United Bank of India to raise up to Rs 1,600 crore to grow lending

The Kolkata-based moneylender has an unobtrusive capital sufficiency proportion of 9.8 for every penny against the absolute minimum of 9 for every penny and in this manner it to needs accumulate cashflow to enhance the basic degree.

UBI said it plans to raise up to Rs 1,000 crore either by second open issue or rights issue of shares or by position of shares to qualified institutional financial specialists. It might likewise raise up to Rs 300 crore of crisp value from Life Insurance Corporation of India and an alternate Rs 275 crore from the legislature by changing over existing never-ending non combined inclination offers (PNCPS).


SBI is recruiting, find here SBI Recruitment 2014 details

This is relied upon to support its capital sufficiency and to make space for credit development. UBI has gained shareholders nod for this proposed capital raising activity.

"We are cheerful that we will have the capacity to satisfy the desires of our shareholders in this budgetary year and get them sought profits for their venture," bank official executive Sanjay Arya told shareholders at the bank's fifth yearly general gathering on Saturday.

The bank is battling one of its hardest fights in the wake of making an amazing Rs 1,238 crore misfortune in the December 2013 quarter by virtue of soak climb in sticky advances. The level 1 capital degree went 45 premise focuses beneath the administrative level of 6 for every penny at the end of December constraining the bank to press giving exercises.

It has centered exclusively on recuperation of advances from that point and turned around with Rs 469 crore net benefit in the March quarter and enhanced capital sufficiency degree to 9.8 for every penny under Basel III tenets. The level 1 capital proportion enhanced to 6.54 for every penny.

This has provoked Reserve Bank of India to loose the boycott on UBI's loaning control over Rs 10 crore and permitted it to loan up to Rs 200 crore to `triple An' or safe PSU and corporate borrowers.

The area controller has advised UBI to keep credit-store degree at a most extreme of 70 for every penny and cashflow to hazard holdings proportion ( CRAR) not underneath 9 for every penny.

The bank is reporting its advancement to the RBI consistently.

How to get a job in a Bank?

If you are preparing for a banking job, you must be wondering what is the best way of preparation for a bank job. Though there are many banks in India and they recruit thousands of candidates every year, but the supply is in millions. Millions of candidates apply for every bank recruitment and only some thousands or hundreds are selected in the final round.

So, if you are wondering how to reach in the final round or clear the recruitment procedure of a bank, you must read this post.

Click here for current BOB Recruitment 2014

 

Want a job in SBI bank? Find here the list of SBI Recruitment 2014

Here are some tips that will improve your chances of getting a job in a bank

• Make sure that you really want to work in a bank and you have a solid reason for that.
• Prepare for the written exam with full dedication. Think it like an aim that you have to achieve in any condition.
• Do not lose hope, there are too many banks out there and you will definetely get a job if you really want it.
• Keep confidence in the Interview round and remind yourself why you want this job
• Before you aim a bank job as your career, make sure that you know everything about it and are sure that you want to do it
• Follow the right direction and resources
• Do everything what it takes to be an employee in your favorite bank

How to crack SBI PO Recruitment Exam

The State Bank of India (SBI) Probationary Officer (PO) is one of the most demanding jobs among young Indian graduates. Be it the pay or luxury, SBI gives you everything better than other banks in India. So, if you are also one of those candidates looking forward to get a PO job in SBI, you can fins some useful tips here to crack the SBI PO exam.

You can find here the complete list of current and upcoming SBI PO Recruitment 2014

SBI PO exam is conducted in two phases.

First phase includes an objective + descriptive written exam
Second phase involves Group Discussion followed by a Personal Interview round

Tips to crack SBI PO written exam

• As negative marking is applicable, attempt only the questions you are sure about.
• The English language section includes questions based on unseen passages, antonyms, synonyms, understanding vocabulary, fill in the blanks, finding the error in a statement, jumbled up questions. Revise your basic grammar skills by referring to grammar book such as Wren and Martin.
• Glance through a thesaurus to understand and revise antonyms, synonyms and learn more vocabulary.
• General Awareness, Marketing and Computer section is the highest scoring and can also be completed quickly if you have had thorough preparation.
• Questions from General Awareness, Marketing and Computer generally come from banking knowledge, current affairs, computer knowledge, operating systems, computer hardware and software and basics of marketing.
• Study from a recent general knowledge book and basic books on computers and marketing, focus on understanding the essentials.
• Data Analysis and Interpretation will test your mathematical and analytical skills. Practice it well.
• Common questions for the Data Analysis and Interpretation are based on Number Systems, Fractions, Ratio and Proportion, Time and Work, Percentage, Profit and Loss, Problems on Ages, Simple Interest and Compound Interest, Averages, Area and Time and Distance.
• Prepare for Data Analysis and Interpretation by practicing calculations and increasing your speed, also revise important Math formulae and revise reading charts, graphs and tables.
• Reasoning section can be confusing so make sure you completely understand the question before attempting it; the section aims at testing your logical thinking and problem solving skills.
• Most questions for Reasoning are based on Seating Arrangements, Syllogism, Coding-Decoding, Statement and Conclusions, Directions, Blood Relations, Analogy, Classification, Series problems, Missing Characters, Odd Man out, Ranking Test, Data sufficiency, Assumptions and Directions.
• The Reasoning section is also one of the most time-consuming, so if you are not able to answer a question, move on and get back to it later.
• Practice various types of puzzles and analogies to prepare.
• The most important tip for preparation for all the sections is to practice as many sample papers, model papers and previous year papers as possible.

Tips to crack SBI PO GD and Interview round


• Listen to English news and practice speaking in English. Apart from helping you prepare for group discussion and interview, this will improve your language skills and help you notice language errors.
• Practice speaking in front of mirror
• Improve your subject knowledge. Knowledge improves confidence
• Prepare latest topics for Group Discussion
• Take help of your friends to prepare for GD and interview

SBI not eligible for Rs 50,000 crore EPFO investments

The State Bank of India (SBI) is likely to be among 24 public sector banks ineligible for Rs 50,000 crore EPFO investments made in bank deposits each year by the Employees' Provident Fund Organisation, the country's largest retirement fund.

SBI Recruitment 2014 full details

The Employees' Provident Fund Organisation (EPFO), that manages over Rs six,00,000 large integer of retirement savings entrusted to that obligatorily by eight.15 large integer staff, will not invest within the bonds and deposit instruments of those banks as their dangerous loan levels have broken its internal threshold to outline 'safe' investments.

As several as twenty four of the twenty nine public sector banks have internet non-performing assets of over a pair of of their internet advances, disabling them from profitable and inevitable inflows from the PF department. These embrace giant lenders like geographic region commercial bank -1.64 try to the Union Bank of India -4.09 %.

"As per the investment pointers for provident fund savings, the EPFO will currently solely invest in term deposits of 5 public sector banks — Bank of Baroda -1.33 %, Canara Bank -2.15 %, Syndicate Bank -2.44 %, Vijaya Bank three.20 try to Bank of India," same a senior government official. "These 5 banks aren't the largest, however their dangerous loans area unit still below the edge limits set by the board," he said.

With the economy shrinking for 2 years running, coinciding with a pointy contraction in producing and mining output, the spectre of dangerous loans has worse across the banking sector in 2013-14, with thirty six banks reportage gross NPAs of Rs a pair of,34,014 crore, twelve months over a year past.

Why choose SBI over other banks for a job in India?

Looking for a bank job in India, but not sure where to go? With so many banks in India, it often get confusing to choose the best bank for a career. Let's go with the SBI bank


Find here the list of current SBI Recruitment 2014

Here are the reasons why I would choose a job in SBI

• The best bank in India in terms of job satisfaction
• Wonderful workplace
• Nice infrastructure
• Since the SBI is the largest public sector bank in India, the facilities are quite good
• well reputed heritage, history & culture
• Nice work culture
• Good and frequent growth opportunities
• Get a chance to work with high qualified and experienced professionals
• Good work life balance as the working hours are fixed
• High job security
• I have heard many SBI employees complaining about low pay, but the extra benefits and perks they get are much more and better than any other company can provide

Here are some of the most common cons people find in a SBI job (Why not go for SBI job)

• Low pay
• less growth opportunities
• Posting in rural areas in the beginning
• Much work load in the initial years

That will be all from my side.

If you are wondering why to go with a banking sector job, you might like reading this post