bank newsletter

8/7/2019 Bank Newsletter

http://slidepdf.com/reader/full/bank-newsletter 1/12



A $ EXPERT SPEAK EXPERT SPEAK

very year a high level conference of Bankers named BANCON (Bank conference) is held in our country. The theme given

for the conference held in 2010 was 'Transform to Outperform-Ideate, Innovate & Inspire'. It shows how the BankingEsector in our country is trying to change itself as per needs of the times.

The global turmoil that shook the world a couple of years ago and about which we have heard so much in the recent past , had

least effect in India. For this, credit is given to the strength of our country' Banking system which has stood test of the time

.Now the robustness and resilience of Indian Banking system is acknowledged all over the world. As a matter of fact now

many countries are trying to learn from, and adopt the sound practices being followed by Banks and Banking system in our

country.

While the Banking sector in India is growing as a whole, public sector Bank in the country are really growing fast. Many of

them have doubled their business and profits in last four-five years. With the GDP growth rate of above 9 percent, which the

country expects to have in the years to come, the growth rate of these banks are also set to increase. You can also be a part of

this growth story as these banks, now a days are recruiting young people like you in large numbers.

Recruitment Levels

There are 21 public sector banks in the country which are partly (with majority stake) or wholly owned by Government of

India. The direct recruitments by these public sector banks are made in both clerical and officers' cadre. Large number of

people who had joined the banks in post nationalization era, are gradually retiring making room for new employees.

Additional manpower is needed by the banks for their growth plans as well.

There are seven levels of officers in public sector banks starting from Junior Management Grade Scale I to Top Executive

Grade Scale VII. Maximum number of direct recruitments in officers cadre are made in scale I which is the entry level position

to join a public sector bank as an officer. This position is most commonly known as Probationary officer or as Management

Trainee in some cases. As the directly recruited fresh officers are first put on probation,

they are called probationary officers. The duration of probation ranges from one to two

years. After satisfactory performance during this period the officers are confirmed in

the service of particular bank.

Trainings

All public sector banks give much importance to train their new officers for grooming

them to perform their job well. The induction training is usually in form of classroomtraining in which they get an idea of banking systems and procedures, bank's products and services, technology used in bank

etc. The officers are also explained their role and responsibilities and vision, mission and values of the bank they have chosen

to work in. Almost all public sector banks have their own training establishments where such trainings are provided.

Practical, on the job training is considered more important for new officers. This training takes place in branches and to some

extent in administrative offices of the bank. The branches are main operating units of the bank and it is considered necessary

Career Path of Probationary Officers in Publication Sector Banks

Banking sector in India isgrowing as a whole,

public sector Bank in the

country are reallygrowing fast.

- The Author is a HR Professional from a Leading Public Sector Bank in India.

2



A $ EXPERT SPEAK EXPERT SPEAK

specialized areas like law, security, human resource management, information technology, risk management etc. Even

though you may have joined the bank as a general banking officer the bank may provide opportunity to work in such

specialized functions, to those with related specialised qualifications. Similarly those recruited as specialist officer, over a

period of time, have the option to convert into general banking officer.

Promotions

Every public sector bank has a defined promotion policy. Under the policy an officer, after completing a certain period in the

scale, can apply for promotion to next higher scale. Promotion to higher scale is decided upon the annual performance

ratings, performance in written test/interview/group discussion. Promotion process for senior management position s

exclude written test and there is more emphasis to judge the leadership qualities of the officer.

Keeping with the times public sector banks have brought a lot many positive changes in their promotion policy as a result of

which now getting promoted to the next higher grade has become easier and speedier for deserving candidates. With such

changes now an officer joined in scale I can aspire to become a general manager of the bank in a matter of 17 years. As banks

are expanding fast, promotional opportunities are also going to increase.

It may surprise you to know that all those persons who are now chairmen or executive directors of public sector banks, began

their career as a junior officer and some even as clerks in some bank. As such, for deserving people sky is the limit for career

growth in public sector banks.

More Opportunities

Many of the public sector banks have foreign branches abroad. Joining such banks may provide you opportunity to have

international exposure as officers from India are deputed to manage these foreign branches. Also some banks have

subsidiaries to which officers from parent bank are deputed.

Transferability

An officer's job in a public sector has all India liability. So you should be willing to work anywhere in the country where the

bank has its branches. Normally transfers happen every 3-4 years. This gives the officers opportunity to see different parts of

our country. This exposure of working across different geographical locations is considered valuable for one's personality

development. But officers, if they want can spend a significant part of their tenure in their home state, subject to availability

of suitable vacant positions.

Job Security

Public sector banks offer adequate job security to all those who work with honesty, integrity and dedication. Also a bank

officer's job in India is considered of good social status. Working in a public sector bank you may help people to plan their

finances well and also contribute in strengthening the nation's economy.

4



A $ GQUESTGQUEST

6

11]Indian-American Physician_________ has been awarded byUS Congress1.Dr. Sudhir Parikh2.Dr. Ichak Adizes3.Dr. Depak Chopra4.Dr. Subhash Jain5.None of these

12] Which of the following taxes isnot levied by the Union Govt.?1.Customs2.Corporate Tax

3.Land Revenue4.Income Tax5.None of these

13] Who has been chosen for “GreatBritish Political Philosophers of the 20 Century” by theprestigious Political StudiesAssociation of UK?1. R H. Tawney2. Lord Bhikhu Parekh3. Michael Oakeshott4. Harold Laski

5. None of these.14] Who has won the Leelavati

Award?1.M.S.Narasimhan2.John Ball3.Simon Lehna Singh4.M. S. Raghunathan5.None of these

15] World oldest Test cricketer EricTindill has passed away. Hebelonged to which country?

1. Australia2. New Zealand3. England4. South Africa5. None of these

1] Who has been appointed as a chief election commissioner of India?1.Navin Chawla2.Shahbuddin Yaqoob Quraishi3.N.Gopalswami4.B.B. Tondon5.None of these

2] Which of the following Acts helpUnion Govt. to control its fiscalDeficit?

1.Finance Act2.Fiscal ResponsibilitY & Budget

Management Act3.Banking companies Act4.Both 1 and 25.None of these

3] Many a times we read infinancial newspaper aboutPublic Debt. Which of thefollowing is/are the componentsof the Public Debt?1.Market Loans2.External Loans3.Outstanding against SavingSchemes /Provident Funds(1)Only 1 (2) Only 2 (3) 1 & 2(4)Only 3 (5)1, 2 &3

4] Who has been appointed the Deanof Booth School of Business?1.Edward A. Snyder2.Nitin Nohria3.Jaishankar Ganesh4.Sunil Kumar5.None Of These

5] Which Indian film Maker has

been awarded with honorarydegree by the school of 'Orientaland African Studies'?1.Prakash Jha2.B.N. Reddy3.Yash Chopra4.Aparna Sen5.None of these

6] Which of the Following Awardsis given for Excellence in Films?1.Kalidas Samman2.Arjuna Award3.Saraswati Samman4.Kabir Samman5.None of these

7] Agha Khan Cup is Associatedwith the game of ____________1.Cricket2.Football3.Lawn tennis

4.Golf 5.Hockey

8] Who amongst the following is theauthor of the book, “ThreeChancellors”?1.Dr. C. Rangarajan2.Dr. Y. V. Reddy3.Nilanjan Banerjee4.Rakesh Mohan5.None of these

9] Who has been elected thePresident of hockey India?1.Vidya Stokes2.Pargat Singh3.Narinder Batra4.Mustaque Ahmed5.None of these

10] Very often we see in theadvertisement published byFinancing Institutes/Agenciesstating that their products aregiven high or average Ratingsthese Rating agencies classify

bonds/investments in how manycategories?1.Low Risk2.Average risk3.High Risk(1)Only 1 (2) Only 2 (3) Only 3 (4)1, 2 & 3 (5) None of these



A $ GQUESTGQUEST

7

16]In economics it is generallybelieved that the main objectiveof a Public Sector Financialcompanies like bank is to _____.1.Employ more and more people2.Maximize total profits3.Maximize total production4.Sell the goods at subsidized

Cost5.None of these

17] At which place was 50th ISSFWorld Shooting Championshipheld?1.Zagreb2.Lahti3.Munich4.Moscow

5.None of these

18] What is Repo Rate?1.It is a rate at which RBI sell

Govt. securities to banks.2.It is a rate at which RBI buys

Govt. Securities from banks.3.It is a rate at which RBI allows

small loans in the world.4.It is a rate which is offered by

banks to their most valuedcustomers or prim customers.

19]The maximum revenue earnedby Govt. of India comes from______.1.Income Tax2.Customs Duty3.Excise Duty4.Value Added Tax

5.None of these20]Who is the First Indian Shooter

to qualify for London Olympics?1.Gagan Narang.2.Abhinav Bindra3.Rajyavardhan Singh Rathore4.Jaspal Rane5.None of these

26]Which among the following stateshas the highest population density?1.Maharashtra2.Bihar3.West Bengal4.Uttar Pradesh5.None of these

27] Who is the Chief Justice of Sikkim High Court?1.Barin Ghosh2.P.D.Dinakaran3.B.P.Singh

4.Margaret Alva5.None of these

28]A customer wishes to purchasesome US dollars in India. He/sheshould go to ______________.1.Public Debt Division of the RBI2.American Express Bank3.RBI or any branch of a bank

which is authorized for suchbusiness

4.Ministers of Foreign Affairs5.None of these

29]The centre has released _______for the Swan River FloodManagement and IntegratedDevelopment project inHimachal Pradesh's Una district.1.A33.75 cr2.A34.75 cr3.A35.75 cr4.A36.75 cr5.None of these

30] Many times we see in newspaper

that some projects are launched bythe Govt. authorities on 'PPP' basis.What is the full form of 'PPP'?1.Preferential Payment Plan2.Public Private Partnership3.Partial Payment Project4.Popular Private project5.None of these

21]Which of the following policiesof the country brings a crucialimpact on the economic growthof the nation?1.Fiscal Policy2.Foreign Policy3.Social Policies(1)Only 1 (2) Only 2 (3) 1 and 2(4) 2 and 3 (5) 1, 2 & 3

22]________ will be the mascot forthe 2011 cricket world cup.1.Appu

2.Stumpy3.Shera4.Misha5.None of these

23] Who is the sixth Indian batsmanto score 7000 runs in TestCricket?1.V. Sehwag2.S. Tendulkar3.Y. Singh4.M.S. Dhoni5.None of these

24]Which of the following is/are themajor concepts visible in today'sbanking industry in India?1.Risk Based Management2.Growing Competition3.IT Initiatives(1)Only 1 (2) Only 2 (3) 1 and 2(4) 2 and 3 (5) 1, 2 & 3

25] Who has been appointed as aVice President of InternationalCricket Council?

1.Alan Isaac2.David Leggat3.Lalit Modi4.Shashank Manohar5.None of these



A $ GQUESTGQUEST

8

31]What is the Statutory LiquidityRatio at present?1.14%2.18%3.24%4.25%5.None of these

32]Which among the following is thethvenue of the 17 SAARC summit?

1.Maldives2.Pakistan3.India

4.SriLanka5.None of these

33]In which year, Ustad BismillahKhan Yuva Puraskar was instituted?1.20032.20043.20054.20065.None of these

34] 7th LG ICC awards ceremony washeld in _____________.1.Bengaluru2.Delhi3.Jaipur4.Lucknow5.None of these

35] Which organization makes majorcredit policies for the RegionalRural Banks?1.NABARD2.Asian Development Bank3.World Bank4.State Bank of India

5.None of these36] India's first transgenic crop was

__________1.Sugarcane2.Brinjal3.Bt. Cotton4.Potato5.None of these

37] The 2010 Commonwealth Gameswas the _____ CommonwealthGames.1.17th2.18th3.19th4.20th5.None of these

38] According to Forbes, who isworld's highest- paid FemaleAthelete?1.Serena Williams

2.Venus Williams3.Sania Mirza

4.Maria Sharapova

5.None of these

39] The Monetary and Credit Policyis announced by which of thefollowing?1.Ministry of Finance in Centre2.Reserve Bank of India3.State Bank of India4.Planning Commission of India

5.None of these40] The President of India is elected

for a term of ____________1.Four Yrs2.Five Yrs3.Six Yrs4.Seven Yrs5.None of these

41] Which of the following is the fullform of G in 'G-Sec', the term wesee every now and then inBanking / Finance relatedoperations?1.Good2.Global3.Guaranteed4.Government5.None of these

42] What is the full form o “AFSPA”?1.Air Force Special Protection

Area2.Armed Forces Special Power

Act3.Armed Forces Special

protection Act4.Armed forces Special Planning

Act5.None of these

43] 'Yen' is the currency of _________

1.Japan2.China3.France4.Italy5.None of these

44] Who has been chosen for“Sitara-e-Imtiaz” honour?1.Nirmala Deshpande2.Javed Akram3.Shamsur Rahman Faruqi4.Muhammad Amjad Saqib5.None of these

45]"Hiroshima Day" is observed onwhich of the following dates?1.6 August2.9 August3.12 August4.15 August

46] DRDO successful conducts____________ consecutiveInterceptor Missile Test1.Second2.Third

3.Fourth4.Fifth5.None of these



A $

(1) 2 (2) 2 (3) 5 (4) 4 (5) 3

(6) 5 (7) 5 (8) 3 (9) 1 (10) 4(11) 1 (12) 3 (13) 2 (14) 3 (15) 2

(16) 2 (17) 3 (18) 2 (19) 3 (20) 1

(21) 5 (22) 2 (23) 1 (24) 5 (25) 1

(26) 3 (27) 2 (28) 3 (29) 1 (30) 2

(31) 4 (32) 1 (33) 4 (34) 1 (35) 1

(36) 3 (37) 3 (38) 4 (39) 2 (40) 2

(41) 4 (42) 2 (43)1 (44) 3 (45) 1

(46)3 (47) 3 (48)2 (49)3 (50)1

(51)4 (52)1 (53)2 (54)1 (55)2

Answer Key

To renew/subscribe to GQ log on to www.imsindia.com/GQ

GQUESTGQUEST

...one-stop solutionfor General Awareness

preparation

9

47] Which state Governments hasannounced a surrender-cum-rehabilitation policy for theMaoist Guerrillas?1.Assam2.Madhya Pradesh3.West Bengal4.Chhattisgarh5.None of these

48] Centre has approved theproposal to enhance theretirement age of High Court

Judges from 62 to _________1.632.653.704.725.None of these

49] Union Human ResourceDevelopment Minister KapilSibal had set a target of 30percent students reachinguniversities in India by________.

1.20122.20153.20204.20255.None of these

50] Prime Minister Dr. ManmohanSingh has released acommemorative stampon___________1.Janab Syed Mohammed Ali

Shihab Thangal

2.S. Ubaidur Rahman3.Syed Ahmed Khan4.Maulana Mohammad Ali5.None of these

51] Which of the followingstatements is/are TRUE about USPopulation Reference BureauResearch?1.The current population of the

world is 6.8 billion and it willreach 9.4 billion by 2050

2.India's current population is1.2 billion and it will creep upto 1.7 billion by 2050

3.The population of Europe willdecline due to low birth rate

(1)Only 1 (2) Only 2 (3) 1 and 2(4) All are True (5) None of These

52] According to a report of 'GlobalNuclear Weapons Inventories,1945-2010' report, whichcountries has bigger nukearsenal than India?1.Pakistan2.Afghanistan3.America4.Britain5.None of these

53] Which country has successfullylaunched two intercontinentalmissiles Sineva?1.Iran2.Russia3.America4.India5.None of these

54] Hard Rock Café is Buildingworld's tallest guitar in _______.

1. Dubai2. Paris3. Chicago4. Canberra5. None of these

55] According to the survey of PewResearch Centre, Every fifthAmerican thinks Obama is a ___.1.Christian2.Muslim3.Parsi4.Hindu5.None of these



A $

IMS helped me at every stage from building concepts to enhancing speed.

Mock tests were of great help to me as it increased my confidence and speed.

- Sandip Mullick (SBI Clerical), Student of IMS Guwahati

IMS Courseware is designed in such a way that it covers all the topics. Thecontent is simplified which helped me understand difficult topics. Theyprovided enough of practice tests because of which I was well prepared

before the exam day.

-[Bank of India-PO, Indian Bank-PO, Allahabad Bank-PO(working)], Student of IMS Guwahati

Prasanjit Sharma

? Revise: All the topics which are tested in the PO test are ones that you have already studied in your school days.Ensure that you brush up the fundamental concepts.

? Regular Study: Devote 2 – 4 hours on a daily basis to revise different topics. Create a Study Plan to organize yourpreparation.

? Try to identify the type of questions you are comfortable with, start off your test with these questions to get intoright frame of mind.

? Do not hesitate to skip a question. Remember your aim is not to attempt all questions but to select the easyquestions and attempt them correctly.

? After taking a practice test you must review your performance by

? Solving all non-attempted questions? Reviewing questions you have got wrong

Taking Practice Tests regularly will help you monitor and track your performance during the course of your preparation.

Tips to crack BANK PO Exams

I would advise others to practice as much aspossible as practice can only motivate them.

- Sandip Mullick

Hard work has no substitute. I would advise myfriends to remain focus on their goal.

- Prasanjit Sharma

STUDENT SPEAK STUDENT SPEAK

10



A $

12

© IMS Learning Resources Pvt. Ltd., Mumbai.All copyrights to this material vests with IMS Learning Resources Pvt. Ltd. No part of this material either in part or as a whole shall be

copied, printed, electronically reproduced, sold or distributed without the written consent of IMS Learning Resources Pvt. Ltd. and anysuch violation would entail initiation of suitable legal proceedings.

IMS Learning Resources Pvt. Ltd.Corporate Office: E-Block, 6th Floor, NCL Bandra Premises, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051.

Tel.: +91 22 66680005 Fax: +91 22 66680006 Email: [email protected] Website: www.imsindia.com/bankexams

A division of

NOTIFICATIONSNOTIFICATIONS

Bank Post & Vacancies Date of Exam

SBI 6100 Clerks 16-Jan-11

Punjab & Sind Bank 700 PO 16-Jan-11

Punjab & Sind Bank 300 Clerical Posts 30-Jan-11

UCO Bank 1050 PO 30-Jan-11

RBI 80 Officers 6-Feb-11

Union Bank of India 1165 PO 6-Feb-11

Corporation Bank of India 1640 Clerks 16-Jan-11

Dena Bank 100 PO 27-Feb-11

For Detailed information on important dates, eligibility criteria, free question paper and forum fordiscussion log on www.imsindia.com/bankexams

bank newsletter

Documents