The Syndicate Bank Staff Association (SBSA) has suggested campus recruitment as a one-time measure in view of acute shortage of manpower in the banking industry.SBSA, an affiliate of Bharathiya Mazdoor Sangh, floated the suggestion at its meeting hel ..

Even a week after the Reserve Bank of India (RBI) asked Exchange Earners Foreign Currency (EEFC) account holders to convert half their dollar funds into rupees, the measure has not yielded the desired results. This has prompted the central bank to se ..

Close to 70,000 officers and employees at 82 regional rural banks (RRBs) across the country will go on strike on June 8.Some of the key demands of these employees working across 17,000 branches of RRBs include parity of pension, formation of National ..

The Reserve Bank of India (RBI) staff and officers’ unions have urged top officials to desist from abdicating public duty of delivering coins and currency notes.This comes in the context of the policy statement that henceforth the distribution  ..

Bharti Airtel, through its wholly owned subsidiary Airtel mCommerce Services Ltd, on Wednesday partnered with Axis Bank for extending banking and payment services on mobile platform.No-frills savings account of Axis Bank will be opened for customers  ..

Vijaya Bank is recruiting 894 probationary officers for vacancies across the country. The bank has specified that candidates with graduation and a total weighted standard score of 138 and above in the common written examination conducted by the Insti ..

The Finance Ministry, as a ‘one time measure,' has tweaked the promotion policy in public sector banks for 2012-13. The move comes as the banks are staring at superannuation in large numbers in the next couple of years.Failure to fill vacan ..

In a bid to improve the economics of rural banking, a division of the finance ministry  is driving a radical change in the business of banking correspondents-people who move around with handheld terminals and essentially bring the bank home.That ..

After some relief, rates on short-term debt instruments have crossed 10 per cent levels within a month as liquidity pressures have not eased despite inflows. Heavy weekly government borrowing and central bank’s foreign exchange market intervent ..

Non-graduate candidates for bank jobs (clerical posts) will get a significant breather. Banks had recently stipulated that graduation was the minimum criteria for clerical posts, following a recommendation by the Khandelwal Committee on HR issues.Thi ..

The trendy new place at Road No.36 Jubilee Hills  with bright and colourful interiors and latest music is not another hangout for youngsters, but actually a bank. The place, which can easily be mistaken for a lounge or a coffee shop, is the new  ..

In order to ensure an orderly and healthy growth of securitisation market, the RBI asked banks to perform stress tests at regular intervals to ensure that they are not exceeding the prudential limits."Banks should regularly perform their own str ..

As rupee plummeted to all-time low at close today, two leading lenders ICICI Bank and IOB hiked interest rates by up to 1.75 per cent on foreign currency fixed deposits to attract dollar funds from NRIs.Other major banks like State Bank of India, Pun ..

Central Bank of India is recruiting 1,000 probationary officers in the junior management grade (JMG-1) scale.The bank has specified that candidates with a graduation degree in any discipline and a total weighted standard score of 160 in the common wr ..

Field agents employed by business correspondents (BCs) for distribution of financial products in villages will now have a minimum fixed pay component in their remuneration package, instead of the variable and performance-linked structure now.Banks ha ..

The Reserve Bank of India's role in protecting the rupee's slide is limited despite some anti-market measures such as intervention since reducing the current account deficit and improving fiscal position alone can provide long-term relief, a  ..

Banks' incremental equity requirement that has arisen out of the Basel III capital adequacy norms “appears manageable”, says credit rating agency, ICRA.ICRA has estimated that banks would need between Rs 3.9-lakh crore and Rs 5-lakh c ..

Andhra Bank has lowered the minimum educational qualification to Intermediate-First Class for its clerical recruitment notified recently.As per the revised eligibility criteria, the applicants should have passed intermediate with a minimum of 60 per  ..

 Dr Maheswar Ojha of the National Geophysical Research Institute has been awarded the Indian National Science Academy medal for young scientist, 2012.He wins the prize for his contributions in the field of gas hydrates, which is a compound of me ..

Scores of staff at the Indian unit of Royal Bank of Scotland are staring at the spectre of a job loss with HSBC  unlikely to absorb all staff as anticipated at the time it agreed to buy the local assets of the UK state-owned bank, said three peo ..