State Bank of India(SBI) recruitment for post of Chief Officer (Security), Salary Rs 31.2 Lacs

The position of Chief Officer (Security) at State Bank of India (SBI) is open. Below are all the details pertaining to this recruiting. Candidates who are interested and qualified may apply using the link below.

Job Profile

• Drawing up security policies of the Bank and arranging for their review.
• Ensuring maintenance of the security systems in the Bank in a state of high efficiency – as the Head of Bank’s security
• function.
• Providing specialised and professional support to the Top Management in all security related matters for ensuring
• security and safety of Bank’s property, customers and staff, always.
• Vetting Disaster Recovery Plan for Corporate Centre Departments/ Establishments, from security angle.
• Ensure adequate training of all security officers and Bank Guards.
• Provide support to the Top Management in ensuring a proper promotion and posting profile of all security officials.
• Enhancing security consciousness in the Bank.
• Ensure security audit of all Local Head Office Premises and Corporate Centre establishments.

Important Dates

Important Events	Dates
Commencement of Online Registration of Application	01.02.2025
Closure of Registration of Application	24.02.2025
Closure for Editing Application Details	24.02.2025
Last Date for Printing Your Application	21.03.2025
Online Fee Payment	01.02.2025  to  24.02.2025
Last Date for Printing Call Letter (if shortlisted for interview)	N/A

SBI Chief Officer (Security) Recruitment Details

Vacancy	1
Minimum Age	NA
Maximum Age	57 years as on as on 31/12/2024
Maximum CTC	Rs. 31,20,000/-
Contract Period	03 Years + 02 Years

Basic requirement

• An officer served in the Rank of Brigadier or above in Indian Army. Or
• An officer served in the Rank of Commodore or above in Indian Navy. Or
• An officer served in the Rank of Air Commodore or above in Indian Air Force. Or
• An officer served in the Rank of Inspector General or above in Indian Police Service or Para-Military Services.

Selection Process

The selection will be based on shortlisting, Interview & CTC related negotiations.

• Shortlisting: Mere fulfilling minimum experience will not vest any right in candidate for being called for interview. The shortlisting committee constituted by the Bank will decide the shortlisting parameters and thereafter, adequate number of candidates, as decided by the Bank, will be shortlisted for interview. The decision of the Bank to call the candidates for the interview shall be final. No correspondence will be entertained in this regard. The shortlisted candidates will be called for interview.
• Interview: Interview will carry 100 marks. The qualifying marks in interview will be decided by the Bank. No correspondence will be entertained in this regard.
• CTC Negotiation: CTC related Negotiation will be done one-by-one, with the candidates in order of the merit list drawn on the basis of marks obtained in the interview.

Notification PDF -  Click Here

Apply Online Link - Click Here

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How much tax will salaried save on income after Budget 2025?

Salaried people will be able to save up to Rs 1,14,400 in income tax thanks to the new income tax bands that are envisaged under the new tax regime in Budget 2025. The income tax savings are based on the assumption that, under the new tax regime, an individual is only claiming a standard deduction of Rs 75,000. By claiming a deduction on his employer's National Pension System (NPS) payment, a salaried individual can save more money on taxes.

The proposed increased income tax slabs under the new tax regime will result in additional tax savings for salaried employees, according to this EY analysis. Under the new tax system, it is presumed that he or she will claim a standard deduction of Rs 75,000.

Gross taxable income	Current income tax payable	Proposed income tax payable	Income tax saved after Budget 2025
Rs 12,75,000	Rs 83,200	0	Rs 83,200
Rs 15,00,000	Rs 1,30,000	Rs 97,500	Rs 32,500
Rs 16,00,000	Rs 1,53,400	Rs 1,13,100	Rs 40,300
Rs 20,00,000	Rs 2,78,200	Rs 1,92,400	Rs 85,800
Rs 24,75,000	Rs 4,26,400	Rs 3,12,000	Rs 1,14,400
Rs 25,00,000	Rs 4,34,200	Rs 3,19,800	Rs 1,14,400

As per analysis, taxpayers opting for the new tax regime in the current FY 2024-25 will save more in the upcoming FY 2025-26 due to changes proposed in the income tax slabs under the new tax regime.

Budget 2025 has made significant changes to income tax slabs under the new tax regime while keeping the tax slabs unchanged in the old tax regime. This demonstrates that the government wants to encourage wider adoption of the new tax regime to ease the burden on both the taxpayers and the income tax authorities. The proposed changes will provide much needed tax relief to the lower and middle income bracket taxpayers. Now a salaried taxpayer whose net taxable income is Rs 12 lakh will pay NIL tax due to the enhanced tax rebate proposed in the Budget 2025. Even those taxpayers who fall in 30% tax bracket will now save taxes of Rs.1,14,400 (including cess) due to recalibration of the income tax slabs. For FY 2023-24, about 72% of the taxpayers opted for new tax regime. With the proposed changes in Budget 2025, it is expected that even a higher percentage of individual taxpayers will opt for new tax regime going forward."

Income Tax Calculator for 2025-26

Individuals opting for old tax regime

Individuals opting for the old tax regime will now have to claim minimum deductions/exemptions of up to Rs.8.5 lakh (including standard deduction of Rs.50,000) in a financial year. This amount of deduction is necessary so that the individual pays the same amount of tax under the old and proposed new tax regime.

Gross taxable income	Income tax payable under old tax regime	Proposed income tax under new tax regime	Deductions to pay same tax in both tax regimes
Rs 12,75,000	Nil	Nil	Rs 7,75,000
Rs 15,00,000	Rs 97,500	Rs 97,500	Rs 5,93,750
Rs 16,00,000	Rs 1,13,100	Rs 1,13,100	Rs 6,18,750
Rs 20,00,000	Rs 1,92,400	Rs 1,92,400	Rs 7,58,333
Rs 24,75,000	Rs 3,12,000	Rs 3,12,000	Rs 8,50,000
Rs 25,00,000	Rs 3,19,800	Rs 3,19,800	Rs 8,50,000

If the salaried taxpayer claims lower deductions than the amounts mentioned above, then he will pay more tax in old tax regime as compared to new tax regime.

In the last budget, an individual taxpayer was required to claim the minimum deduction of Rs 4,83,333 to ensure that the tax payable in both the tax regimes remains the same. This includes standard deduction of Rs 50,000 under the old tax regime.

Hitesh Sharma, Partner, Vialto Partners, says, "The proposed amendments are likely to give a significant boost to taxpayers opting for the new tax regime (NTR). With the tax-free income limit now raised to Rs.12 lakh (Rs.12.75 lakh for salaried individuals) and revised slabs reducing overall tax liability, middle-class income group stand to gain the most. In FY 2023-24, 72% of taxpayers had already opted for NTR, up from 66% in the previous year. While this trend is likely to continue, taxpayers who benefit from deductions (such as HRA, home loans and investments) may still prefer the old tax regime. The proposed amendments would increase the spendable income and encourage tax filing compliance; however, it could also possibly contribute to discouraging investments in savings schemes."

Income Tax Calculator for 2025-26

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Expected DA for Bankers from February 2025

 

Expected DA Calculation Updated on 06.01.25 on the basis of CPI for the month of Nov'24 with the assumptions of CPI for the next month (Dec'24) as mentioned hereunder, as per the DA calculation norms of 12th BPS on revised basic pay. The CPI for the month of Nov'24 which was due to be released on 06.01.25 announced on 06.01.25 as 144.50 without any change in CPI from Oct'24. 

On assumptions if there is an increase of CPI index by 0.90 points in the month of Dec'24, keeping in view of on going regular rise in prices of commonly required daily needs / items and commodities which is making month over month difficult to manage family budget. Accordingly, on this assumption, we may expect there would be an increase of 1.94% DA in terms of 12th BPS on revised pay. Total 21.77% DA will become payable from Feb'25.

On assumptions if there is an increase of CPI index by 0.70 points each in the next months, we may expect there would be an increase of 1.87% in terms of 12th BPS on revised pay. Total 21.70 percentage of DA will become payable from Feb'25.

On assumptions if there is an increase of CPI index by 0.60 points in the month of Dec'24, we may expect would be an increase of 1.84% in terms of 12th BPS on revised pay. Total 21.67 percentage of DA will become payable from Feb'25.

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Central Bank of India Released Recruitment of Credit Officer for 1000 Posts

 

The formal announcement for the hiring of Credit Officers has been released by the Central Bank of India. 

The Central Bank of India Credit Officer Recruitment 2025 has 1,000 openings in total. The online application process will be available from January 30, 2025, to February 20, 2025. The announcement was made public on January 30, 2025. Applications for the Central Bank Credit Officer Recruitment 2025 are accepted from qualified applicants via the centralbankofindia.co.in website.

Central Bank Credit Officer Recruitment 2025 Important Date

• Apply Online Start Date: 30 January 2025
• Last Date to Apply: 20 February 2025
• Last Date for Fee Payment: 20 February 2025
• Exam Date: To be released

Central Bank Credit Officer Recruitment 2025 Application Fee

• General / OBC / EWS: Rs. 750/-
• SC / ST / PWD: Rs. 150/-
• Mode of Payment: Online

Central Bank Credit Officer Recruitment 2025 Age Limit

• Minimum Age: 20 Years
• Maximum Age: 30 Years
• Age Limit as on 30/11/2024
• The age relaxation will be given as per the rules.

Central Bank Credit Officer Recruitment 2025 Educational Qualifications

Post Name	Qualification
Credit Officer	Graduate (60% UR/EWS, 55% Other)

Central Bank Credit Officer Recruitment 2025 Vacancy Details

Post Name	Vacancy
Credit Officer	1000  (UR-405, SC- 150, ST-75, OBC-270, EWS-100)

Central Bank Credit Officer Recruitment 2025 Selection Process

The Central Bank Credit Officer Recruitment 2025 selection process includes the following stages:

• Written Exam
• Documents Verification
• Medical Test

Central Bank Credit Officer Recruitment 2025 Exam Pattern

Subject	Questions	Marks
Reasoning	30	30
English	30	30
GK (Banking)	30	30
Quantitative Aptitude	30	30
Total	120	120

Central Bank Credit Officer Recruitment 2025 Notification PDF & Apply Online Form Link

Notification PDF	Click Here
Apply Online	Click Here

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PSU Bank Employees Protest Against Perquisite Tax

Employees of Punjab National Bank (PNB) in Churu staged a forceful demonstration outside the bank branch close to Dharmastupa on Wednesday. The protest was planned in reaction to the bank's new loan issue circular and the implementation of the perquisite tax. Workers are required to pay taxes on loans with low interest rates. Some employees are even receiving negative salaries as a result of this.

In contrast to other banks, PNB should also pay the perquisite tax itself, the protesting staff said, expressing their displeasure with the added tax load. The workers claim that their morale is suffering as a result of this additional financial burden. 

Also Read- Top 10 Mobile Banking Applications in India

They particularly highlighted the difficulties faced by officers enrolled in the new pension scheme, who are already deprived of the benefits provided under the old pension scheme. These officers, they said, would face even more challenges due to the new tax burden.

In addition to the tax issue, the employees also voiced strong opposition to a recent circular issued by the bank’s management concerning loans. They argued that the new circular would financially harm the employees and called for its immediate cancellation. The protesters demanded that the management create policies that ensure the financial well-being and stability of the employees.

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City Union Bank Q3 Net profit rises 13%

Compared to Rs.253 crore during the same period previous year, City Union Bank's net profit for the third quarter of FY25 increased by 13% year over year (YoY) to Rs.286 crore. During the October–December period, the bank's net interest income (NII) increased by 14%, from ₹516 crore YoY to Rs.587.7 crore.

With gross non-performing assets (GNPA) falling to 3.36% from 3.54% in the prior quarter (QoQ), the lender claimed an improvement in asset quality. In a similar vein, net NPA (NNPA) decreased from 1.62% QoQ to 1.42%.

For the second quarter of FY25, the private sector lender posted a net profit of Rs.285.2 crore. In the September quarter, net interest income (NII) increased by 8.2%. GNPA decreased from 3.88% to 3.54% in Q1.

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DCB Bank Q3 Net profit grows 20%

For the third quarter ending December 31, 2024, private sector lender DCB Bank Ltd. announced a 19.6% year-over-year (YoY) growth in net profit at Rs.151.4 crore on Friday, January 24. In the same quarter of the previous fiscal year, the Vabk reported a net profit of Rs.126.6 crore.

The difference between a bank's interest income from lending and the interest it pays depositors is known as net interest income (NII), and it increased 14.5% to Rs.543 crore from Rs.474 crore in the same quarter of FY24.

In the December quarter, the gross non-performing asset (GNPA) ratio was 3.11%, compared to 3.29% in the September quarter. In comparison to 1.17% quarter-over-quarter (QoQ), net non-performing assets (NNPA) were 1.18%.

Also Read - Quarterly Financial Results of All banks for Q3FY25

In the December quarter, the gross non-performing asset (GNPA) ratio was 3.11%, compared to 3.29% in the September quarter. In comparison to 1.17% quarter-over-quarter (QoQ), net non-performing assets (NNPA) were 1.18%.

As of December 31, 2024, DCB Bank recorded a strong 23% YoY rise in advances and a 20% YoY growth in deposits. While PCR excluding gold loan non-performing assets (NPAs) was slightly higher at 75.56%, the provision coverage ratio (PCR) was 74.76%.

With a capital adequacy ratio of 16.29% in accordance with Basel III standards, the bank maintained a healthy capital position. This comprised a 13.54% Tier I capital ratio and a 2.75% Tier II capital ratio. For Q3FY25, the cost-to-average-assets ratio was 2.59% and the credit cost was 0.38%, according to key efficiency and cost criteria. 

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Bandhan Bank Q3 results: Net profit falls 42%

 

On January 31, Bandhan Bank announced a 42% drop in net profit for the quarter that ended on December 31, 2024, to Rs 426 crore. It reported net profit of Rs 733 crore in the year-ago period. Net interest income (NII) as of Q3FY25 amounted at Rs 2,830 crore as opposed to Rs 2,525 crore as of Q3FY24, reflecting a growth of 12% YoY.

Also Read - Quarterly Financial Results of Public & Private sector banks for Q3FY25

"Bandhan Bank's performance in the third quarter reflects sustainable growth, with a strong focus on risks and compliance," stated MD & CEO Partha Pratim Sengupta in his remarks about the Bank's performance. The dedication of our staff and the confidence of our clients are the foundations of our ongoing success. 

Bandhan Bank is well-positioned for the next stage of growth as we transition into Bandhan Bank 2.0, thanks to an increase in our loan book and an emphasis on technology innovation, process improvement, and fortifying our staff and products."

While the net non-performing asset (NPA) was 1.3% in Q3FY25 compared to 2.2% YoY, the gross NPA was 4.7% in Q3FY25 compared to 7% a year earlier. The quarter's Net Interest Margin (NIM) was 6.9%, down from 7.2% in Q3FY24. In Q3FY24, the provisions were Rs 684 crore, but in Q3FY25, they were Rs 1,376 crore.

Operating profit increased 22% year over year to Rs 2,021 crore in Q3FY25 from Rs 1,655 crore in Q3FY24.As of December 31, 2024, Gross Advances stood at Rs.1.32 lakh crore as against Rs.1.16 lakh crore in the previous year, a growth of 14% YoY.

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