Monday, 21 August 2017

SBI collects Rs 235cr in minimum balance fine in June quarter: RTI

State Bank of India (SBI) has realized Rs 235.06 crore as penalty from 388.74 lakh accounts for not maintaining monthly average balance in the first quarter of the current fiscal, an RTI query has revealed.

"An amount of Rs 235.06 crore has been realised from our 388.74 lakh accounts which did not maintain monthly average balance in the first quarter ended June 30," SBI said in its reply to an application filed by Neemuch-based RTI activist Chandrashekhar Gaud.

Friday, 18 August 2017

Another Banks Cuts Interest Rate On Savings Account Deposits

Private banks like ICICI Bank, HDFC Bank and Public Sector banks like Punjab national bank, Union bank of India on friday announced a cut in interest rate on savings account deposits. Customers maintaining an account balance below Rs.50 lakh will now earn interest at the rate of 3.5 per cent per annum. Customers maintaining a savings bank account balance of Rs. 50 lakh and above will continue to earn interest at 4 per cent. The revised rates will be applicable to both resident and non-resident customers, ICICI BankHDFC BankPunjab national bank and Union bank of India said. The new rates will be effective from August 19, 2017.

Thursday, 17 August 2017

Important points before you take charge as a manager / officer in Bank Branch or Seat

With fast retirements, promotions are also come fast. These days scale I to II or II to III service period is reduced to 2 years in many banks. In such a short span of time youngsters don’t get much exposure and in many cases officers spend their 2-3 years in one seat only. In many worst cases which I know new officers spend 1-2 years in cash. When they get promoted they face many issues either handling the branch or a particular seat. Officers fear to take charge of loans seat as they don’t have that much a exposure their seniors who took 5-7 years to take a single promotion. Managers or officers become personally liable for any lapses of previous incumbent if they don’t report the matter in their joining report or in initial stages of their charge.

Monday, 14 August 2017

IBPS Probationary Officer/ Management Trainee (PO/MT) VII Notification 2017 out

The Institute of Banking Personnel Selection (IBPS) has published the Official Notification of IBPS PO VII CWE 2017 (Preliminary and Main) for the recruitment of Probationary Officer/ Management Trainee posts for the year 2017. The online application link will be activated from 16th August 2017 to 5th September 2017. Preliminary Online Exam will be held during the Month of October 2017 (7th October, 8th October 14th October and 15th October 2017). Main Online Exam will be held on 26th November 2017. Check below for more details.
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