Category Archives: Banking

Banking

Current Affairs in Bank Po Exam

The Banking Sector has gained immense popularity not only in India, but all over the world. With the opening of numerous private sector and public sector banks, there is a huge vacancy for bank personnel. Many autonomous organizations have been set up, which help in the recruiting of bank personnel’s on a large scale. Various exams and interviews are conducted to recruit individuals for various posts in banks. These exams are very tough to clear and cover a huge syllabus. However, the most important questions, asked in the exam are related to current affairs of India. These questions aim at testing your knowledge of the  general affairs taking place around you.

Banks offer a wide variety of courses which has made it the career choice of the decade. One of the most desirable jobs offered by banks is of a bank po. Bank po refers to bank probationary officer. Bank po is required in every bank, as they are required in every field. They carry out all the important functions in banks. However, due to its high demand, its selection procedure is very tough and requires a lot of hard work and dedication. The syllabus offered by the bank is huge and covers various fields. It is very important to focus on two things while preparing for the Bank PO exam- Vocabulary and current affairs of India. These topics cover the major area in any Bank PO exam and carry lot of marks. However, you can gain information on both these topics by reading newspapers, or the internet or radio, television. This would not only help you extend your vocabulary but also acquaint you with current affairs taking place in your environment. You should be thoroughly prepared with current affairs of India, especially the affairs in the banking industry. However, subjects like quantitative aptitude and reasoning can only be achieved by regular practice for months. There are many model question papers available on the internet or book stores which provide you with previous year’s questions and the most frequently asked questions in the exam.

Therefore, if you prepare well, you can easily clear bank po exams. You should start preparing months before the commencement of the exam in order to score higher marks than the other candidates and reach the interview level. Academic knowledge is not enough to score well in the exam; you need to be well updated with the current affairs of India as well, in order to score better.
 

Read current affairs 2011 on jagranjosh.com to know  current affairs for bank po and download list of  Ibps recruitment  and increase your knowledge .
 

Banking

Tips for Bank PO Preparation

Banks offer a wide variety of job opportunities to the youth of today. You will come across a bank in every State, in every Town, in every District. This is mainly due to the growing dependency of individuals on the banks for monetary comfort as well as monetary security. Due to the opening of banks in large numbers, there is a high demand for the recruitment of bank personnel. In such a scenario, large number of individuals is applying for various posts in the banks However; the post of bank po (probationary officer) is highest in demand, due to the responsibility under taken by a bank po. His role in the bank is very major, and involves carrying out almost all the basic functions in the bank. The recruitment of bank po is preceded by an exam and an interview round. This exam is extremely difficult and involves lot of hard work.  Due to their growing importance and their success, the banks recruit only the best candidate for the post. This has led to a stiff competition amongst thousands of candidates who apply. However, there are various tips provided by toppers in these exams, which prove beneficial for the amateurs in this field.

Through their hard work and dedication, many candidates have topped the challenging bank exams and emerged as winners. Today, they are living a healthy life in various highly reputable banks of India. They have provided some basic tips for the beginners in this field:

Focus on your Vocabulary. There is a separate section for essays and writing. Read Newspapers or novels which would help you extend your vocabulary.
You need to be thorough with your class X maths book. There is a section for Quantitative Aptitude which can be solved easily if you are well versed with your book.

Reasoning Questions have to dealt with care. You need to practice a lot from model question papers to improve.
Most important thing to be kept in mind is that you cannot make guesses. There is negative marking in the papers, so do not answer the questions which you are not sure about.

Read newspapers and listen to news channels to keep yourself updated. Recently, there has been frequent number of questions in the exam from the current affairs of India.

These basic tips can help you score better in your bank po exams. However, commitement is very important to clear these exams. Practise as much as you can from the model question papers and be thorough with your syllabus.

 

Download bank exam model question papers , download bank po papers  and get tips for bank exams  on jagranjosh.com .

Banking

Challenges with Bank Tenders

In old days, tendering was the most challenging job. It used to consume a lot of time in document filing, complicated offer price calculation, attending pre and post meeting and many other related tasks.

A normal day of tenderer started with flipping the pages of newspaper for bank tenders, which mostly he cut and save in a file. Be it Indian bank tenders, Indian overseas tenders or any other, every tender starts with this daily routine. After selecting the tender, the tender head to the concerned department to buy the required tender documents. Fill out the forms, attach the documents and certificates and deposit it to the department with a demand draft on time. This is the traditional way of applying for any tender.

But, scenario has changed. The new breed of tenderers is a bit lucky. As a result of technology advancement, new-generation tenderers wake up in the morning and just access their mail inbox to explore the bank tenders waiting for them. They just download the most suitable tender and start working. For instance, if they select Indian bank tenders, they will visit the website of the concerned department, download the document, pay the money online and send the documents via mail. Very simple and quick, isn’t it?

If you’re a novice, there are many websites that provide complete tender management solutions. Whether you want to know more about domestic or Indian overseas bank tenders, you can even attend the tender opening on your own through such sites. The process has become easier nowadays and it now more difficult to access and apply for any tender.  To win any bank tenders, make it sure, you spend some time to understand its requirement first rather than just apply blindly. It is very important because unless you understand their need completely, you can approach and convince them to assign it to you.

Every bank has its own set of requirements and hence, it is advised to read the bank tenders and its requirements thoroughly. Indian Bank tenders used to contain many sections to provide information accurately. Check your resources and make it sure that it exactly matches with the bank requirement.Online bidding has made the process easy and get everything done in seconds.
 

To get detail of bank tenders like Indian bank tenders, Indian overseas bank tenders and other tenders visit free tenders site.

Banking

Bank Recruitment by IBPS CWE

Banking sector is growing fast and flourishing with every passing year. It recruits many individuals every year for various posts. However, since it is a highly coveted career option, the recruitment process is very tough and the selection rate is very low. This makes it a stiff competition for the candidates appearing for the exams. However, it is a hectic procedure for the respective bank as well. It is very difficult to recruit the most capable candidate out of the thousands who appear for the exam every year. However, they cannot compromise on this, as banking sector requires a strong team of loyal and hardworking individuals who take care of the monetary matters of the citizens of our country. it is also a tough job to conduct exams every year for thousands of candidates. However, IBPS is a solution to this problem faced by most public sector banks. It is an autonomous body that recruits individuals for various posts in public sector banks of India. This year, for the first time it is conducting CWE (common written exams) to recruit candidates for the post of Bank PO.

IBPS uses the latest technologies to recruit the most capable candidates. It is built up a strong faculty of professionals who are trained in various fields like, psychology, marketing sector, banking industry etc. It has various offices spread throughout the country, which conduct exams every year for various posts in public sector banks. The establishment of IBPS has been a blessing for many public sector banks who have successfully recruited many capable individuals based on the exams conducted by IBPS. Its efficient team of employees and latest technologically advanced machines allow quick printing of question papers and unbiased checking. It also conducts training programmes for its clients so they realize their potential and choose the post accordingly.
Common written exams (CWE) is another effort by IBPS to recruit candidates easily for the 19 public sector banks connected with it. It will be like bank exams, but all the candidates would be given the same question paper. After clearing the exam, they will get a score card. If a vacancy arises in any of the 19 banks involved, the candidate can directly reach the interview level with the help of the score card.

Thus, IBPS has taken the responsibility of bank recruitment for various public sector banks. Its new endeavour to commence Common written exam for the post of bank po has been appreciated by many. It will follow an unbiased procedure to recruit capable indviduals.
 

Download list of IBPS recruitment , bank exm question parer , CWE and tips for Bank recruitment 2011 on jagranjosh.com
 

Banking

Bank Recruitment 2011 by CWE

Banking sector is growing rapidly with every passing year.it is high in demand and is the most coveted career in today’s times. People are totally dependent on banks for taking care of their monetary matters. Since its network is spread throughout the country, it has a large variety of jobs to offer to the youth. IBPS has undertaken the job of recruitment for public banks in India. It is an established body which recruits suitable individuals for various posts in the public sector banks of India. This year in 2011, it is conducting a common written exam for the recruitment in the post of bank po.  Such a platform is provided for the first time to the aspirants where they can get straight entry into 19 top public sector banks of India.

IBPS is an autonomous body that has a vast web of network spread all of India. It deals with recruitment of bank personnel for various posts in public sector banks. Its testing mechanisms are based on modern technologies that are very efficient. It also conducts training programmes for its clients where they can realize their potential and their areas of specializations. It has special training sessions for behavioural skills. It has been claimed as the most efficient medium for human resource management, by the government. IBPS is an organization that not only recruits candidates through outsourcing but also promotes the candidates within the organization. This has helped to boost of the morale and confidence level of its employees and made IBPS, one of the best employers in the country. It works, keeping in mind the needs and requirements of its clients which has made it popular all over the country. Its selection basis, which is done purely on the basis of hard work and skills, has inclined many candidates towards IBPS.

It has conducted various exams and interviews and also recruited a large number of candidates to the desired posts in public sector banks of India. However, it aims at growing stronger with every year. It has a strong team of highly qualified professionals who present novel ideas for the betterment of the society. Therefore, it has come up with the CWE, common written exams in 2011. These exams will be a common platform to gain entry into the 19 public sector banks. These exams will be conducted for recruitment for the post of bank po.

IBPS has been a blessing to all those candidates with the necessary skills but who lacked the opportunity. Its recent endeavour to conduct CWE exams in 2011 for the recruitment in the post of bank po is another major achievement.
 

If you are perparing for IBPS Recruitments , IAS prelims exam , recruitment in banks and common written examination then get tips on jagranjosh.com
 

Banking

Secrets of bank frauds

 

Money has become one of the main humans’ passions many years ago. No wonder, every day people make up sophisticated kinds of fraud. Identity theft, online auction frauds, bait and switch – all these words name different ways of stealing your money. Fraudsters are everywhere, even in your bank. Yes, I’m not joking. No matter what financial operations you are going to have in a chosen bank, be ready to get scammed. I do not say that all banks are full of frauds, I just want to warn you that losing money is much easier than you can imagine that. Here are some kinds of bank fraud that you may face:

Concealing a part of gain from securities sale. People who sell their securities through bank broker usually do not compare percentage gain indicated in the securities sale report with market rate. This allows to understate real price and this provide personal income.

Such activity is very hard to control. Usually, id clients have any complaints, they come to broker and say what they are unsatisfied with. In this case it’s absolutely easy for broker to change the results of deals and settle an affair. Meticulous client will be treated carefully, and other clients will become broker’s new victims. As a result, bank’s management will have no idea about such fraud.

Be careful and spend a few minutes to compare the prices.

Deliberately ineffective purchase of securities. Broker enters into an agreement with issuers of now very profitable securities or securities price on which is artificially overrated. Then broker convinces a client to buy offered securities and enjoys brokerage.

Using funds of temporary inactive accounts. Remains of temporary inactive accounts are transferred to the account of fake firm. This account is debited on sums stolen by bank worker.

But not only bank workers can cheat.

There are hundreds of bank fraud cases. One of the most well-known is a case of Austrian Bank Bank Fuer Arbeit und Wirtschaft AG. The bank was owned by Austrian federation of trade unions. The scandal took place in 2006, and since then the case hasn’t been solved. The case can be divided into two parts. First of all, the bank lost 1 billion Euros on currency operations and gave money to the former executive director of American broker company Refco Inc just before his company bankrupted. Two former directors – Wolfgang Fletl and Robert Raitner of the bank are involved in this case. One of the former directors Helmut Elsner tried to find a refuge in France, but was given to the Austrian government.

The story is not finished, and no one knows when and whether it will be finished. There are too many questions and very few answers are left.

Anyone can become a victim of bank fraud. There is no 100% guarantee you can secure yourself, but still you can try to save your money. Be very careful when dealing with banks, try to choose well-known and respected ones and never ignore reading contracts and other documents. Your patience and attentiveness can save you from scam.

 

 

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Banking

Recruitment in Banks of India

Bank po and bank clerk are two most exciting jobs offered by a bank to any candidate. Both these posts require a person with good computer literacy as most of the work depends on it. It is a challenging job to recruit individuals for the job as it is most preferred by the youth because of the handsome pay it offers along with respect and honour. They carry out the major functions in the bank and undertake the major responsibility of keeping track of the most confidential information of the customers.

Bank po recruitment:
Bank probationary officers carry out most of the general work of the bank.
They are the left hand of the bank and every bank requires them. This has increased the demand of the post of bank po and therefore a tough procedure has been adopted by the bank for the recruitment.
The candidate must be a graduate with a minimum score of 60percent in order to be eligible to appear for the exam. An interview follows the exam, which is equally tough. The final result is based on the overall performance of the candidate in both the exam and the interview.
After recruitment, the candidate has to serve a probation period of two years. Before the period is served he/she can do any work in the bank.
After the probation period is served, the candidate has to do the routine work like passing, scrolling, advances etc.
Bank clerk recruitment:
Like recruitment for the post of bank po, bank clerk also undergoes the same procedure of an exam and an interview.
However, they are immediately recruited without serving any probationary period.
The candidate must be a citizen of India. The minimum age to apply for the post is 21 years and the maximum is 30 years.
There are different types of clerks like loan clerks, who deal with the loans taken from the bank, security clerk, who look after the certificates etc., new account clerk, who answers the queries of new customers and open new accounts, etc.
Thus, a customer encounters a clerk in every stage; therefore every bank requires clerks specialized in every field. However, all of them should have the basic common characteristic of good communication skills and computer literacy.
Bank clerks and bank po are two jobs with good job profiles and highly coveted. The Recruitment in banks and these posts is a tough process however hard work can help you pull it through.

If you want to get tips for Recruitment in banks , tips for Ibps recruitment and for bank po recruitment on jagranjosh.com .

Banking

IAS and Bank Exam Syllabus

IAS and Bank po are two highly coveted jobs offered by different sectors. Civil services offer IAS and the banking sector offers the post of bank po to the most eligible and highly competent individuals. Tough exams are conducted for both recruitment and are very difficult to clear. The syllabus is huge and thrives mainly on current affairs questions, which tests your general awareness level. You have to prepare thoroughly for the exams and the interview session that follows. Various subjects like history; English, geography, etc are covered in the vast syllabus.
IAS exams:
IAS exams are conducted by UPSC. There are two exams, prelims exam and mains exam. In order to appear for the mains exam, you have to clear the prelims exams with a certain aggregate decided by UPSC.
Prelims are usually held in May and later in the year around October/November, the mains exams are held.
The prelims syllabus consist of subjects like World geography, history of India, economic and social development etc. and the CSAT test which consists of power test and speed test.
Mains exam consists of nine exams, which are conducted on various dates.
A huge syllabus is covered under these nine exams. It has two optional subjects, one general studies, one essay. Other than that, there is two language papers. The scores of these papers are not added in the final sheet; however, it is important to clear them.
Optional subjects for the main exam includes law, geology, geography, Psychology, Public administration etc.
Bank PO exams:
Test for reasoning/mental ability/aptitude – this section judges the mental capability and reasoning ability of the candidate. It includes the following syllabus:
VERBAL: alphabet series, number series, analogy, blood relations, problem on age calculation, coding decoding etc.
NON-VERBAL: mirror images, non-verbal series, cubes etc.
Quantitative aptitude- It tests the mathematical skills of the candidates. The syllabus includes:
Number system, HCF, time and distance, percentage, profit and loss, algebra, mensuration, data interpretation etc.
General Awareness – judges the general awareness level of the candidate. Syllabus includes:
Current affairs, sports, books and authors, important days, abbreviations, etc.
Thus, it is evident that bank po exams and IAS exams cover a major syllabus for bank po syllabus and other . The subjects like English, geography, maths etc that we learnt in school are also a major part of these exams. You need to prepare your basic well and be thorough with the syllabus.

Download bank po syllabus , bank clerk question papers , IAS exam syllabus and geography syllabus for IAS exam on jagranjosh.com .

Banking

Exams Bank and Civil Services

Exams: Bank and Civil Services

Banking sector and civil services are highly coveted career choices of today’s time. Most of the youth is inclined towards these career options and dreams to be a part of it. Apart from offering wide options of respectable job opportunities, they also ensure job security. Therefore, thousands of students enroll themselves every year for various posts in the civil services or any of the esteemed banks. IAS and bank po are two most preferred jobs in these fields. However, there are tough question papers in these examinations that act as a ticket for your entry into these prestigious fields, it is only after clearing these exam will you be able to reach the interview session. Bank exams are conducted by the respective banks, while for entry into the civil services, exams are conducted by UPSC (Union Public Service Commission).it conducts examinations for entry into all India services offered by civil services. Banking sector has grown tremendously in the past few years. With the increase in the success chart of the banking sector, the demand for eligible candidates to carry out various functions in the bank has also increased. Bank conducts exams for various posts. Bank po is the most coveted post offered by the bank. It does not put too much responsibility on you, however it offers you a handsome pay and also additional incentives that are hard to resist. The exam question paper is very tough and designed by a group of highly trained professionals. You must be thorough with the syllabus and be updated with the current happenings around you in order to clear the exam. Civil services are also a reputable career choice. However, the selection process adopted by UPSC is very strict. Only the most competent candidate is able to make through all the exams and the interview session. The question paper is tough and it takes many attempts for a candidate to be able to finally clear the exam with high scores. IAS is a prestigious post offered by the bank. An IAS officer has to undertake the major responsibility of managing the bureaucracy. After the selection of the most suitable candidates, they are trained and then strategically posted in various parts of the country.

Thus, civil service exams and bank exams are two mediums to gain entry into the most esteemed career options in today’s world. Entry into any job offered by these sectors puts you one notch above everybody. The IAS question papers is designed by the highest trained professionals who ensure the entry of only the most competent and meritorious student.

Download UPPSC question papers , bank clerk question papers , IAS question papers and bank po question papers on jagranjosh.com .

Banking

Bank Exam Preparation Tips

Bank recruitment is done based on bank exams and an interview session. Thousands of candidates apply for various posts like bank po or bank clerk in the bank. However, only a few meritious candidates are short-listed which are further filtered down during the interview session. The bank exams are very difficult to clear and require a thorough preparation of the exam syllabus. The question paper dedicates a major portion to the current affairs. Many students are not able to clear the bank exams even after hard preparation of the syllabus. The main reason is that they lack in general knowledge. one must start preparing months before the actual commencement of the exam in order to update himself/herself with the current affairs.

Banking sector is one of the fastest growing sectors in today’s times. It has extended across the country with a bank opened in almost every corner of the country. This has lead to a major demand for trained professionals to carry out various functions in the bank. This demand has attracted most of the youth. A bank job not only provides a good income but also ensures job security. Various banks have adopted different criteria for the recruitment of various posts in the bank. However, it is very essential to prepare thoroughly for the exam. Following are some tips to be kept in mind while preparing for a bank exam:

It is very important to have a strong vocabulary. There is a separate section in the question paper for vocabulary questions.
Divide your time. According to the marking scheme, give more importance to the subjects that carry more weight age.
Banks provide booklets, which consist of the syllabus and some practice questions. However, this is not enough. It is very important to study from the supplementary notes, which are available in bookstores or the internet.
Current affairs should be considered a part of the exams syllabus. You must be updated with all the recent happening in the past.
Reading newspapers can serve two purposes. They can increase your general knowledge and help you to extend your vocabulary.

Therefore, if you study the bank exam syllabus thoroughly and practice the questions papers from the internet, you can easily clear the bank exams. Knowledge of current affairs is also very essential to clear the exam and the interview session. However, once you are recruited in an esteemed bank, you can have a promising and secure future.

Download list of bank recruitment for bank recruitment 2011 and get bank exam syllabus on jagranjosh.com .