Banks can issue CDs for maturities from 7 days to one a year whereas eligible FIs can issue for maturities 1 year to 3 years.

7. What is EMV based card payments?

Ans: EMV stands for Europay, MasterCard and Visa, a global standard for inter-operation of integrated circuit cards (IC cards or "chip cards") and IC card capable point of sale (POS) terminals and automated teller machines (ATMs), for authenticating credit and debit card transactions.

It is a joint effort initially conceived between Europay, MasterCard and Visa to ensure the security and global interoperability of chip-based payment cards

8. About BMB: Bhartiya Mahila Bank (BMB) is an Indian financial services banking company based in New Delhi, India.India's Prime Minister Manmohan Singh inaugurated the system on 19 November 2013 on the occasion of the 94th birth anniversary of former Indian Prime Minister Indira Gandhi.

Headquarter – New Delhi. Bank will get an initial capital of Rs 1,000 crore.

Usha Ananthasubramanian – The First CEO/Chairperson of Bhartiya Mahila Bank

9. Financial inclusion: Financial inclusion means providing sound and affordable financial services to the "unbanked”, those who do not have access to the formal financial system.

Financial inclusion is more than an economic issue - it is a legal and regulatory reform process.

10. The last 6 characters represent what in IFSC code?

Ans – Bank branch code.

The IFSC code contains 11 alphanumeric code and it facilitates - uniquely identifies a bank-branch participating in the NEFT system

11. About KYC norms?

Ans: The full form of KYC is – Know Your Customer

KYC guidelines was introduced by – RBI for all banks in the year - 2002

The components of KYC – Identity proof , address proof , photographs

The objective of KYC guidelines is – to prevent banks from criminal money laundering activities

KYC day is celebrated on – First working day of august every year

12. About BASE RATE – The minimum interest rate of a bank below which it cannot lend to public

The BPLR (Benchmark prime lending rate)was introduced in the year - 2003

The BPLR was converted into base rate on – july 2010

RBI made mandatory for all banks to introduced w.e.f. – 1July 2010

The minimum base rate is fixed by – RBI

13. About EDC : The full form of EDC – Electric Data Capture

EDS is a computerized system designed for - collection of clinical data in electronic format

14. About Bharat Nirman?

Ans: Bharat Nirman is Rural infrastructure plan which was implemented by the Government of India in order to provide some basic amenities to the rural India. launched in 2005.

Bharat Nirman have been sub-divided into six sections which includes;

Waters

Roads

Housing

Telephone

Electricity

Irrigation

15. What is the maximum deposit amount insured by DICGC?

Ans: Rs. 1 lakh  per depositor across all banks

16. The price at which the government purchases crops from the farmers is called ________.

Ans–MSP

17. Expand ASHA. – Accredited Social Health Activities

18. RBI set up the committee to look into financial inclusion under the chairmanship of ?

Ans- Dr. C. Rangarajan

19. The Good Road' is related to which of the following state of India?

Ans: Gujarat

20. Cheque Truncation System has legal sanction under which of the act?

Ans: Negotiable Instruments Act, 1881

21. According to this survey, Which of the state is the most financially developed?

Ans: Himachal Pradesh

22. The banks with a view to achieving greater financial inclusion to make which account?

Ans: "no-frills" banking account.

23. Cobrapost is founded by whom?

Ans; Aniruddha Bahal

24.Who is the co-founder of Tehelka?

Ans: Tarun Tejpal

25. Against which team Sachin Tendulkar played his last test?

Ans: Team West Indies, played in Mumbai (Wankhade Stadium) India.

26. How many tests Sachin Tendulkar has played in his career?

Ans: 200

27. How many years did Sachin Tendulkar gave to his cricket career?

Ans: 24

28. Sachin Tendulkar represented which team in IPL?

Ans: Mumbai Indians

Note: Indian Cricket legend Sachin Tendulkar appointed as UNICEF's first brand ambassador for South Asia

29. Banccasurance is also known as ___?

Ans: Bank Insurance Model(BIM)

30.What is Banccasurance?

Ans: An arrangement in which a bank and an insurance company form a partnership so that the insurance company can sell its products to the bank's client base

31.Banccasurance is a partnership between whom?

Ans: The bank and the insurance company.

32. In which Banccasurance started in India?

Ans: year 2000.

33.Who is the new chief of Pakistan army?

Ans: Raheel Sharif

34.Which cyclone hit Andhra Pradesh?

Ans: Helen

35. Chairman of MCX’s board (Multi Commodity Exchange of India)?

Ans: Satyananda Mishra former (Chief Information Commissioner).

Note: Multi Commodity Exchange of India Ltd (MCX)  is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai.

36. Which personality selected for Indira Gandhi Prize for Peace, Disarmament and Development for the year 2013?

Ans: Dr. Angela Merkel, German Chancellor

Note: for 2012: President of Liberia Ellen Johnson Sirleaf

37. IMPS is a term related to Banking system. In IMPS , letter M denotes ____?

Ans: Mobile

Immediate Payment Service (IMPS) is an instant, interbank (similar to NEFT) electronic fund transfer service that can be initiated only through mobile phones and service introduced by National Payments Corporation of India (NPCI).

Note: About MMID? Mobile Money Identifier (MMID) is a random seven digit number issued by banks to their customers.

If you wish to send money using IMPS, you should have the mobile number and MMID of the beneficiary (person whom you wish to send money to).

If you wish to receive funds using IMPS, you should generate  an MMID for your account and share this with the remitter (person whom you wish to receive money from). You can generate only one MMID per account

38.Recently Megan Young was crowned Miss World 2013. The Miss World grand final was held in ___?

Ans: Bali

39. Which scheme is launched by the Govt. of India allows lakhs of poor people to open a Bank account?

Ans: Swabhiman

40. Which of the following will host “NATO” 2014 nearly after 20 years of hosting summit?

Ans: Britain

04:49 - By Unknown 0

Bharat Ratna Nelson Mandela Dies

South Africa's first black president and Anti-Apartheid Icon Nelson Mandela (18th July 1918 – 5th December 2013) has died today of complications from a recurring lung infection. He is 95. He was a South African anti-apartheid revolutionary and was imprisoned for 27 years. Later he became a politician and served as President of South Africa from 1994 to 1999.  He was the first black South African to hold the office, and the first elected in a fully representative, multiracial election. He was the winner of Nobel Peace Prize for the year 1993 (jointly shared this award with Frederik Willem de Klerk) "for the work for the peaceful termination of the apartheid regime, and for laying the foundations for a new democratic South Africa". 

He was honored with India's prestigious honor Bharat Ratna (India conferred him with this award in the year 1990 when he was released from prison). He was the Second non-citizen and non-Indian recipient of this award. First non-Indian recipient was  independence activist Khan Abdul Ghaffar Khan (Pakisthan) in the year 1987. Mr Mandela shared a close link with India through Mahatma Gandhi who he called his political guru. "The Indians influenced our struggle here and especially a man like Mahatma Gandhi. So we respect them, honor them," many times he had said. Mandela drove close relations with India and the two countries forged bonds over groupings like IBSA and BRICS. "Our nation has lost its greatest son," South Africa's president Jacob Zuma said while announcing the news on South African national TV. Nelson Mandela is referred to as the Gandhi of South Africa.

05:32 - By Unknown 0

Prathama Bank Recruitment 2013

PRATHAMA BANK invites applications from Indian citizens, for the post of Officer in Middle  Management Grade (Scale III), Officer in Middle Management Grade (Scale II), Officer in Junior Management (Scale I) Cadre and Office Assistant (Multipurpose) from Indian citizens who have been declared qualified at the Online CWE for RRBs conducted by IBPS during September/ October 2013.

Click here for Notification: 

Apply Online:

Important Dates:

Opening date for Online Reg.- 26-11-2013

Last date for Online Reg.-11-12-2013 

Note: No Fee is required to fill this form. 

05:31 - By Unknown 0