IBPS Supplementary Advertisement for RRB CWE - IX 2020


Institute Of Banking Personnel Selection(IBPS) 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.

Post: Bank Office Assistant/Officer Scale-I, II, III CWE-IX

Post-Wise Vacancies:
Office Assistant (Multipurpose) – 4624 Posts
Officer Scale-I (Assistant Manager) – 3800 Posts
Officer Scale-II (General Banking Officer) – 838  Posts
Officer Scale-II (Information Technology Officer) – 59 Posts
Officer Scale-II (Chartered Accountant) – 26  Posts
Officer Scale-II (Law Officer ) – 26 Posts
Officer Scale-II (Treasury Manager) – 03 Posts
 Officer Scale-II (Marketing Officer) – 08 Posts
Officer Scale-II (Agriculture Officer) – 100 posts
Officer Scale-III (Senior Manager) – 156 posts

Total No. of Posts: 9640

Educational Qualification
Office Assistant (multipurpose/Officer scale I – Candidates must have completed their Graduation in any discipline from any recognized University/institute will be eligible for this post.

Officer Scale II – General Banking Officer/Officer Scale III-Candidates must have completed their Graduation in any discipline with minimum 50% marks along with 3 years/5 Years Post Experience from any recognized University/institute will be eligible for this post.

Officer scale II (Information technology Officer) – Candidates must having Graduation Degree in Electronics/Communications/Computer science/Information Technology with Minimum 50% Marks & 2 Years Post experience from any recognized University/Institute will be eligible for this post.

Officer scale II (Chartered Accountant) – Candidates must have passed CA Exam from ICAI India & 1 Year Experience as CA will be eligible for this post.

Officer Scale –II (Treasury Manager) – Candidates having degree in CA or MBA Degree in Finance with 2 Year Experience in Recognized Sector will be eligible for this post.

Officer Scale-II (Marketing Officer) – Candidates having MBA Degree in marketing Trade with 2 Years Experience in Recognized Sector will be eligible for this post.


Officer Scale-II (Agriculture Officer) – Candidates having Graduation Degree in Agriculture/Horticulture/dairy/animal/Veterinary Science/Engineering/Pisciculture from Recognized University/Institute with 3 Years Experience will be eligible for this post.

Please read Official Notification for Educational Qualification details.

Age Limit: As on 01-07-2020
Officer Scale-I – 18-30 Years
Officer Scale-II – 21-32 Years
Officer Scale-III – 21-40 Years
Officer Assistant Multipurpose – 18-28 Years

Age Relaxation (Upper Age Limit)
SC/ST-05 Years
OBC-03 Years

Fee
Gen/OBC – Rs. 850/-
SC/ST/PH – Rs.175/-

Payment will be made through Debit Card, Credit Card/Net Banking or Bank Challan

Selection Process: Candidates will be selected based on Preliminary & Mains Examination

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

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Apply Online: Office Assistant (Multipurpose) - Clerk | Officer Scale - 1 | Officer Scale - II & III

 

Important Dates:

  • Re-open Date of Online Application: 26-10-2020 (New)
  • Last Date to Apply Online & Fee Payment: 09-11-2020 (New)
  • Payment of Application Fees/Intimation Charges (Online): 01.07.2020 to 21.07.2020
  • Download of call letters for Pre- Exam Training: 12.08.2020
  • Conduct of Pre-Exam Training: 24.08.2020 to 29.08.2020
  • Download of call letters for online examination – Preliminary: August, 2020
  • Online Examination – Preliminary: September/October 2020
  • Result of Online exam – Preliminary: October 2020
  • Download of Call letter for Online exam – Main / Single: October/November 2020
  • Online Examination – Main / Single: October/ November 2020
  • Declaration of Result – Main/ Single (For Officers Scale I, II and III): October/ November 2020
  • Download of call letters for interview (For Officers Scale I, II and III): October/November 2020
  • Conduct of interview (For Officers Scale I, II and III): October/November 2020
  • Provisional Allotment (For Officers Scale I, II and III & Office Assistant (Multipurpose)): January 2021
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NITI Aayog suggests creation of Dak Bank

In a bid to further deepen financial inclusion in the country, the NITI Aayog has suggested the creation of a Dak Bank -- postal bank -- by merging the regional rural banks, among other recommendations to the government.

In a recent presentation to the Prime Minister's Office and the Finance Ministry, the NITI Aayog has suggested the over 1.5 lakh post offices in the country should be made outlets for the proposed Dak Bank, sources said.

Further, the think tank has also suggested easier norms for granting bank licenses.

In another major recommendation, it has suggested privatisation of three banks, Punjab & Sind Bank, UCO Bank and the Bank of Maharashtra, said people in the know.

The suggestion comes at a time when a new disinvestment policy is in the works and the government is already considering bringing the banking and insurance sector under its ambit.

The likelihood of the government going for privatisation of public sector banks has also drawn criticism and protests for bank workers' unions.

In the banking space, with the latest merger of public sector banks coming into effect in April, India currently has 12 public sector banks, down from 27 in 2017.

During the announcement of the 'Aatmanirbhar Bharat' economic package in May, Finance Minister Nirmala Sitharaman had said that the Centre will come up with a new Public Sector Enterprise Policy, and open up all the sectors to the private sector.
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IBPS CRP RRBs VIII Recruitment for Officers & Office Assistant posts 2019

Institute Of Banking Personal Selection Commission (IBPS) has published an Advertisement for below mentioned Posts 2019. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below in the advertisement.


Posts, Qualification & Age Limit as on 01/06/2019 :


  • Office Assistant (Multipurpose): 
    • Age Limit: 18-28 Years 
    • Qualification: Bachelor’s degree in any discipline from a recognized University or its equivalent (a) Proficiency in local language as prescribed by the participating RRB/s* (b) Desirable: Working knowledge of Computer. 
  • Officer Scale I (Assistant Manager)
    • Age Limit: 18-30 Years 
    • Qualification: (i.) Bachelor’s degree in any discipline from a recognized University or its equivalent Preference will be given to the candidates having degree in Agriculture, Horticulture, Forestry, Animal Husbandry, Veterinary Science, Agricultural Engineering, Pisciculture, Agricultural Marketing and Cooperation, Information Technology, Management, Law, Economics or Accountancy; (ii.) Proficiency in local language as prescribed by the participating RRB/s* (iii.) Desirable: working knowledge of Computer.
  • Officer Scale-II - Manager
    • General Banking Officer
      • Age Limit: 21-32 Years 
      • Qualification: Bachelor’s degree in any discipline from a recognized University or its equivalent with a minimum of 50% marks in aggregate. Preference will be given to the candidates having degree in Banking, Finance, Marketing, Agriculture, Horticulture, Forestry, Animal Husbandry, Veterinary Science, Agricultural Engineering, Pisciculture, Agricultural Marketing and Cooperation, Information Technology, Management, Law, Economics and Accountancy. Two years as an officer in a Bank or Financial Institution. 
    • Information Technology Officer
      • Age Limit: 21-32 Years 
      • Qualification: Bachelor’s degree from a recognised University in Electronics / Communication / Computer Science / Information Technology or its equivalent with a minimum of 50% marks in aggregate. Desirable: Certificate in ASP, PHP, C++, Java, VB, VC, OCP etc
    • Chartered Accountant
      • Age Limit: 21-32 Years 
      • Qualification: Certified Associate (CA) from Institute of Chartered Accountants of India
    • Law Officer
      • Age Limit: 21-32 Years 
      • Qualification: Degree from a recognised University in Law or its equivalent with a minimum of 50% marks in aggregate.
    • Treasury Manager
      • Age Limit: 21-32 Years 
      • Qualification: Chartered Accountant or MBA in Finance from a recognized university/ institution
    • Marketing Officer
      • Age Limit: 21-32 Years 
      • Qualification: MBA in Marketing from a recognized university Agricultural Officer: Bachelor’s degree in Agriculture/ Horticulture/ Dairy/ Animal Husbandry/ Forestry/ Veterinary Science/ Agricultural Engineering/ Pisciculture from a recognized university or its equivalent with a minimum of 50% marks in aggregate
    • Agriculture Officer
      • Age Limit: 21-32 Years 
      • Qualification: Bachelor’s degree in Agriculture/ Horticulture/ Dairy/ Animal Husbandry/ Forestry/ Veterinary Science/ Agricultural Engineering/ Pisciculture from a recognized university or it's equivalent with a minimum of 50% marks in aggregate
  • Officer Scale III (Senior Manager)
    • Age Limit: 21-40 Years 
    • Qualification: Bachelor’s degree in any discipline from a recognized University or its equivalent with a minimum of 50% marks in aggregate. Preference will be given to the candidates having Degree/ Diploma in Banking, Finance, Marketing, Agriculture, Horticulture, Forestry, Animal Husbandry, Veterinary Science, Agricultural Engineering, Pisciculture, Agricultural Marketing and Co-operation, Information Technology, Management, Law, Economics and Accountancy.



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

Application Fee: 
General / OBC/ EWS : 600/-
SC / ST / PH : 100/-

Payment Mode:
Pay the Exam Fee Through Debit Card, Credit Card, Net Banking, E Challan Fee Mode Only.

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


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Important Dates:

On-line registration including Edit/Modification of Application by candidates: 18.06.2019 to 04.07.2019

Payment of Application Fees/Intimation Charges (Online): 18.06.2019 to 04.07.2019

Download of call letters for Pre- Exam Training for Officer Scale-I: July 2019
Conduct of Pre-Exam Training for Officer Scale-I: 21.07.2019 to 26.07.2019
Download of call letters for Pre- Exam Training for Office Assistant: July 2019
Conduct of Pre-Exam Training for Office Assistant: 27.07.2019 to 01.08.2019
Download of call letters for online examination – Preliminary: July 2019


Online Examination – Preliminary

  • Officer Scale-I: 03.08.2019, 04.08.2019 and 11.08.2019
  • Office Assistant- 17.08.2019, 18.08.2019 & 25.08.2019


Result of Online exam – Preliminary

  • Officer Scale-I:  August 2019
  • Office Assistant- September 2019


The download of Call letter for Online exam – Main / Single: September 2019
Online Examination – Main / Single

  • Officers (I, II & III): 22.09.2019
  • Office Assistant: 29.09.2019


Declaration of Result – Main/ Single (For Officers Scale I, II and III) October 2019

The download of call letters for interview (For Officers Scale I, II and III) October 2019

Conduct of interview (For Officers Scale I, II and III) November 2019


Provisional Allotment (For Officers Scale I, II and III & Office Assistant. (Multipurpose): January 2020
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Regional Rural Banks' 30k retirees set to get pension


The government has directed the National Bank for Agriculture & Rural Development (Nabard) to implement the long-awaited pension scheme for 30,000-odd regional rural bank retirees, who have won a protracted legal battle demanding parity in pension with nationalised bank employees in April this year. 

The government has sent a communication to all regional rural bank chairmen and chief executives of their sponsor banks to execute the decision. “Nabard has been requested to comply with the orders of the Supreme Court,” said the communication dated August 16. 


Retired RRB employees will get pension at par with their counterparts in nationalised banks with effect from April this year. The Department of Financial Services has decided that employees, who were in service as on September 1, 1987, will be eligible for the pension, while those who joined RRBs before April 1, 2018, will come under this scheme. The Supreme Court has directed the government to implement the pension scheme within three months, while the government is yet to issue a final notification. 

“It is already late and obviously beyond the time limit fixed by the court, and we still expect the issuance of final order or notification from the government or Nabard,” said S Venkateswar Reddy, secretary general at All India Regional Rural Bank Employees’ Association. The decision on arrears prior to April this year is yet to be taken, sources in the know said. 


“We will examine the total impact of the scheme once it is notified. If there are any deviations, we will take up the issue for necessary remedial measures,” said Abdul Sayeed Khan, general secretary of National Federation of Regional Rural Bank Officers. 

It has been decided that the pension burden will be borne by the respective RRBs from their working expenses till structured pension funds are created as per the provision of the pension regulations. 

Source- Economic Times
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Regional rural banks(RRBs) come under PCA (Prompt Corrective Action)



The prompt corrective action framework for banks will also apply to regional rural banks (RRBs). National Bank for Agriculture and Rural Development (Nabard), which supervises RRBs, has directed them to initiate self-corrective action based on parameters such as capital adequacy, asset quality and profitability which largely follows the framework for bigger commercial banks. 

Accordingly, RRBs will have to slow down business if their capital adequacy falls below 9%, net non-performing assets ratio rises over 10% of total advances and return on assets falls below 0.25%. Nabard said it has consulted the RBI before finalising the action plan. 

The bank has tightened its supervisory noose around RRBs, saying that failure of taking corrective action when required will attract harsher regulatory action such as monetary penalties and issuing of show cause notices to the management. “To ensure financial soundness and functional efficiency of RRBs with statutory and regulatory compliance, the board of supervision has considered introducing Supervisory Action Framework for Prompt Corrective Action,” Nabard said in a note to the RRB chairmen.



“The focus is to ensure early rectification of the irregularities or deficiencies,” the note said. 

The framework will be implemented based on the findings of Nabard’s inspection with reference to RRBs’ financial performance at the end of March 2018.”The corrective action should include close monitoring of NPAs and its recovery, mobilisation of low cost deposits and curtailing of expenditure. These banks should prepare a time-bound action plan for improvement in their functioning,” Nabard said.

“The multiplicity of regulatory directions are often contradictory. 

The different regulatory authorities must bring about a semblance of uniformity in approach in implementation of NPA norms on investment , ” said SK Bhattacharjee, general secretary of All India RRB Officers’ federation. 


“Adequate emphasis has already been placed on reliance of systemdriven NPAs. However, a commonly accepted practice must be evolved to come out with a realistic picture of the financial health of RRBs, and all RRBs must follow this,” he said. 


There are 56 RRBs with a cumulative business over Rs 6 lakh crore at the end of FY17. 


Nabard said RRBs with accumulated losses or having 15% or more NPAs will not be allowed to venture into new lines of business. 
Source- Economic times

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IBPS RRB 2017 Officer Scale I and Office Assistants CWE-VI Recruitment Official Notification


Institute of Banking Personnel Selection (IBPS) has published the much-awaited IBPS RRB 2017 notification recruitment in 2017-18 - Common Written Exam (CWE)-VI in Regional Rural Banks (RRBs).

According to the notification;  Preliminary Examination for Officer Scale I and Office Assistants will be held in the month of September 2017 on 09th, 10th, 16th, 17th, 23rd and 24th. Mains exam for officer scale-1 will be conducted on 05th November & Office Assistant on 11th November 2017. The only single exam will be conducted for Officers Scale-II and Officers Scale-III on 05th November 2017.
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Government sanctions Rs 700 crore to recapitalize regional rural banks

The government today sanctioned an additional Rs 700 crore for the recapitalization of weak regional rural banks (RRBs) and extended the validity period for the fund infusion to next fiscal.

"The validity period for recapitalization of RRBs had ended. It has been extended to 2016-17. Rs 700 crore additional amount has been sanctioned," Finance Minister Arun Jaitley said after the Cabinet meeting here.

The Cabinet, chaired by Prime Minister Narendra Modi, approved for extension for the next three years, that is up to 2016-17 of the scheme of recapitalization of weak RRBs, he said.
These banks are unable to maintain their minimum Capital to Risk weighted Assets Ratio (CRAR) of 9%, he said, adding, this decision will help them improve this ratio.
A strong capital structure and minimum required level of CRAR will ensure financial stability of RRBs which will enable them to play a greater role in financial inclusion and meeting the credit requirements of rural areas, he said.
Presently, there is a Budget provision of Rs 15 crore for recapitalization of RRBs.
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Regional rural banks must be merged into one

Malappuram-based, Canara Bank-sponsored Kerala Gramin Bank is the country’s largest regional rural bank (RRB) in terms of business volume. With ₹17,800 crore of business and 535 branches, KGB is now set to launch Internet banking in September. It will be the first RRB to roll out Internet banking, Chairman, Shaji KV, told Business Line. Excerpts from an interview:
RRBs were set up in a different time period. But the Indian economy has since grown enormously and commercial banking has gone high-tech. Do RRBs still have relevance?

The relevance has, in fact, increased. More than half of the population still depends on agriculture for their livelihood and agricultural credit continues to be scarce. Thousands of villages are unbanked. Small low-interest loans to farmers and priority sectors make up about 80 per cent of the advances of most RRBs now. In many regions, gramin banks are the only option for villagers. The reasons for setting up a string of RRBs following the enactment of the RRB Act, 1976, are still valid. RRBs have regional character, better human interface, low cost of operations and offer low-interest loans.
But don’t they need to change with the times?
True. They need to adapt to the changing needs of the rural people and the economy. They need to be re-oriented and their operational base strengthened. Customer relations should be vastly improved. One advantage of RRBs over commercial banks is their local familiarity. RRBs should combine the professionalism of commercial banks with their local familiarity to provide better customer service. New banking technologies should be made available to RRBs, too. They should go in for ATMs and Internet banking. They should aim for gramin banking-plus.
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RRB employees call two-day strike on Thursday and Friday

Regional rural banks (RRB)employees and officers have called for a two-day all India strike on Thursday and Friday to protest against the government's plan to privatise these entities
and outsourcing of banking services. They are also demanding pension-provident fund facilities in line with mainstream commercial banks.

All India Rural Bank Employees' Association said that rural banking services would come to a halt on these two days as employees of 56 RRBs will join the strike.

RRBs have about 2000 branches across the country. They are also demanding introduction of compassionate appointment scheme in line with sponsor banks retrospective effect and uniform and equal gratuity payment scheme

Source : Economic Times
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List Regional Rural Bank(RRB)s in India

Regional Rural Banks in India are an integral part of the rural credit structure of the country. Since the very beginning, when the Regional Rural Banks in India (RRBs) were established in October 2, 1975, these banks played a pivotal role in the economic development of the rural India. The main goal of establishing regional rural banks in India was to provide credit to the rural people who are not economically strong enough, especially the small and marginal farmers, artisans, agricultural labours, and even small entrepreneurs.

The Conception and the Brief history

The history of regional rural banks in India dates back to the year 1975. It's the Narsimham committee that conceptualized the foundation of regional rural banks in India. The committee felt the need of 'regionally oriented rural banks' that would address the problems and requirements of the rural people with local feel, yet with the same level of professionalism of commercial banks. Five regional rural banks were set up on October 2 with a total authorized capital of ` 1 crore, which later augmented to ` 5 crore. There were five commercial banks, viz. Punjab National Bank, State Bank of India, Syndicate Bank, United Bank of India and United Commercial Bank, which sponsored the regional rural banks. The equities of rural banks were divided in a proportion of 50:35:15 among the Central Government, the Sponsor bank and the concerned State Government.

The following years have not been so easy for the regional rural banks in India, as there were major concern of financial viability. A number of committees were formed to find out solution. Studies were conducted to find out the factors that influence RRBs performance. The roles played by the sponsor banks were also analyzed. 
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