Recruitment

Corporation Bank --- Recruitment of specialist officer Assistant General Manager (information Security)---SMG-V---Vacancy---1 Computer officer (Hardware)---MMG--III---Vacancy---4 Computer Officer (Software)---MMG---III---Vacancy---2 Computer Officer (database administrator)---MMG--III---Vacancy---3 Computer Officer (Communication)---MMG---III---Vacancy---3 Security Officer---JMG---I--Vacancy---5 Official Language Officer---JMG---I---Vacancy---5 Law Officer---JMG---I---Vacancy----10 Last date for receipt of application 22.12.2006 Date of written exam ; 18.02.2007 For more information visit www.corpbank.in

News

Banks can open lockers on rent deault According to the draft RBI circular, the locker holder of banks which are categoriesed as "medium risk" and "high risk" according to "know your customer" norms have to open their lockers at least once in three years and one year respectively. If they do not do so they will be given an option to operate or surrender them. If they still do not operate the locker the banks should consider opening the lockers with the help of police after giving due notice to the locker hirer. Other than above banks have the right to break open the lockers of those hirers who do not pay annual rent after giving them due notice. In case of the death of a locker hirer, access to the nominee or the joint hirer can now be given by submission of a death certificate and indentification papers. If there is an 'either or survior' clause and the locker is not to be operated jointly, access may be given only to the survivor in case of the death of one of the hirers. In case of the death of a locker hirer, where there is no nomination but a valid will, access may now be given to the executor. In other cases, access will be given to the legal representative of the deceased. While permitting the removal of the contents of any lockers, by a nominee or a legal heir, banks have been asked to create an inventory of the contents, which is to be signed by the new hirer. Banks cannot, however, open sealed packets left with them for safe custody or found in the locker. The central bank, has told banks that lockers, which do not have nomination clause should obtain the option within a year. PNB's new remittance service Punjab National Bank has launched a new remittance service with Buyindiaonline.com Inc, a wholly owned subsidiary of Xoom Corporation, USA. Under this service, non-resident Indians can send their remittances to India through the website www.xoom.com. A beneficiary can pick up pay order in his favour from any of the over 2000 core banking solutions branches of the bank in India.