News

Two more co-operative banks under moratorium The Reserve Bank of India has placed two more UCBs ( Urban Co-operative Banks ) , Parivartan Cooperative Bank and Miraj Urban Cooperative Bank, under moratorium following run on deposits. Parivarthan Cooperative Bank is a Mumbai based UCB, while Miraj Urban Cooperative Bank is in Miraj near Kolhapur. Depositors of these two banks will be allowed a one-time withdrawal of Rs.1000. A bank has also been imposed on lending. Development Credit Bank raises deposit rates The bank has raised interest rates on term deposits of below Rs.15 lakhs. The rates on 46-87 days have been revised to 6% per anum ( 4.75%) and on deposits for 88 to 177 days it has gone up to 7% per anum ( 6% ). For deposits of 178 to 237 days, the rates have been revised to 8.08% pen anum ( 6.50% ).

Recruitment

Andhra Bank invites application for the post of Clerks Last date for receipt of application : 18.11.2006 Tentetive date for exam : 21.01.2007 Vacancies : 128 Statewise vacancies: Delhi-6, Uttar Pradesh-3, Madhya Pradesh-5, Goa-4, Gujarat-6, Kerala-4, Orissa-25, Uttaranchal-4, Punjab-5, Rajasthan-6, Andhra Pradesh-60. Reservation: Unreserved-69, SC-16, ST-14, OBC-29 ( Visually Handicap-3, Hearing Impairment-1, Ex-servicemen-18) Qualification: Pass in (10+2) examination or its equivalent Age: Min 18 years / Max 28 years Written test pattern: a) Objective type tests 1. English Language 2. Test of Numerical Ability 3. Test of Reasoning 4. Test of Clerical Aptitude b) Descriptive Test Written Test Centre: New Delhi,Lucknow,Bhopal, Panaji, Ahmedabad, Ernakulam, Bhubaneswar, Dehradun, Chandigarh, Jaipur, Hyderabad, Vishakapatnam, Vijaywada, Tirupathi, Nizamabad, Karimnagar, Rajamundry, Kurnool. For more information: www.andhrabank-india.com Employment News dated 28 Oct to 3 Nov 2006

Recruitment

Andhra Bank invites applications for the Specialist Officer posts in MMGS-III, MMGS-II and JMGS-I Last date for receipt of application : 18.11.2006 Late date for receipt of application from far flung areas : 24.11.2006 Tentetive date for examination JMGS-I : 28.01.2007 01. Post :Financial Analyst Grade: MMGS-III Scale of Pay : Rs.18240-22280 Vacancies : 15 Age : min 21 years/ max 35 years Reservation : Unreserved-9, SC-2, ST-1, OBC-3, Visually Handicap-1 Qualification: MBA(finance) / PGDBM(finance) / ICWA / ACS / CA / CFA or any other equivalent degree Experience: Minimum of 5 years experience in credit department of a commercial bank in officer cadre. 02. Post : Law Officers Grade : MMGS-II Scale of Pay : Rs.13820-19920 Vacancies : 15 Age : min 21 years / max 35 years Reservation : Unreserved-7, SC-2, ST-2, OBC-4, Visually Handicap-2, Orthopaedically Handicap-1 Qualification: Graduate Degree in Law (3 year or 5 year integrated course) with minimum 50% marks from a recognised University Post Graduate Degree in Law will be preferred ( In case of SC/ST and Persons with disability they should have a minimum of 40% marks) Experience: a) Active practice at the Bar for 5 years or as Law Officer in legal department in a commercial bank / financial institution with a minimum of 5 years, of which a minimum of 2 years should be as an Active Practicing Advocate. b) The Active practice should be with special reference to Banking. c) The candidate should also have exposure in Documentation, Title Scrutiny, Debt Recovery, Securitisation, Reconstruction of Financail Assets, Arbitration and work related therefor. 03. Post : Information Technology Officer Grade : MMGS-III Scale of Pay : Rs.18240-22280 Vacancies : 15 Age : min 21 years / max 35 years Reservation : Unreserved-7, SC-2, ST-1, OBC-5, Visually Handicap-1 Qualification : BE / BTech / ME / MTech / (Computer Science/IT) / MCA / MSc (Computer Science/IT) Experience : Minimum of 5 years experience as officers in IT environment in Banks/Financial Institutions & Working knowledge in Core Banking implementation, Oracle, Networking, Web based systems, Mail messaging, Systems Security is desirable. 04. Post : Information Technology Officer Grade : MMGS-II Scale of Pay : Rs.13820-19920 Vacancies : 25 Age : min 21 years / max 35 years Reservation : Unreserved-15, SC-3, ST-1, OBC-6, Visually Handicap-2, Orthopaedically Handicap-1 Qualification : BE / BTech / ME / MTech / (Computer Science/IT) / MCA / MSc (Computer Science/IT) Experience: Minimum of 2 years experience as officers in IT environment in Banks / Financial institutions & working knowledge in Core Banking implementation, Oracle, Net Working, Web based systems, Mail messaging, Systems security is desirable. 05. Post : Information Technology Officer Grade : JMGS -I Scale of Pay : Rs.10000-18240 Vacancies : 35 Age : min 21 years / max 30 years Reservation: Unreserved-18, SC-8, ST-3, OBC-9, Visually Handicap-2, Orthopaedically Handicap-1 Qualification : BE / BTech / ME / MTech / (Computer Science/IT) / MCA / MSc (Computer Science/IT) Experience: Not essential Selection Procedure: a) Information Technology Officer (JMGS-I) The selection will be made on the basis of performance in written test and/or group discussion and/or interview. b) Financial Analyst (MMGS-III), IT Officer (MMGS-III), IT Officer (MMGS-II), Law Officer (MMGS-II) The selection will be made on the basis of group discussion and/or interview. Written test pattern for IT officer (JMGS-I) a) Objective Type Test 1. Test of General Awareness 2. English Language 3. Quantitative Aptitude 4. Test of Reasoning 5. Subject Knowledge (area of specialisation) b) Descriptive Test in the area of specialisation. Test Centres: for IT Officer (JMGS-I) New Delhi, Kolkata, Mumbai, Chennai, Hyderabad, Bangalore, Bhubaneswar, Ernakulam, Vishakapatnam, Vijaywada. For more information www.andhrabank-india.com Employment News dated 28 Oct - 3 Nov