The Gandhinagar Nagarik Co. Op. Bank Ltd. Recruitment for Branch Manager & Stenographer Posts 2017

The Gandhinagar Nagarik Co. Op. Bank Ltd. has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts:

• Branch Manager 
• Age Limit: 45 years
• Stenographer cum Gujarat and English Typist 
• Age Limit: 40 years

Read More

Paytm Payments Bank launched: Zero minimum balance, no online transaction fees & other key features

Paytm's Payments Bank is officially official now. Union Finance Minister Arun Jaitley inaugurated the service at an event in New Delhi on Tuesday. Paytm Payments Bank is notably India's mobile-first bank with which you will be able to make online transactions at zero cost. You also need not keep a minimum balance to maintain a Paytm Payments Bank account, unlike most of the other bank accounts.

Read More

Public Sector Banks may face Rs 40,000-cr loss due to bad loans

Commercial banks wrote off about Rs 35,000 crore of bad loans in July-September, taking write-offs to Rs 65,800 crore in the first half of the financial year.

Credit costs — the amount set aside for bad loans and stressed assets — for ageing non-performing assets (NPAs) and National Company Law Tribunal cases would take provision coverage ratio to 58-60 per cent by the end of FY18, from 44.3 per cent at the end of March 2017, according to rating agency ICRA. 

Read More

Is the sun rising for public sector banks?

A year-and-a-half ago, the Reserve Bank of India’s (RBI) asset quality review revealed the ugly underbelly of public sector lenders and showed private sector banks have been more prudent and smart.

Six quarters later, the three-monthly results show private lenders also had an ugly underbelly; they just didn’t expose it.

Private sector banks on an aggregate basis saw their bad loan stock rise 10% on both gross and net basis. Their public sector counterparts reported less than a 1% rise. To be fair, some private sector lenders were better off than everyone and some public sector lenders were the worst performers.

Read More

Government has no such intentions to withdraw Bank Cheque Book Service

Refuting an earlier report that cheque book facility would be withdrawn to push digital transactions, the Ministry of Finance on Thursday clarified that there is no such proposal under consideration. To recap, just last week, Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal said, “In all probability, the Centre may withdraw the cheque book facility in the near future to encourage digital transactions.”

Read More

All-India bank strike on December 27 over wage revision in IDBI Bank

The All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) - two of the biggest unions in the banking sector - have called for an all-India strike on December 27, demanding the implementation of the long overdue wage revision in IDBI Bank. The United Forum of Bank Unions, an umbrella body of nine bank unions, has reportedly support the strike call.

Read More