Result : ING Vysya bank Ltd.

ING Vysya bank reported a 195% increase in net profit for the third quarter of this financial year which stood at Rs.14.33 crore against Rs.4.86 crore for same period last year. While the gross NPA stood at 3.34%, net NPA stood at 1.27%.

ICICI Bank credit card for children

ICICI Bank has tied up with Kidzee, Zee Network's Education Group, to launch a co-branded credit card that offers special discounts appealing to children. Kidzee with a chain of over 500 pre-schools will offer the card to the parents of its current students. The card will be under the name of parent and will have similar features as a normal ICICI bank credit card. The card is a life time free card with no annual or joining fee. It will offer 10% discounts on annual fee at Kidzee. It also offers discounts at Gini& Jony outlets, Asian Sky Shop products and Apollo Clinic Health Check-up plans.

Result : Dena Bank

Dena Banks' net profit dropped by arond 15% to Rs.70.53 crore in the quarter ended December 31,2006 , against Rs.83.18 crore in the corresponding year-ago period due to higher provisions for non-performing assets. The net NPA of the bank stood at 2.47% down from 3.37%. The total deposits stood at Rs.25,529 crore (18.19% growth). Gross advances stood at Rs.17,206 crore (27.87% growth).

Result : Canara Bank

Canara Bank has shown a modest growth of 1.88% in net profit for the quarter ended December 2006 at Rs.363.02 crore compared to Rs.356.29 crore for the same period last year. The bank's total income showed robust growth at 27.8%. The higher provisioning for depreciation in investment portfolio is the main culprit for less growth in net profit. The net NPA of the bank stood at 0.96%. Capital Adequacy ratio stood at 12.69%. The total business of the bank stood at Rs.2,22,504 crore. Deposits stood at Rs.1,31,781 crore and Advances stood at Rs.90,723 crore.

Result : State Bank of Mysore

State Bank of Mysore has posted a net profit of Rs.54.94 crore for the quarter ended December 2006, posting a 38.77% growth over the same period last year. The net NPA of the bank stood at 0.37%. The Capital Adequacy Ratio of the bank stood at 12.09%.

Result : State Bank of Hyderabad

State Bank of Hyderabad has posted a net profit of Rs.305.96 crore for the quarter ended December 2006, posting a 50% growth over the same period last year. Total business crossed Rs.64,593 crore showing a growth of 25.37%. The net NPA of the bank stood at 0.16%.

Bancassurance to get liberal

IRDA ( Insurance Regulatory and Development Authority) is thinking of allowing a bank to sell insurance products of more than one insurance company. At present a bank can tie up with one life insurance and one general insurance company and sell its products to the customers of the bank to earn income. But now banks are requesting for more tie ups with different insurance companies so that the customers of the bank can get better deal.

ICICI bank takes Rs.150 crore hit on farm house loan

ET dtd 19.01.2007 The Country's second largest bank, ICICI bank, has taken a hit on loans given against warehouse receipts - a security which acts as evidence that a specific commodity is kept in a warehouse. Constituting a slice of the bank's farm lending portfolio, this is one of the new businesses that private sector banks like ICICI have been doing in the past couple of years. According to sources, the fraud, which was unearthed in the quarter ended December, is said to be between Rs.100 crore and Rs.150 crore. Unlike loans against demat shares where the presence of depositories acts as a comfort to the bank, in case of warehouse receipt financing, banks hire collateral managers who check the quality and quantity of the stock against which loan is disbursed. The fraud happened since some of the collateral managers colluded with the warehouses to issue receipts which showed inflated or non-existent stocks. This is beleived to have happened in four states- Maharashtra, Madhya Pradesh, Rajasthan and West Bengal. The total portfolio of warehouse receipt finacing of the bank is at around Rs.1,600 crore which is around 13% of total agri portfolio of Rs.12,313 crore. Total advances of the bank as on September 30,2006 were Rs.1,55,403 crore. Public sector banks like State Bank of India, Punjab National Bank and Canara Bank have been traditional players in this market, along with some old, southern private sector banks. In the last few years, new private sector banks have also been offering the product. Traditionallly, commodities are stored in state and central warehouses. However, in recent years, a string of private warehouses has also come up. In case of private warehouses, banks appoint collateral managers. These mangers have expertise in bulk commodities. These managers certify the goods, monitor the movement of goods, mark interest in the books of warehouses - the lien of the bank, among others. In some cases, private warehouse players also act as collateral managers. Bank keep cost-cutting in mind when they hire mangers. Banks also appoint management and collection agents to help identify borrowers for warehouse financing. In some cases, these agents also store the receipts on behalf of the bank. This, according to bankers, is one of the major loop-holes in the system. Sources said that in Maharashtra, one of the state warehouses was involved in the fraud, while in other states, the management and collection agent were involved. In some cases, the bank found that the quantity mentioned in the receipts was not matching with what was in the warehouse. ICICI Bank officials discovered the fraud in the course of a routine audit. The Reserve Bank of India has already been appraised of the matter. The bank has been able to recover a part of the money. The bank has access to guarantees, land and also cash as collateral from these agents. It has also taken over the control of the commodities in the warehouses. The interest rate in financing of warehouse receipts is between 8.5% and 13%. Other than farmers, traders and companies use this financing route. In case of loans to farmers, the financing is treated as priority sector lending. Margins by banks for this financing range anywhere between 25% and 60% depending on how volatile the commodity is. Also, the financing tenure for the product range from 90 days to one year, depending on the product.

IDBI hikes deposit rates

IDBI bank has hiked interest rate on Suvidha fixed deposit by 25-75 basis points across all maturities. The hike will come into effect from January 17. For deposits upto Rs.15 lakkh, a deposit having a tenor of 1-3 years , the rate has been hiked to 8% ( prev 7.25 to 7.5%). Deposit with tenor ranging from 3-10 years, will now fetch an interst rate of 8.25% ( prev 8%). For deposits of Rs.15 lakh to Rs.100 lakh, will fetch interest of 8.75% (prev 8.50%) Senior citizens will be paid an additional 1% interest on deposits upto Rs.15 lakh.

Vote bank Politics at its best

The government has asked the Indian Banks' Association (IBA) to consider earmarking a slice of total loan disbursement for members of minority communities. In a letter dated January 9, the banking division under the ministry of finance has told IBA to examine the proposal to set aside 15% of priority sector lending in all actegories for minority communities.

IndusInd Bank ties with Aviva Life Insurance

The IndusInd Bank has entered into a bancassurance tie-up with Aviva Life Insurance to offer laters products to its customers. Products of Aviva Life Insurance like Life Long, SaveGuard Junior, Easy Life Plus and Pension Plus would be available to the customers of IndusInd Bank.

Result : South Indian Bank Ltd.

The banks net profit grew 20% to Rs.24.84 crore for the quarter ended Dec 2006 as against Rs.20.65 crore for the same period last year. The capital adequacy stood at 11.76%. Gross NPA at 4.29% and Net NPA at 1.49%.

Result : State Bank of Travancore

The banks net profit grew 13.65% to Rs.185.82 crore for the nine monts ended December 2006 as against Rs.163.50 crore for same period last year. The total business reached Rs.53,636 crore, Deposits reached Rs.29,868 crore and Advances to Rs.23,451 crore at the end of Dec 2006.

Result : State Bank of Hyderabad

The bank has achieved a 59.2% growth in net profit for the quarter ended December 2006 at Rs.98.87 crore as against a profit of Rs.62.11 crore for same period last year. The total business grew at 25.37% to Rs.66,593 crore. The net NPA as percentage to net advances reduced to 0.16%.

Centurion Bank eyeing more buys

After acquiring Lord Krishna Bank and Bank of Punjab Ltd, the Centurion bank is eyeing more buys to expand its reach and increase its capital.

Draft RBI norms on Priority lending

As per the draft the banks can lend more under educational loans. The banks can now grant upto Rs.10 lakh to individuals for studies in India and upto Rs.20 lakh for studies abroad. The earlier limits were Rs.7.5 lakh and Rs.15 lakh respectively. Banks are required , under the current guidelines of the RBI, to direct 40% of their loans to " priority sector". Priority sector includes loans given to agriculture, small scale enterprises, micro credit, housing loans ( less than Rs.15 lakhs), besides weaker sections of society among other categories. There are sub-targets fixed under each of these categories. For instance, banks are expected to direct at least 18% of their loans to agriculture (under overall limit of 40%). In case of foreign banks, in view of their lack of rural branches, they are expected to lend only 32% of their loans to priority sector. In their case, they have been given a sub-target of 10% for export credit.

Award for Bank of Baroda

Bank of Baroda has received the special award for " Excellence in Marketing and Brand Communication " by Association of Business Communicators of India.

Change in FII holding

South Indian Bank Sep 06 at 7.8% , Dec 06 at 35.0% Federal Bank Sep 06 at 4.1% , Dec 06 at 37.3% IndusInd Bank Sep 06 at 3.5% , Dec 06 at 17.4% (source ET, 13.01.07)

Result : UTI Bank

The Bank reported 40.2% growth in Net Profit for the third quarter ended December 31, 2006 at Rs.184.6 crore as against Rs.131.7 crore for the same period last year. Other income was up 61.3% to Rs.279.7 crore from Rs.173.4 crore. The Net Interst Magin was at 3%. The cost of funds have gone up to 5.5% from 4.9%. The Net NPA fell to 0.68% from 0.95%. The capital adequacy ratio stood at 11.83%. The deposits grew 50% from Rs.34025 crore to Rs.50920 crore of which demand deposit constitute 37%. Advances grew 66% from Rs.19531 crore to Rs.32337 crore.

Result : HDFC Bank

The Bank reported 32% growth in Net Profit for the third quarter ended December 31, 2006 at Rs.295.6 crore as against Rs.224.4 crore for same period last year. Other income was up 26% at Rs.373.3 crore as against Rs.296.1 crore.

Bank of England raises interest rate by 25 basis points

The Bank of England (BoE) unexpectedly raised its benchmark interest rate by a quarter point, its third increase since August as policy makers said the inflation may rise further. The nine member Monetary Policy Committee increased the repurchase rate to a five year high of 5.25% on Thursday.

DCB offers retirment scheme for staff

Development Credit Bank (DCB) has announced an early retirement scheme (ERS) for junior employees. This scheme is applicable to those falling in the categories of senior assistant officers, assistant officers, assistants and the subordinate staff. The be eligible for this scheme, employees either need to be of 40 years of age or should have completed 10 years of service. Out of 2000 employees, around 285 staff currently qualify for this scheme.

RBI gets freedom to fix SLR

In what will give greater operational flexibility to the central bank in the conduct of the monetary policy, the Cabinet on thursday gave its approval to pormulgate an ordinance to amend the Banking Regulation Act 1949. This is expected to release more funds for the industry whose appetite for credit has strained the availability of loanable resources. The central bank will now have complete freedom in fixing the floor and ceiling levels of the statutory liquidity ratio (SLR). At present there is a 25% floor and a 40% ceiling stipulated in the act itself. What is SLR? Statutory Liquidity Ratio which is commanly called SLR is a mandate for banks that says they must keep a stipulated proportion of their total demand and time liabilities, meaning deposits, in the form of liquid assets like cash, gold and approved securities, mostly government securities. Investment in these securities amounts to mandated lending to the government, leaving that much less of the banks' deposits for lending to the commercial sector. At present this is 25%. Implication: Lowering the SLR means banks have more money to lend where they get better yield than SLR securities. Bond Market will weaken as Banks take less Government papers.

Careers in Yes Bank

For a career in Retail Banking & Wealth Management in YES Bank kindly visit www.yesbank.in/careers.htm

Corporation Banks' " Shop, Swipe & Save" offer

Corporation Bank Debit card customers can get 1% cashback on all purchases made by them using the card at merchant establishments (minimum transaction value should be Rs.1000). The reward period starts on 15.01.2007 and will be 100 days long. A customer can get maximum of Rs.1000 during the period.

ICICI Bank's Swipe your card and drive a car

As part of its retail banking initiative. ICICI Bank has introduced a new service of sanctioning car loans in about an hour for its savings bank account customers. " Loans on the Spot" allows a customer to swipe his debit card at the electronic data capture terminals, stationed at dealers' outlets, to check the pre-approved loan offered by the bank. the pre-approval loan offer is made to a customer based on his profile at the bank, taking into account the quarterly average balance and other parameters. The terminal will generate a unique number and a pre-approved slip, which the dealer can use to obtain a sanction from ICICI Bank. In the first phase, ther service will be availabel at Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad, Chandigarh and Jaipur.

Syndicate Bank revises PLR

Syndicate Bank has hiked PLR by 25 basis points to 11.75% wef 03.01.2007

Corporation Bank won ' Niryat Bandhu' award

Corporation Bank has been awarded the prestigious 'Niryat Bandhu'-"Excellence Award" instituted by the Federation of Indian Export Organisation (FIEO).

ICICI banks - Trade Roaming Current Account

A perfect solution to cater to both your international and domestic banking needs. ICICI Bank's Trade Roaming Current Account is a unique amalgamation of domestic banking features of the Roaming Current Account and Global Trade Services, to offer a composite banking solution to exporters and importers. Trade Roaming Current Account is a zero balance account where the client can avail of all the domestic services offered, along with special rates on EXIM services. No commitment of quarterly average balance, Free Inward Remittance, no charges on FIRC or BRC issuance are among its special features. You can also avail of preferred rates on select trade services depending on the trade volume commitment. The least you need to do is to choose the variant suitable for your business, keeping in mind the trade volume. Trade RCA offers efficient and faster inward and outward remittance. It offers all the facilities of domestic banking requirements such as anywhere banking, international business banking debit card, internet banking, phone banking and mobile banking. To open a Trade Roaming Current Account SMS TRCA to 676766, write to corporatecare@icicibank.com for contact nearest ICICI bank branch.

Recruitment - Union Bank of India

Union Bank of India has invited applications for following posts: 1. Deputy General Manager (Economist) Scale-VI Post-1 (General) 2. Assistant General Manager (Corporate Sales Forex) Scale-V Post-1 (General) 3. Manager (Coporate Communications) Scale-II Post-1 (OBC category) 4. Manager (Forex) Scale-II Post-20 (11 for SC, 9 for OBC) for details and application forms kindly visit www.unionbankofindia.com

Barclays Bank to begin operations

Barclays Bank would commence its retail and commercial banking business in the country from this year and expressed its commitment to bring in at least $100 million into this business in 2007. The bank is having licence for 3 branches in India of which one branch in Mumbai is already operational. The other two branches will be in Chennai and Bangalore.

Vijaya Bank hikes PLR by 25 bps

Vijaya Bank has increased its prime lending rate by 25 basis points (0.25%). The hike is effective from 01.01.2007.

Corporation Bank SME excellence award winners

Winners of Corporation Bank's National SME excellence awards >Kamath's Ourtimes Ice Creams Pvt Ltd, Mumbai category: Food & Agro based processing >Pooja Garments, NOIDA category: Textiles & Apparels > G I Ato Pvt. Ltd, Bangalore category: Auto Components >Natural Remedies Pvt. Ltd., Bangalore category: Drugs & Pharmaceuticals >Astral Polytechnik, Ahmedabad category: Other Small & Medium Enterprises >Epicurean Enterprises Pvt. Ltd., Chennai category: Regional SME Excellence Award

Federal Bank's - Federal Easy Gold

Federal Bank has introduced a gold loan product called Federal Easy Gold. which allows any purpose personal overdraft against the pledge of gold ornaments and coins. The customers are allowed a limit of Rs.5 lakh for a period of 36 months.

South Indian Bank - rate hike

South Indian Bank has hiked domestic fixed deposit interest rates. The fixed deposit for 150 days are eligible for 7.5% pa as compared to earlier rate of 6% pa. The interest rates for 300 days deposit will be 8% against the present rate of 6.5%.

YES Bank's 7-11 banking

YES Bank has launched a 7-11 banking service. It has introduced this service only in one branch in Mumbai. The branch would be open from 7 am to 11 pm for six days (Monday to Saturday) a week.

Karnataka Bank raises Deposit rates

The Karnataka Bank Ltd has announced increase in interest rate for domestic term deposit of 181 days to 364 days wef 1st January 2007. The new rates are 7% for deposits below Rs.15 lakh, 7.25% for deposit above 15 lakh and below Rs.50 lakh, 7.50% for deposit above Rs.50 lakh and below Rs.5 crore.

Tamilnad Mercantile Bank's "Time Double"

Tamilnad Mercantile Bank (TMB) has introduced a new deposit scheme called ' Time Double' in which double the amount invested will be paid back after a specific term. The amount will be doubled after 8 years and 3 days for the general public and 7 years 9 months and 14 days for senior citizens. The general public will get a rate of interest of 8.75% pa and senior citizens 9% pa. The deposit will be accepted with a minimum amont of Rs.1000 and in multiple of Rs.1000.

Lakshmi Vilas Bank - Rights Offer - Invest

Hindu Business Line (07-01-2007) Shareholders can consider subscribing to the Lakshmi Vilas Bank's rights offer, which is at a considerable discount to the prevailing market price. The offer is priced at Rs 50 per share against the current market price of Rs 82 and the post-rights book value is about Rs 83. The price, thus, appears attractive offering considerable scope for appreciation. LVB is a small-size old private sector bank with a strong presence in South India; 70 per cent of its branches are in Tamil Nadu. It has a deposit base of about Rs 4,850 crore and advances of about Rs 3,500 crore. The bank's performance, which lagged the industry between 2003 and 2005, now appears to be improving. For the first six months of FY-07, it grew its deposits 32 per cent, while credit growth was 49 per cent. Capital constraints during the corresponding previous period had resulted in a subdued performance. Reducing bad loans The bank has initiated several measures in the recent past to achieve volume-led growth, operational efficiency and improve risk management efforts. By streamlining operations at the branch level and sharpening focus on asset management, it has been able to reduce its bad loans significantly; the level of net non-performing assets (NPAs) has fallen from 4.6 per cent in September 2005 to 1.5 per cent now. A combination of faster recoveries, upgrades and securitisation, has worked to its advantage. Actual cash recoveries towards NPAs in FY-06 were Rs 142 crore — well above the targeted Rs 75 crore. If the bank manages to sustain the pace of recoveries and prevent creation of bad loans, it may over the next few quarters wipe out the Rs 53 crore in bad loans. Profitability picture High cost of funds and greater dependence on treasury gains have been principal factors affecting the bank's profitability in the past. The cost of funds has been largely on account of higher proportion of term deposits. Term deposits accounted for 74 per cent of LVB's total deposits over the last five years. That the proportion has remained around the same level is of concern as it is likely to push up funding costs further. LVB's focus on retail banking may, however, offer some comfort. This coupled with initiatives aimed at financial inclusion are expected to help it improve its share of low-cost deposits, which now stand at 23 per cent. Lower contribution from treasury operations and rising share of non-fund based income are likely to have a positive rub-off on the bank's earnings. Though the growth in fee income has been lower than that of some of its peers, it offers huge potential. Its recent tie-ups with insurance companies and mutual funds for distribution of financial products is expected to boost fee income and, thereby, improve profitability. Asset-liability structure LVB has all its liabilities under fixed rate, while about 41 per cent of its advances are contracted at floating interest rates. As interest rates are likely to show an upward bias in the near/medium-term, the asset-liability structure of the bank ensures protection on the downside. Though the bank's incremental cost of funds may be higher, corresponding higher yields on advances along with fixed outgo on existing liabilities are likely to protect its margins. As the bank has over 70 per cent of its investments in SLR under the held-to-maturity category, its bond book appears to be largely insulated against market risks. LVB is likely to be an attractive candidate in the ongoing consolidation in the banking industry. Its strong regional presence, wider reach in semi-urban and rural areas and a relatively clean balance-sheet that is likely to grow, may place a premium on its valuations, in the event of a takeover.

SBI offers higher rates for deposit of Rs.15 lakh to Rs.1 crore

State Bank of India will offer higher interest rates on deposits of certain size and maturity for the next three months. The bank has increased rate on domestic term deposits of Rs 15 lakh and above but less than Rs 1 crore having maturity of one year and above to 8.25 per cent, effective January 8. The revised offer will be only up to March 31. At present the rates for this mid-size deposits range from 7.75 per cent to 8.25 per cent across various maturities. The move is expected to help the bank to shore up its deposits in the current fiscal. A senior SBI official said the bank does not want to be aggressive in the bulk deposit segment, that are above Rs 1 crore, but is looking for "more stable and less demanding deposits". Similarly, in case of deposits below Rs 15 lakh the cost of mobilisation is higher, which is why the bank is offering higher interest rate for this particular segment of deposits, he said. Also, as the liquidity in the banking system is expected to ease post-April, the bank is offering the higher rate only up to March 31, the official added. In December, SBI had raised rates on term deposits of various maturities, starting from deposits of seven days, by 25-75 basis points. The bank had also raised its prime-lending rate by 50 basis points to 11.5 per cent last month. According to industry experts, this is a good move by SBI as a business proposition. Increasing the share of deposits below Rs 15 lakh would become unwieldy, due to large number of deposits.

New Rs.2 coin in circulation soon

The Reserve Bank will shortly put into circulation a new Rs. 2 coin with modified features under the theme 'unity in diversity'. The central portion of the new coin bears the 'Lion Capitol' of Ashoka Pillar along side the numeral '2' to indicate the denomination. The new coin is devoid of India's map, instead a stylised symbol portraying the country's diverse yet unified fabric is inscribed on the reverse portion.

Union Banks - Union Double Plus

Union Bank of India has entered into an agreement with LIC to offer 'Union Double Plus', a group insurance scheme for the bank's fixed deposit customers. All fixed deposit account holders, including the bank staff, in the age group of 18-55 would be eligible to join the Union Double Plus Scheme. The insurance cover is limited to the difference between the maturity value of the deposit and the accumulated amount in the account, including interest at any policy anniversary subject to a maximum of Rs.5 lakh, the bank said. The fixed deposit account holder will be charged the single premium for the entire term of the deposit (ranging grom 93 months to 105 months) at the time of entry into the scheme.

China's ICBC to buy Bank Halim

China's top lender, Industrial and Commercial Bank of China, has signed an agreement to buy a 90% stake in PT Bank Halim Indonesia, its first overseas acquition. ICBC raised US$19 billion in the world's largest IPO in October 06 and later lifted the amount to over US$21 billion by exercising an over allotment option.

Recruitment-Vijaya Bank

Vijaya Bank has declared vacancies of specialist officers: last date for application : 03.02.2007 kindly visit www.vijayabank.com for further details

Recruitment

Punjab National Bank HRD DIVISION, HEAD OFFICE 7, Bhikaiji Cama Place, New Delhi-110066 Last date for Receipt of Applications : 05.02.2007 Last date for Receipt of Applications from far-flung areas : 17.02.2007 Date of Written Examination : 29.04.2007 PUNJAB NATIONAL BANK INVITES APPLICATIONS FROM INDIAN CITIZENS FOR FOLLOWING POST: 1. Name of Post : CLERK 2. Total No. of Vacancies for all the Nine States together: 227 STATEWISE BREAK-UP GIVEN BELOW State SC ST OBC General Total Out of which OC HI VI EXSM Bihar 30 -- 21 09 60 01 01 -- 06 Chhattisgarh -- -- 01 08 09 -- -- -- 01 HP 09 -- 04 04 17 01 -- -- 02 J&K -- 05 03 -- 08 -- -- -- -- MP -- 04 03 14 21 -- -- 01 02 Orissa -- 01 01 03 05 -- -- -- -- Rajasthan 04 06 10 25 45 -- 01 -- 05 UP 11 05 14 17 47 -- -- 01 05 Uttaranchal -- 01 05 09 15 -- -- -- 01 Total 54 22 62 89 227 02 02 02 22 NOTE : Abbreviations stand for: SC - Scheduled Caste, ST - Scheduled Tribe, OBC - Other Backward Classes, GEN-General Category, OC: Orthopaedically Challenged, HI - Hearing Impaired, VI – Visually Impaired, EXSM – Ex-Servicemen. NOTE: (A) Candidates belonging to reserved categories for which no vacancy has been announced are free to apply against vacancies announced for Unreserved/General category. (B) Applications received for posts which are not advertised at all or post not advertised in a particular State will not be entertained. (C) The recruitment would be on State-wise basis. Candidates can apply for vacancies in one State only and have to appear for the examination from a center of that particular State. As the reservation for VI/HI/OC and Ex-Servicemen candidates is on horizontal basis, the selected candidates will be placed in the appropriate category to which the candidate belongs. 3. Scale of Pay : Rs. 4,410/- – 13,210/- 4.Minimum Qualification : Pass with 60% marks in 10+2 examination or its equivalent OR a degree in any discipline from a recognized University. For SC/ST/ Ex-Servicemen/PC Category candidates Pass with 50% marks in 10+2 examination or its equivalent OR a degree in any discipline from a recognized University. 5. Age (As on 01.01.2007) : Minimum 18 years Maximum 28 years 2. Relaxation in upper Age Limit:- (i) Scheduled Caste/Scheduled Tribe Candidates by 5 years. (ii) Other Backward Classes candidates by 3 years (iii) Physically Challenged candidates by 10 years (iv) Ex-Servicemen by 3 yrs in addition to the actual period of service rendered in Defence services subject to a maximum age of 50 years. (v) All persons who are ordinarily been domiciled in Kashmir Division of J & K State during 01.01.80 to 31.12.89 by 5 years. (vi) Widows, Divorced women & women judicially separated from their husbands & who are not remarried by 9 years subject to maximum age limit of 35 years for General and 40 years for SC/ST candidates. (vii) Regular employees of the Union Carbide Factory, Bhopal retrenched from service (applicable to Madhya Pradesh state only) by 05 years. 3. ELIGIBILITY CRITERIA:- NATIONALITY/ CITIZENSHIP: A candidate must be either i) a Citizen of India or ii) a subject of Nepal or iii) subject of Bhutan or iv) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India or v) a person of Indian origin who has migrated from Pakistan,Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India. Provided that a candidate belonging to categories (ii), (iii), (iv) & (v) above shall be a person in whose favour a certificate of eligibility has been issued by the Government of India. A candidate in whose case a certificate of eligibility is necessary, may be admitted to the examination/interview conducted by the Bank but on final selection, the offer of appointment may be given only after the necessary eligibility Certificate has been issued to him by the Government of India. Definition of Ex-Serviceman (EXSM) : (i) Only those candidates shall be treated as Ex-Servicemen who fulfill the revised definition as laid down in Govt. of India, Ministry of Home Affairs, Dept. of Personnel & Administrative Reforms Notification No.36034/5/85/Estt (SCT) dated 27.10.1986 as amended from time to time. (ii) Disabled Ex-Servicemen (DISXS): Ex-Servicemen who while serving in Armed Forces of the Union were disabled in operation against the enemy or in disturbed areas shall be treated as DISXS. (iii) Dependents of Ex-Servicemen killed in action (DXS): Servicemen killed in the following operations would be deemed to have been killed in action attributable to military service (a) war (b) war like operations or Border Skirmishes either with Pakistan on cease fire line or any other country, (c) fighting against armed hostiles in a counter insurgency environment, viz. Nagaland, Mizoram, etc. (d) serving with peace keeping mission abroad, (e) laying or clearance of mines including enemy mines as also mine sweeping operation between one month before and three months after conclusion of an operation, (f) frost bite during actual operations or during the period specified by the Government, (g) dealing with agitating para military forces personnel, (h) IPKF Personnel killed during the operations in Sri Lanka. Note: (1) Candidates still serving in Defence Services and desirous of applying under Ex-Servicemen category should submit a certificate from the competent authority that they would be released/retired on or before 01.08.2007 and (2) Ex-servicemen candidates who have already secured employment under the Central Govt. in Group ‘C’ & ‘D’ will be permitted the benefit of age relaxation as prescribed for Ex-Servicemen for securing another employment in a higher grade or cadre in Group ‘C’/’D’ under the Central Govt. However,such candidates will not be eligible for the benefit of reservation for Ex-Servicemen in Central Govt. jobs. D. Reservation for Physically Challenged Persons (PC) : Definition of Categories of disabilities is given hereunder:- 1. An Orthopaedically Challenged person is one suffering from Locomotor Disability or Cerebral Palsy. Persons would be eligible for reservation in services/ posts who suffer from not less than 40% of relevant disability and is certified by a Medical Board appointed by the Centre/ State Govt. Locomotor Disability :- “Locomotor Disability” means disability of the bones, joints or muscles leading to substantial restriction of the movement of the limbs or any form of cerebral palsy. Cerebral Palsy:- “Cerebral Palsy” means a group of non-progressive conditions of a person characterized by abnormal motor control posture resulting from brain insult or injuries occurring in the pre-natal, peri- natal or infant period of development. 2. Deaf & Hearing Impaired (HI): The Deaf are those persons in whom the sense of hearing is non-functional for ordinary purposes of life, i.e. total loss of hearing in both ears. They do not hear; understand sounds at all even with amplified speech. Hearing impairment means loss of sixty decibels or more in the better ear in the conversational range of frequencies. 3. Visually Impaired : The Visually Impaired persons are those with following disability : Blindness or low vision – “Blindness” refers to a condition where a person suffers from any of the following conditions: (i) Total absence of sight (ii) Visual acuity not exceeding 6/60 or 20/200 (Snellen) in the better eye with correcting lenses, (iii) Limitation of the field of vision subtending an angle of 20 degree or worse. “Person with low vision” means a person with impairment of visual functioning even after treatment or standard refractive correction but who uses or is potentially capable of using vision for the planning or execution of a task with appropriate assistive device. The visually impaired candidates and candidates whose writing speed is affected by cerebral palsy can use their own scribe at their cost during the written examination. In all such cases where a scribe is used, the following rules will apply : i) The candidate will have to arrange his/her own scribe at his/her own cost. ii) The academic qualification of the scribe should be one grade lower than the stipulated eligibility criteria iii) The scribe should be from any academic discipline. The scribe should possess 60% or lesser marks. iv) Both the candidate as well as the scribe will have to give a suitable undertaking, confirming that the scribe fulfils all the stipulated eligibility criteria for a scribe as mentioned above. Further, in case it later transpires that he/she did not fulfill any of the laid down eligibility criteria or suppressed material facts, the candidature of the applicant will stand cancelled, irrespective of the result of the written examination. v) Such candidates who use a scribe shall be eligible for extra time of 20 minutes for every hour of the examination. 4. SELECTION PROCEDURE (a) All eligible candidates should apply in the prescribed Application format given at the end of this advertisement to reach on or before the last date for receipt of applications. Applications received after the last date will not be considered. (b) Selection will be made on the basis of performance in the Written Test and Interview. Merely satisfying the eligibility norms does not entitle a candidate to be called for Test or Interview. (c) The Written Test will be Objective and Descriptive type. The questions in objective tests and Descriptive Paper will be printed in bilingual, i.e. English and Hindi except for the Test of English. The candidates will have the option to answer the Descriptive paper either in English or Hindi or Official Language of the State. There will be negative marks for the wrong answers in the Objective Tests. The Written Test for the candidates will be held on Sunday, the 29th April, 2007 at the following centers : Sr. No. Name of Centre State Name Centre Code No Name of Centre 1 01 Bihar 11 Patna 2 02 Chhattisgarh 12 Raipur 3 03 HP 13 Shimla 4 04 J&K 14 Jammu 5 05 MP 15 Bhopal 6 06 Orissa 16 Bhubaneswar 7 07 Rajasthan 17 Jaipur 8 08 UP 18 Lucknow 9 09 Uttaranchal 19 Dehradun - Bank, however, reserves the right to cancel any of the above mentioned Centres and/ or add some other Centres, depending upon the response of the candidates, administrative feasibility, etc. The Bank also reserves the right to allot the candidate to any of the Centres other than the one he/she has opted for - The Candidates will appear for the written examination at the allotted Centre from the State for which he/she has applied at their own expenses and risks and the Bank will not be responsible for any injury or losses etc. of any nature. (e) Pre-Examination Training It is proposed to impart free Pre-Examination Training to a limited number of candidates belonging to Scheduled Castes/Scheduled Tribes/Minority Communities /Ex-servicemen candidates on “First come first serve basis”. An eligible candidate who wishes to avail Pre-Examination Training should fill in the relevant column in the Application format. All expenses regarding traveling, boarding, lodging etc. will be borne by the candidate for attending the Pre-Examination Training programme at the concerned Pre- Examination Training Centre. 5. Application Fee and Postage Charges (Non-refundable) : (i) Candidate belonging to SC/ST/PC/ Ex-servicemen Categories, there is no application fees excepting postage charges of Rs.50/-. (ii) For all others categories, including OBC/Dependents of servicemen killed in action, the application fee is Rs. 100/- + postage charges Rs.50/- = Total Rs. 150/-. (iii) Application fee including postage should be paid by a single Demand Draft/ Bank Pay order issued by a Scheduled Commercial Bank to be drawn on “PNB RECRUITMENT A/C – CLERICAL PROJECT” payable at Mumbai (SC/ST/PC/EXSM candidates -Rs.50/- and for General Category /OBC category candidates - Rs.150/- only). (iv) Candidates must write his/her name and address on the reverse side of the Bank Draft/ Bank Pay order. Candidates may please note that payment of application fee by Cash /Cheques/Money Order/ Postal stamps etc. will not be accepted. 6. GENERAL INSTRUCTIONS a) The Bank takes no responsibility for any delay in receipt or loss in postal transit of any application or communication. b) All candidates must submit self attested photocopies of the prescribed certificates in support of their educational qualification, experience, date of birth, caste/community certificate/certificate of Disability issued by the competent authority, as specified in Para 7. Candidates shall produce original caste/ relevant certificates at the time of interview,failing which his/her candidature will be cancelled. The applications are to be sent strictly as per the prescribed format given at the end of this advertisement and is properly and completely filled alongwith the application fee/postage. c) Before applying for the post of Clerk, the candidate should ensure that he/she fulfils the eligibility and other norms mentioned in this advertisement. The Bank would be free to reject any application, at any stage of the Recruitment Process, if the candidate is found ineligible for the post for which he/she has applied. The decision of the Bank regarding eligibility of the candidates, the stage at which scrutiny of eligibility is to be undertaken,qualifications and other eligibility norms, the documents to be produced for the purpose of conduct of interview/selection etc. and any other matter relating to recruitment will be final and binding on the candidate. No correspondence or personal enquiries shall be entertained by the Bank in this behalf. . If any of these shortcomings is/are detected even after appointment, his/her services are liable to be terminated d) An application not accompanied by Application Fee, relevant certificates as mentioned above or not in the prescribed Application format or not signed by the candidate or incomplete in any respect will not be entertained. e) Applications once made will not be allowed to be withdrawn and the application fee,postage once paid shall not be refunded nor shall it be held in reserve for any other examination. f) A recent, recognizable colour passport size photograph should be firmly pasted on the application and should be signed across by the candidate. Three copies of the same photograph should be retained for use at the time of written examination and interview. Candidates are advised not to change their appearance till the recruitment process is complete. Failure to produce the same photograph at the time of the written test/interview may lead to disqualification. g) Candidates who are in employment will be required to produce a "No Objection Certificate" from their employer at the time of interview, in the absence of which their candidature may not be considered. Advance copy of the application alongwith original Demand Draft may be sent to the addressee within the stipulated time. h) Any resulting dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts situated at NCT of Delhi. i) No Traveling Allowance is payable to candidates who are called for the written test. However, only successful SC/ST/PC Candidates in the Written Test who are called for interview will be paid actual 2ND Class to and fro Rail/Bus fare by the shortest route on production of evidence of travel, i.e Railway Receipt/Ticket(s) for attending the interview. j) No candidate is permitted to use Calculators, Mobile Phones, Pagers or any other instruments in the Examination Hall. k) Canvassing in any form will be a disqualification. l) The above openings are only in rural and remote areas of State of Bihar, Chhatisgarh, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Orissa, Rajasthan, UP, and Uttaranchal. Candidates willing to work at remote/ rural areas of above States till their promotions to Officer cadre, need alone apply. m) As the applications are to be processed by a computerized system, it is essential that the application is strictly in accordance with the prescribed format and properly and completely filled and contains no correction/alternation/over writings. n) A candidate must fill the application form in CAPITAL LETTERS IN HIS/ HER OWN HANDWRITING IN ENGLISH ONLY. o) Any request for change of address will not be entertained. p) The Bank takes no responsibility to connect any Certificate/Remittance sent separately. q) In case any dispute arises on account of interpretation of version other than English,English version will prevail. 7. THE COMPETENT AUTHORITY FOR THE ISSUE OF THE CERTIFICATE TO SC/ST/OBC/PC IS AS UNDER : (a) For SC/ST/OBC : District Magistrate/Additional Dist. Magistrate/Collector/ Deputy Commissioner/Additional Dy. Commissioner/Dy. Collector/ First Class Stipendary Magistrate/Sub-Division Magistrate/Taluka Magistrate/ Executive Magistrate/Extra Assistant Commissioner/Chief Presidency Magistrate/ Additional Chief Presidency Magistrate/ Presidency Magistrate/Revenue Officer not below the rank of Tahsildar/Sub-Divisional Officer of the area where the candidate and/or his/her family normally resides. (b) For Physically Challenged : Authorized Certifying Authority will be a Medical Board duly constituted by the Central/State Govt. having at least 3 members consisting of Chief Medical Officer, Sub-Divisional Medical Officer in the District and an Orthopedic Surgeon, Ophthalmology Surgeon, ENT Surgeon as the case may be. 8. HOW TO APPLY:- APPLICATIONS COMPLETE IN ALL RESPECTS SHOULD BE SENT ONLY BY ORDINARY POST TO PNB CLERICAL RECRUITMENT PROJECT- 2007, POST BOX No.7458, JOGESHWARI (E), MUMBAI 400 060 9. LAST DATE FOR RECEIPT OF APPLICATIONS THE APPLICATIONS SHOULD REACH THE ABOVE ADDRESS I.E. POST BOX NO.7458, JOGESHWARI (E), MUMBAI 400 060 ON OR BEFORE 05.02.2007. For the candidates staying abroad and for those posting applications from Andaman & Nicobar Islands, Lakshdweep, Assam, Meghalaya, Arunachal Pradesh, Mizoram, Manipur, Nagaland, Tripura, Sikkim, Ladakh Division of J & K State, Lahaul and Spiti district and Pangi Sub Division of Chamba District of Himachal Pradesh, the last date for receipt of applications will be 17.02.2007. An application received after the last date will not be entertained by the Bank. The Bank will not be responsible for loss of application in transit or for rejection of application because of non-receipt of application on or before the stipulated last date. 10. CALL LETTERS FOR THE WRITTEN EXAMINATION The date of the Written Examination for Clerical post has been tentatively fixed for 29.04.2007 (Sunday). However, the date of Examination shall be intimated in the Call Letter alongwith the Centre/Venue address. All eligible candidates will be issued Call letters at the correspondence address given by the candidate in their application form, which will be sent by post. An eligible candidate who does not receive the Call letter by 21.04.2007 should contact the Punjab National Bank at the following address indicating his/her name, address, details of Demand Draft etc. for issuance of duplicate Call letter. Duplicate call letters will be issued at the following addresses between 25.04.2007 and 28.04.2007. S.No Address with Telephone/Fax No. 1. Zonal Office: R Block Chankya Place, Patna – 800001 Tel.No. 0612 – 2221813, 2223512 Fax No. 0612 - 2235157 2. Zonal Office: Madina Manzil, Medical College Rd, Kachahari Chowk, Raipur – 492001 (Chattisgarh) Tel.No. 0771- 2229389, 2228231 Fax No. 0771 – 2224559 3. Zonal Office: Regent House, The Mall, Shimla – 171001 Tel.No. 0177- 2657548, 2657545 Fax No 0177 – 2658331, 2653585 4. Zonal Office: High Land Tower, Rail Head Complex, Jammu – 180012 Tel.No. 0191- 2471585, 2470333, 2471716 Fax No. 0191- 2475271 5. Zonal Office: PNB Building, Arera Hills, Bhopal – 462011 Tel.No. 0755 - 2762574 Fax No. 0755 - 2558028 6. Zonal Office: Plot No. 116, 1st Floor, Station Square, Bhubaneswar – 751001 Tel.No. 0674 - 2533541 Fax No. 0674 - 2534506 7. Zonal Office : PNB House, 2 Nehru Place, Tonk Road, Jaipur – 302015 Tel.No. 0141- 2743123, 2743042 Fax No. 0141- 2743123 8. Zonal Office: Nav Chetna Kender, 10 Ashok Marg, Lucknow – 226001 Tel.No. 0522- 2286833, 2286835 Fax No. 0522- 2286831, 2286834 9. Zonal Office : PNB House, Paltan Bazar, Clock Tower, Dehradun – 248001 Tel.No. 0135- 2716133, 0135- 2710250 Fax No. 0135- 2716110 The above advertisement can also be viewed and Application Format downloaded from the Bank’s Website:-www.pnbindia.com ASSTT. GENERAL MANAGER (HRD) PUNJAB NATIONAL BANK