Syndicate Bank recruitment 2010 for probationary clerks

Syndicate bank recruitment 2010 is has started from today. Syndicate Bank is a reputed government bank in India. The bank is inviting online application from Indian citizens. It is going to recruit of 1000 probationary clerks. Here are the dates:

Opening Date for Online Registration 13.04.2010

Last Date for Online Applications 12.05.2010

Date of Written Test 27.06.2010

Educational Qualifications:

Minimum 12th standard (10+2) pass or equivalent qualification with a minimum of aggregate 60% marks

OR

A degree from a recognized university (graduation level)

OR

Matriculate Ex-servicemen candidates, who have obtained the Indian Army Special Certificate of Education or corresponding certificate in the Navy or the Air Force, after having completed not less than 15 years of service in Armed Forces of the Union are also eligible for the post.

(1) Should be able to write and speak English fluently.

(2) Knowledge of Official/Regional Language of the State/UT to which the candidate applies is essential.

(3) Computer Proficiency is essential.

Note:

1. The candidates should have studied as regular students.

2. In addition to the qualification, the Candidates should have working knowledge in Computers.

a) The educational qualification prescribed for the post is the minimum. Candidates must possess the educational qualifications as on 01.03.2010 (inclusive).

b) Candidates must specifically indicate the class/division and percentage of marks obtained calculated to the nearest two decimals in the relevant field of the online application. Where no percentage of marks is awarded by the University, but only CGPA/OGPA is awarded, the same should be converted into percentage, besides indicating the CGPA/OGPA in the online application.

c) Candidates who are awaiting their results of the qualifying examination OR who have not passed the qualifying examination on or before 01.03.2010 are not eligible. In other words, the result of the qualifying examination, i.e., 12th standard (10+2) or equivalent qualification/graduation, as the case may be, should have been announced by the Board/University on or before 01.03.2010.

AGE LIMIT (AS ON 01.03.2010)

Minimum 18 Years

Maximum 28 Years

Selection Procedure:

Selection for the post of `Probationary Clerk’ will be made on the basis of performance in written test and Interview.

Interview: Candidates who qualify in the Written Test shall be called for interview in the order of their ranking as per the marks obtained by them in the objective test.

For more details visit the following link:

http://www.syndicatebank.in/Scripts/Recruitment.aspx

Indian government is going to allow more foreign banks to operate in the country

Indian government, from now on, will gradually open up to foreign banks. The Committee on Financial Sector Assessment (CFSA), headed by Rakesh Mohan, Deputy Governor, Reserve Bank of India (RBI), published a report on March 30, 2009, which said that the country’s banking sector should open up for foreign banks as per the WTO requirements. The six volume report is available on the official website of The Reserve Bank of India, www.rbi.org.in and came out just before meeting of the government in April, where officials will talk about allowing foreign banks to enter India and setting the terms of and conditions for their operations.

Here are some of the major points of the reports:

• The entry of the foreign banks in India must be gradual.

• If the government fails to meet the funding needs of the state-run banks then the government should go for a merger with a bank in which government has higher stakes.

• Foreign banks can operate in India by opening up branches or through subsidiaries. However, the country where the bank is headquartered should also give Indian banks the same opportunity.

• If a foreign bank operates in India through its subsidiary, then it would account for 74% stake in the Indian venture and the organization should be treated as a private organization by the Indian government. The subsidiary should also be listed on the local stock exchange.

• The bank must give loans to small and medium farm enterprises.

• Currently foreign banks are allowed to set up brands, subsidiaries. They are also allowed to convert their existing branches into wholly-owned Subsidiaries (WoS). If a foreign bank converts its branches into subsidiaries then it would be given permission to acquire stakes in Indian private banks that requires restructuring.

The Committee on Financial Sector Assessment (CFSA) was created in 2006. Currently, the Indian government is the largest player in the banking sector accounting for more than 70%. The State Bank of India is the biggest lender of the country with more than 10,000 branches. At present, twenty nine foreign banks are operating in India with more than 270 branches. India is bound by the World Trade Organisation agreements to allow foreign banks operate inside the country. It only allows twelve foreign banks per year. The report has been created to form a “well-considered approach” for foreign banks to fulfill WTO requirements.

Related articles:

Business Standard

Reuters

(This entry was originally published in March 2009 and it is based on the context of that time.)