SBI Recruitment for Clerk (Junior Associate) Posts 2020

State Bank of India (SBI) has published an Advertisement for below mentioned Posts. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below in the advertisement.

Posts: Junior Associate (Customer Support & Sales)

Category Wise Vacancy Details:

Junior Associates (Regular Post) – 7870 Posts

General – 3387 Posts

OBC – 1784 Posts

EWS – 777 Posts

SC -1209 Posts

ST – 713 Posts

Junior Associates (Backlog Post) – 130 Posts

General – 60 Posts

OBC – 19 Posts

EWS – 13 Posts

SC – 05 Posts

ST – 33 Posts

Total No. of Posts: 8000

Educational Qualification: Please read Official Notification for Educational Qualification details.

Age Limit: (As on 01-01-2020)

Minimum – 20 Years

Maximum – 28 Years

Age Relaxation (Upper Age Limit)-

SC/ST – 05 Years

OBC – 03 Years

Fee: 

General/ OBC/EWS – Rs. 750/-

SC/ST/PH/XS – NIL

Payment will be made through Debit Card/Credit Card/Net banking/E Challan/SBI Collect

Selection Process: Candidates will be selected based on the Preliminary Examination (Online Mode), Mains Examination (Online Mode)

Important Dates:

Starting Date of Online Application: 03-01-2020

Last Date to Apply Online & Fee Payment: 26-01-2020

Admit Card: 11-02- 2020

Exam Date:

Prelims Exam – February/ March 2020

Mains Exam – 19 April 2020

How to Apply: Interested Candidates may Apply Online Through official Website.

Apply Online: Click Here 

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Next meeting of Bipartite Settlement for bankers on 13th Jan

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Expected DA for Bankers from February 2020

Read Also - DA increased for Bankers from Feb-2020

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These PSU Banks to get Rs.8,655 crore for preferential allotment

The government has approved releasing Rs.8,655 crore to three public sector lenders -- Allahabad Bank, Indian Overseas Bank (IOB) and UCO Bank -- for preferential allotment of shares.

The Ministry of Finance has approved infusing fresh capital amounting to Rs.2,153 crore in Allahabad Bank, Rs.2,142 crore in UCO Bank and Rs.4,630 crore in IOB via for preferential allotment of shares.

Fresh capital infusion by the government is a part of the announcement made by Finance Minister Nirmala Sitharaman, in her maiden Budget on 5 July.

Sitharaman had first proposed a capital infusion Rs.70,000 crore in public-sector banks in two phases. First, banks were to subscribe to bonds floated by the government and in the second phase, the government was to infuse the money into these banks.

As of 20 November, the government had infused Rs.60,314 crore in public-sector banks of the total of Rs.70,000 crore that was announced for these banks.

At 12.16pm, the shares of Allahabad Bank were nearly 8% up at Rs.19.15 apiece. Shares of UCO Bank were higher by 3.6% and IOB nearly 9% at Rs.17.40 and Rs.12.25 , respectively.

All these three banks are currently under the Reserve Bank of India’s prompt corrective action (PCA) framework and their ability to exit the same will be driven by a reduction in net non-performing asset ratio to less than 6.0% and maintenance of capital conservation buffer, which further depends on the capital infusion by the government.

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RBI launches new prepaid payment instrument for digital transactions up to Rs 10,000

Reserve Bank of India has given Indian consumers a new option to make their daily payments at local shops and retail outlets for the purchase of daily household goods and services.

In a bid to give increased impetus to small ticket digital payments RBI on Tuesday has introduced a new Prepaid Payment Instrument (PPI) which will come with a monthly rechargeble limit of Rs 10000 and can be used only for making retail payments.

"To give impetus to small value digital payments and for enhanced user experience, it has been decided to introduce a new type of semi-closed PPI..." the central bank announced in press release on Tuesday. "These PPIs shall be used only for purchase of goods and services and not for funds transfer."

The newly introduced payment instrument can be issued by banks and existing non bank PPI players. These companies would be able to verify credentials of customers seeking to open their PPI accounts using an OTP sent to user's verified mobile number and a digital identification document recognized by the Department of Revenue, the banking regulator said.

"The minimum details shall necessarily include a mobile number verified with One Time Pin (OTP) and a self-declaration of name and unique identity/ identification number of any ‘mandatory document’ or ‘officially valid document’ (OVD) listed in the ‘Master Direction - Know Your Customer (KYC) Direction," according to the central bank.

This will come as a boost especially for wallet companies such as Paytm and Phonepe that have reeled due to high costs of KYC compliance since the Supreme Court denied them permission to access Aadhar database to complete full KYC authentication.

The PPI can be used for a monthly limit of Rs. 10000 and the amount can only be uploaded only from bank account linked with customer's verified mobile number. Furthermore, RBI has also fixed an annual limit of Rs 1.2 lakh that can be recharged on these accounts.

RBI governor Shaktikanta Das had spoken about the possible launch of such an instrument while making his Monetary Policy speech on December 5. The governor had emphasised on the need for a seamless, easy to issue payment instrument to increase the use of digital payments at small merchant locations where typically the failure rate of transactions are known to be high.

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IDBI Bank likely to be out of PCA framework in fourth quarter

LIC-controlled IDBI Bank expected to come out of the Prompt Corrective Action (PCA) framework in the last quarter of the current fiscal with the support of capital infusion and recovery from large IBC cases. According to sources, some of the restrictions with regard to lending by the bank have been eased recently.

With money coming from resolution on Essar Steel and expected flow from resolution of Bhushan Power and Steel and Alok Industries, sources said the bank is likely to be posting profit during the third quarter and the subsequent quarter.

The bank has already come below net NPA threshold of 6 per cent, one of the three parameters for triggering PCA framework. The net NPA of the bank reduced to below 6 per cent in the second quarter ended September 2019.

Recently, Parliament approved Rs 9,300 crore capital infusion in IDBI Bank. The department of financial services got an additional Rs 4,557 crore for infusion into IDBI Bank through recap bonds for their share of 47.11 per cent in IDBI Bank. State-owned LIC, which is the promoter of the debt-ridden lender with 51 per cent stake, will pump in an additional Rs 4,743 crore to improve the bank's capital position.

With this kind of capital infusion coupled with write back from the recoveries from large NPA cases, the bank is expected to come out from the weak bank watch list by the end of the current fiscal, sources said.

The PCA framework kicks in when banks breach any of the three key regulatory trigger points namely capital to risk weighted assets ratio, net non-performing assets (NPA) and return on assets (RoA).

Earlier this month, Finance Minister Nirmala Sitharam said the recapitalisation was done by the government by infusing Rs 21,157 crore into IDBI Bank since 2015 after we came back to power and LIC infused Rs 21,624 crore.

"So both put together have given Rs 42,781 crore to the bank. This has help reduce the net NPAs from a peak of 17.3 per cent in September, 2018 to 5.97 per cent in September, 2019. It has come below RBI's 6 per cent net NPA threshold level," she had said.

Earlier this year, the RBI removed five banks - Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, Allahabad Bank and Corporation Bank - from the PCA framework in two phases after capital support from the government that resulted in improvement in their financial parameters.

The capital infusion helped these lenders meet requisite capital thresholds and reduced their net NPA levels to below 6 per cent.

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PSU Bank unions decide to join national strike called on Jan 8

Bank unions have decided to join the national general strike which has been called on January 8, 2020. The strike has been called in protest against the central govt's labour policies and banking reforms, said the unions.

Central Trade Unions viz. INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF and UTUC along with various independent Federations and Unions in different Sectors have given the call for national general strike on January 8, 2020 to protest against labour policies of the government.

The demands include, price control, creation of more jobs for unemployed youth, guaranteed right to job, right to wage, job security, end of outsourcing of permanent jobs, no adverse amendment of labour laws, and no curtailment of trade union rights. The unions have also demanded a minimum wage of Rs 21,000 with no weakening of social security schemes.

Workers from both the organised and unorganised sector are expected to participate in this strike.

In the banking sector, the call has been jointly given by 5 Unions; AIBEA, AIBOA, BEFI, INBEF and INBOC. In addition, employees of RBI, co-operative Banks, RRBs, LIC and General Insurance sector are also joining the strike. Workers from various other sectors like defence production, steel, oil, coal, railways, ports, road transport, teachers, and other government employees etc. have decided to join the strike, said C H Venkatachalam, General secretary, All India Bank Employees' Association (AIBEA)

"In the banking sector, we find that the Government’s policy is privatisation and unwarranted merger of nanks despite our vehement protests. On the other hand, the main issue of recovery of corporate bad loans is being ignored and concessions are being given to them while service charges are increased for the common people," he said.

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Summary of Today's meeting of 11th Bipartite Settlement

Core Committee Meeting (Workmen) held on

      28 November 2019

As decided during Main Negotiations Committee Meeting held on 15 Nov, '19 : Core Committee (Workmen) Meeting was held today at IBA Office, Cuffe Parade, Mumbai.

Discussions:-

1.  Adoption of New Series of C. P. Index for D. A. calculation and formula for DA calculation to be decided during the next Main Negotiating Committee Meeting. 

2.  Union demand for PL accumulation upto 300 days & it's encashment on retirement to be put before Main Committee.

3.  For Adoption of Child upto 1 yr ML agreed with certain conditions.

4.  Sabbatical Leave to all employees. The matter is left to individual banks. 

5.  LFC : There will be improvement in distance permitted to Sub Staff.

6.  LFC : For Workmen employees travel by own car permitted. At par with provision for officers.

7.  LFC :  with package tour not permitted. 

8. Outsourcing : From the earlier clause " as per RBI guidelines to be done for non core activities." It is agreed to *remove words as per RBI guidelines.*

9.  OT : For simplified & improved method note is submitted by Unions. To be discussed further.

10.  Punishment : For gross misconduct, *fine* as punishment may be removed.

11.  Ex Servicemen : Only the guidelines issued by "Dept of Financial Services" of Govt of India to be followed uniformly. 

12. Unions wanted time gap between Business hours and Working hours should be 2 hours instead of present 1 hour. This demand was rejected outright by the IBA.

Whatever is accepted is subject to final approval at Main Committee level. 

 Negotiations may take decisive turn during next meeting on *3 Dec, 2019.*

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